Analysts’ Views On Carnival Corporation & plc (CCL)


Carnival Corporation & plc (NYSE:CCL) finished Thursday with an addition of $0.41 to close at $8.08, an upside of 5.35 percent. An average of 42,866,520 shares of common stock have been traded in the last five days. There was a fall of -$0.40 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 48,764,465 shares traded, while the 50-day average volume stands at 53,116,809.

CCL stock has decreased by -17.13% in the last month. The company shares reached their 1-month lowest point of $7.53 on 12/23/22. With the stock rallying to its 52-week high on 02/10/22, shares of the company touched a low of $6.11 and a high of $23.86 in 52 weeks. It has reached a new high 6 times so far this year and lost -59.84% or -$12.04 in price. In spite of this, the price is down -66.13% from the 52-week high.

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Insider Transactions

CCL stock investors should be aware that Carnival Corporation & plc (CCL) stock had its last reported insider trading activity 336 days ago on May 25. In this transaction, the insider spent $1,827,970. CFO & CAO, Bernstein David, disposed of 7,670 shares at a price of $21.38 on Jan 20. The insider now owns more than $164,018 worth of shares.

Valuation Metrics

Carnival Corporation & plc (CCL) stock’s beta is 2.15. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.05, the price-to-book (PB) ratio at 1.14.

Financial Health

The quick ratio of Carnival Corporation & plc for the three months ended November 29 was 0.60, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.40 and a total debt to equity ratio of 4.07 for the quarter ending November 29. Its gross profit as reported stood at -$2.15 billion compared to revenue of $1.91 billion.

Earnings Surprise

For the three-month period that ended November 29, Carnival Corporation & plc had $28.52 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$770.0 million in the quarter, while revenues of -$1.83 billion were shrunk -268.31%. The analyst consensus anticipated Carnival Corporation & plc’s latest quarter earnings to come in at -$0.87 per share, but it turned out to be -$0.85, a 2.30% surprise. For the quarter, EBITDA amounted to $345.0 million. Shareholders own equity worth $1.3 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Carnival Corporation & plc (CCL) price momentum. RSI 9-day as of the close on 29 December was 41.44%, suggesting the stock is Neutral, with historical volatility in this time frame at 60.50%.

As of today, CCL’s price is $7.82 -4.72% or -$0.40 from its 5-day moving average. CCL is currently trading -18.63% lower than its 20-day SMA and -19.28% lower than its 100-day SMA.

The stochastic %K and %D were 12.93% and 10.68%, respectively, and the average true range (ATR) was 0.50. With the 14-day stochastic at 25.70% and the average true range at 0.51, the RSI (14) stands at 41.52%. The stock has reached -0.22 on the 9-day MACD Oscillator while the 14-day reading was at -0.52.


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