Carnival Corporation & plc (NYSE:CUK) saw an upside of 2.70% to $15.99 after adding $0.42 on Monday. The 5-day average trading volume is 1,514,849 shares of the company’s common stock. It has gained $16.72 in the past week and touched a new high 1 time within the past 5 days. An average of 1,904,037 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,146,047.
CUK’s 1-month performance is -7.47% or -$1.31 on its low of $15.51 reached on 08/04/23. The company’s shares have touched a 52-week low of $5.43 and high of $17.67, with the stock’s rally to the 52-week high happening on 07/05/23. YTD, CUK has achieved 122.39% or $8.78 and has reached a new high 28 times. However, the current price is down -9.51% from the 52-week high price.
Insider Transactions
CUK stock investors last saw insider trading activity on Feb 21.Bernstein David (CFO & CAO) most recently sold 107,119 shares at $11.08 per share on Feb 21. This transaction cost the insider $1,186,696.
Valuation Metrics
CUK stock has a beta of 2.44. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.29 while the price-to-book (PB) in the most recent quarter is 3.45.
Carnival Corporation & plc’s quick ratio for the recent period was 0.50, with the current ratio over the same period at 0.50. In terms of profitability, the gross margin trailing 12 months is 23.50%. The trailing 12-month EBITDA margin is -12.28%. The firm’s gross profit as reported stood at $411.0 million against revenue of $12.17 billion.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than $717.0 million. CUK stock balance sheet for the recent quarter shows that total liabilities totaled 46.01 billion, with total debt at $35.12 billion. Shareholders hold equity totaling $1.31 billion.
Let’s look briefly at Carnival Corporation & plc (CUK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 August was 47.55% to suggest the stock is trending Neutral, with historical volatility in this time period at 43.07%.
The stock’s 5-day moving average is $15.96, reflecting a -6.77% or -$1.16 change from its current price. CUK is currently trading -8.74% above its 20-day SMA, +91.95% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +68.28% and SMA200 by+123.04%.
Stochastic %K and %D was 16.54% and 22.01% and the average true range (ATR) pointed at 0.61. The RSI (14) points at 51.92%, while the 14-day stochastic is at 27.54% with the period’s ATR at 0.62. The stock’s 9-day MACD Oscillator is pointing at -0.45 and -0.40 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Carnival Corporation & plc (NYSE: CUK), Berenberg upgraded it to a Hold rating. They previously had a Sell rating on the stock. Analysts offering their rating for CUK stock have a consensus rating for the stock as Overweight. Currently, 4 brokerage advisors rate CUK as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 11 have offered a “buy” rating.
What is CUK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $7.00 and a high of $25.00, with their median price target at $17.00. Looking at these predictions, the average price target given by analysts is for Carnival Corporation & plc (CUK) stock is $17.07.
