Carnival Corporation & plc (NYSE:CUK) finished Wednesday with a subtraction of -$0.6 to close at $15.69, a downside of -3.68 percent. An average of 1,440,220 shares of common stock have been traded in the last five days. There was a fall of -$0.35 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 1,798,820 shares traded, while the 50-day average volume stands at 2,161,944.
CUK stock has decreased by -8.35% in the last month. The company shares reached their 1-month lowest point of $15.51 on 08/04/23. With the stock rallying to its 52-week high on 07/05/23, shares of the company touched a low of $5.43 and a high of $17.67 in 52 weeks. It has reached a new high 28 times so far this year and achieved 118.22% or $8.50 in price. In spite of this, the price is down -11.21% from the 52-week high.
Insider Transactions
CUK stock investors should be aware that Carnival Corporation & plc (CUK) stock had its last reported insider trading activity 170 days ago on Feb 21.
Valuation Metrics
Carnival Corporation & plc (CUK) stock’s beta is 2.44. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.27, the price-to-book (PB) ratio at 3.38.
Financial Health
The quick ratio of Carnival Corporation & plc for the recent quarter was 0.50, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 5.44 and a total debt to equity ratio of 5.75 for the recent quarter. Carnival Corporation & plc’s EBITDA margin is -12.28%, while its operating margin for the same period stands at -8.70%. Its gross profit as reported stood at $411.0 million compared to revenue of $12.17 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Carnival Corporation & plc (CUK) price momentum. RSI 9-day as of the close on 09 August was 43.05%, suggesting the stock is Neutral, with historical volatility in this time frame at 48.98%.
As of today, CUK’s price is $15.95 -2.18% or -$0.35 from its 5-day moving average. CUK is currently trading -5.37% lower than its 20-day SMA and +92.28% higher than its 100-day SMA. However, the stock’s current price level is +56.74% above the SMA50 and +120.68% above the SMA200.
The stochastic %K and %D were 35.13% and 30.40%, respectively, and the average true range (ATR) was 0.62. With the 14-day stochastic at 10.78% and the average true range at 0.63, the RSI (14) stands at 48.53%. The stock has reached -0.13 on the 9-day MACD Oscillator while the 14-day reading was at -0.11.
Analyst Ratings
Berenberg upgraded Carnival Corporation & plc (NYSE: CUK) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Sell.
