The stock of Carnival Corporation & plc (NYSE:CCL) increased by $0.04 on Monday to finish at $16.83, up 0.24 percent. The last five days have seen an average of 22,965,699 shares of common stock traded. 28 times new highs were reached in the current year, with a gain of $8.77. The average number of shares traded over the last 20 days was 28,872,006, while the average volume over the last 50 days totaled 43,877,859.
CCL stock dropped -2.32% since last month. On 08/14/23, the company’s shares reached a one-month low of $16.48. The stock touched a high of $19.55 on 07/05/23, after rallying from a low of $6.11 in 52 weeks. The price of CCL stock has risen by 108.81% or $8.77 this year, reaching a new high 28 times. Still, the stock price is down -13.91% from the 52-week high.
Insider Transactions
CCL stock investors should be aware that Carnival Corporation & plc (CCL) stock had its last reported insider trading activity 175 days ago on Feb 21. On Feb 21, CFO & CAO Bernstein David sold 107,119 shares at $11.08 each. This transaction resulted in the insider making $1,186,696.
Valuation Metrics
Beta for the stock is 2.40. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.25, the price-to-book (PB) ratio of 3.63.
Company paid $0.50 per share in dividends, remained unchanged from $0.50 last year. A $0.05 dividend increase was reported on Wednesday April 11 2018.
Financial Health
For the three months ended May 30, Carnival Corporation & plc’s quick ratio was 0.50, while its current ratio was 0.50, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending May 30 is 5.44, and the total debt to equity ratio is 5.75. As far as profitability goes, gross margin for the trailing twelve months is 42.00% percent. Carnival Corporation & plc’s EBITDA margin for the year ended May 30 was -12.28%, whereas its operating margin stood at -8.60% for the same period. Based on annual data, it had gross profit of $851.0 million and revenue of $12.17 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CCL’s return on assets (ROA) during the last 12 months has been -6.70%. There was a -10.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -50.50%.
Earnings Surprise
According to Carnival Corporation & plc’s quarterly financial report for the quarter that ended May 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.91 billion, while revenues rose by 51.11% to $4.43 billion. It was predicted that Carnival Corporation & plc’s quarterly earnings would be -$0.31, but it ended up being -$0.34, beating the consensus by 8.80%. EBITDA was $758.0 million for the quarter. At the end of Carnival Corporation & plc’s most recent quarter ended May 30, its liabilities totaled 46.01 billion, while its total debt was $35.12 billion. Equity owned by shareholders amounts to $1.31 billion.
Technical Picture
Here’s a quick look at Carnival Corporation & plc’s (CCL) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 38.27%, suggesting the stock is Neutral, with a 51.72% historical volatility rate.
The stochastic %K and %D were 11.89% and 15.63% respectively, while the average true range (ATR) was 0.65. Based on the 14-day stochastic reading of 14.88%, the RSI (14) reading is 44.59%. On the 9-day MACD Oscillator, the stock is at -0.41, and the 14-day reading is at -0.71.
Analyst Ratings
In its most recent analyst report, Argus raised its rating on Carnival Corporation & plc (NYSE: CCL) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Carnival Corporation & plc (CCL) an Overweight rating. CCL is a stock that is recommended for selling by 4 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 11 others recommend it as a buy.
What is CCL’s price target for the next 12 months?
The current consensus forecast for the stock is between $7.00 and $25.00, with a median target price of $17.00. In analyzing these forecasts, the average price target given by analysts for Carnival Corporation & plc (CCL) is $17.07.
