Carnival Corporation & plc (NYSE:CCL) finished Thursday with a subtraction of -$0.54 to close at $15.71, a downside of -3.32 percent. An average of 23,199,379 shares of common stock have been traded in the last five days. There was a fall of -$0.09 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 24,847,275 shares traded, while the 50-day average volume stands at 39,666,891.
CCL stock has decreased by -10.99% in the last month. The company shares reached their 1-month lowest point of $15.39 on 08/18/23. With the stock rallying to its 52-week high on 07/05/23, shares of the company touched a low of $6.11 and a high of $19.55 in 52 weeks. It has reached a new high 28 times so far this year and achieved 94.91% or $7.65 in price. In spite of this, the price is down -19.64% 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 185 days ago on Feb 21.
Valuation Metrics
Carnival Corporation & plc (CCL) stock’s beta is 2.40. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.14, the price-to-book (PB) ratio at 3.39.
Financial Health
The quick ratio of Carnival Corporation & plc for the three months ended May 30 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 quarter ending May 30. Carnival Corporation & plc’s EBITDA margin for the year ending May 30 is -12.28%, while its operating margin for the same period stands at -8.60%. Its gross profit as reported stood at $851.0 million compared to revenue of $12.17 billion.
Earnings Surprise
For the three-month period that ended May 30, Carnival Corporation & plc had $31.92 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 -$407.0 million in the quarter, while revenues were shrunk -350.61%. The analyst consensus anticipated Carnival Corporation & plc’s latest quarter earnings to come in at -$0.34 per share, but it turned out to be -$0.31, a 8.80% surprise. For the quarter, EBITDA amounted to $758.0 million. Shareholders own equity worth $1.31 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 24 August was 35.25%, suggesting the stock is Neutral, with historical volatility in this time frame at 47.76%.
As of today, CCL’s price is $15.78 -0.57% or -$0.09 from its 5-day moving average. CCL is currently trading -13.78% lower than its 20-day SMA and +54.78% higher than its 100-day SMA. However, the stock’s current price level is +2.41% above the SMA50 and +74.56% above the SMA200.
The stochastic %K and %D were 17.64% and 14.89%, respectively, and the average true range (ATR) was 0.58. With the 14-day stochastic at 11.68% and the average true range at 0.61, the RSI (14) stands at 39.23%. The stock has reached -0.16 on the 9-day MACD Oscillator while the 14-day reading was at -0.68.
Analyst Ratings
Argus upgraded Carnival Corporation & plc (NYSE: CCL) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Carnival Corporation & plc (CCL) among analysts is Overweight. According to current brokerage recommendations, 4 brokerage firms advise that investors sell CCL, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 11 others rate it as a “buy”.
What is CCL’s price target for the next 12 months?
Analysts predict a range of price targets between $7.00 and $25.00, with a median target of $18.00. Taking a look at these predictions, the average price target given by analysts for Carnival Corporation & plc (CCL) stock is $17.38.
