Carnival Corporation & plc (NYSE:CUK) finished Friday with an addition of $0.13 to close at $14.37, an upside of 0.91 percent. An average of 1,119,340 shares of common stock have been traded in the last five days. There was a gain of $0.21 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 1,322,430 shares traded, while the 50-day average volume stands at 1,996,190.
CUK stock has decreased by -13.17% in the last month. The company shares reached their 1-month lowest point of $13.91 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 $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 99.86% or $7.18 in price. In spite of this, the price is down -18.68% 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 186 days ago on Feb 21.
Valuation Metrics
Carnival Corporation & plc (CUK) stock’s beta is 2.45. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.15, the price-to-book (PB) ratio at 3.10.
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. 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 25 August was 37.90%, suggesting the stock is Neutral, with historical volatility in this time frame at 35.35%.
As of today, CUK’s price is $14.36 +1.48% or $0.21 from its 5-day moving average. CUK is currently trading -14.67% lower than its 20-day SMA and +60.02% higher than its 100-day SMA. However, the stock’s current price level is +2.79% above the SMA50 and +83.52% above the SMA200.
The stochastic %K and %D were 20.67% and 19.25%, respectively, and the average true range (ATR) was 0.49. With the 14-day stochastic at 17.83% and the average true range at 0.52, the RSI (14) stands at 40.78%. The stock has reached 0.00 on the 9-day MACD Oscillator while the 14-day reading was at -0.43.
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. The consensus rating for Carnival Corporation & plc (CUK) among analysts is Overweight. According to current brokerage recommendations, 4 brokerage firms advise that investors sell CUK, 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 CUK’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 (CUK) stock is $17.38.
