The stock of Carnival Corporation & plc (NYSE:CUK) decreased by -$0.05 on Wednesday to $14.46, down -0.34 percent. The last five days have seen an average of 1,003,331 shares of common stock traded. 28 times new highs were reached in the current year, with a gain of $7.26. The average number of shares traded over the last 20 days was 1,203,768, while the average volume over the last 50 days totaled 1,933,037.
CUK stock dropped -11.34% since last month. On 08/18/23, the company’s shares reached a one-month low of $13.91. The stock touched a high of $17.67 on 07/05/23, after rallying from a low of $5.43 in 52 weeks. The price of CUK stock has risen by 101.11% or $7.26 this year, reaching a new high 28 times. Still, the stock price is down -18.17% from the 52-week high.
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Insider Transactions
CUK stock investors should be aware that Carnival Corporation & plc (CUK) stock had its last reported insider trading activity 190 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 2.46. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.13, the price-to-book (PB) ratio of 3.12.
Company paid $0.50 per share in dividends, remained unchanged from $0.50 last year.
Financial Health
For the recent quarter, 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 recent quarter 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 23.50% percent. Carnival Corporation & plc’s operating margin stood at -8.70% for the same period. Based on annual data, it had gross profit of $411.0 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. CUK’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
A higher net income was reported in the quarter under review than the previous quarter. EBITDA was $717.0 million for the quarter. At the end of Carnival Corporation & plc’s most recent quarter, 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 (CUK) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 42.02%, suggesting the stock is Neutral, with a 34.18% historical volatility rate.
The stochastic %K and %D were 24.04% and 19.15% respectively, while the average true range (ATR) was 0.47. Based on the 14-day stochastic reading of 32.34%, the RSI (14) reading is 42.90%. On the 9-day MACD Oscillator, the stock is at 0.05, and the 14-day reading is at -0.15.
Analyst Ratings
In its most recent analyst report, Berenberg raised its rating on Carnival Corporation & plc (NYSE: CUK) to a Hold. Prior to this, analysts firm rated the stock as a Sell. Analysts have assigned Carnival Corporation & plc (CUK) an Overweight rating. CUK 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 CUK’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 $18.00. In analyzing these forecasts, the average price target given by analysts for Carnival Corporation & plc (CUK) is $17.49.
