As of Wednesday close, Carnival Corporation & plc’s (NYSE:CCL) stock was down -$0.44, moving down -2.92 percent to $14.65. The average number of shares traded per day over the past five days has been 22,879,879 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.37 fall in that time frame. In the last twenty days, the average volume was 20,915,725, while in the previous 50 days, it was 26,210,998.
Since last month, CCL stock retreated -6.75%. Shares of the company fell to $14.64 on 09/20/23, the lowest level in the past month. A 52-week high of $19.55 was reached on 07/05/23 after having rallying from a 52-week low of $6.11. Since the beginning of this year, CCL’s stock price has risen by 81.76% or $6.59, and marked a new high 28 times. However, the stock has declined by -25.06% since its 52-week high.
CCL stock investors should be aware that Carnival Corporation & plc (CCL) stock had its last reported insider trading activity 212 days ago on Feb 21. Bernstein David, the CFO & CAO of the company, disposed of 107,119 shares for $11.08 on Feb 21. It resulted in a $1,186,696 divestment by the insider.
Valuation Metrics
The stock’s beta is 2.41. Besides these, the trailing price-to-sales (P/S) ratio of 1.08, the price-to-book (PB) ratio of 3.16.
The latest dividend of $0.50 per share was paid out, remained unchanged from last year’s $0.50. On Wednesday April 11 2018, a $0.05 dividend increase was announced.
Financial Health
In the three months ended May 31, Carnival Corporation & plc’s quick ratio stood at 0.50, while its current ratio was 0.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending May 31 was 5.44, and the total debt-to-equity ratio was 5.75. On the profitability front, the trailing twelve-month gross margin is 42.00% percent. In the year ended May 31, EBITDA margin amounted to -12.28%, whereas operating margins totaled -8.60%. Based on annual data, CCL earned $851.0 million in gross profit and brought in $12.17 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -10.60%. Return on equity (ROE) for the past 12 months was -50.50%.
In Carnival Corporation & plc’s quarter-end financial report for May 31, it reported total debt of $31.92 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CCL’s revenue rose 51.11% to $4.43 billion during the quarter, while net income inched up to $4.91 billion. While analysts expected Carnival Corporation & plc to report -$0.34 quarterly earnings, the actual figure was -$0.31 per share, beating the consensus estimate by 8.80%. During the quarter, the company generated $758.0 million in EBITDA. The liabilities of Carnival Corporation & plc were 46.01 billion at the end of its most recent quarter ended May 31, and its total debt was $35.12 billion. The value of shareholders’ equity is $1.31 billion.
Technical Picture
This quick technical analysis looks at Carnival Corporation & plc’s (CCL) price momentum. With a historical volatility rate of 33.98%, the RSI 9-day stood at 31.51% on 20 September.
With respect to its five-day moving average, the current Carnival Corporation & plc price is down by -2.46% percent or -$0.37. At present, CCL shares trade -6.45% below its 20-day simple moving average and +64.61% percent above its 100-day simple moving average. However, the stock is currently trading approximately -22.49% below its SMA50 and +46.94% above its SMA200.
Stochastic coefficient K was 7.67% and Stochastic coefficient D was 16.53%, while ATR was 0.53. Given the Stochastic reading of 1.05% for the 14-day period, the RSI (14) reading has been calculated as 35.05%. As of today, the MACD Oscillator reading stands at -0.28, while the 14-day reading stands at -0.40.
Analyst Ratings
Truist upgraded its rating on Carnival Corporation & plc (NYSE: CCL) to a Hold in a note to investors on September 19, 2023. The analysts firm previously had a Sell rating on the stock.Carnival Corporation & plc (CCL) has been rated Overweight by analysts. According to 2 brokerage firms, CCL is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Carnival Corporation & plc stock as buy, with 12 recommending it as overweight.
With a median target price of $19.50, the current consensus forecast for the stock is $9.21 – $25.00. Based on these forecasts, analysts predict Carnival Corporation & plc (CCL) will achieve an average price target of $18.85.
