Carnival Corp. (NYSE:CCL) saw a downside of -1.07% to close Monday at $13.90 after subtracting -$0.15 on the day. The 5-day average trading volume is 23,931,961 shares of the company’s common stock. It has gained $15.58 in the past week and touched a new high 1 time within the past 5 days. An average of 21,076,266 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 24,747,904.
CCL’s 1-month performance is -11.52% or -$2.00 on its low of $13.38 reached on 09/25/23. The company’s shares have touched a 52-week low of $6.11 and high of $19.55, with the stock’s rally to the 52-week high happening on 07/05/23. YTD, CCL has achieved 72.46% or $5.84 and has reached a new high 28 times. However, the current price is down -28.90% from the 52-week high price.
Insider Transactions
CCL stock investors last saw insider trading activity on Feb 21.Bernstein David (CFO & CAO) most recently sold 107,119 shares at $11.08 per share on Feb 21. This transaction cost the insider $1,186,696.
Valuation Metrics
CCL stock has a beta of 2.41. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.01 while the price-to-book (PB) in the most recent quarter is 3.00.
Carnival Corp.’s quick ratio for the period ended May 30 was 0.49, with the current ratio over the same period at 0.52. As well, the company’s long term debt to equity for the quarter ending May 30 was 5.65, while the total debt to equity was 5.98. In terms of profitability, the gross margin trailing 12 months is 10.18%. The trailing 12-month EBITDA margin is -12.28% while for the period ending May 30, Carnival Corp.’s operating margin was -5.80%. The firm’s gross profit as reported stood at $851.0 million against revenue of $12.17 billion.
Earnings Surprise
For the quarterly period ending May 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -350.61% to -$407.0 million, while revenue of -$693.0 million was -70.27% off the previous quarter. Analysts expected CCL to announce -$0.34 per share in earnings in its latest quarter, but it posted -$0.31, representing a 8.80% surprise. EBITDA for the quarter stood at more than $758.0 million. CCL stock balance sheet for the quarter ending May 30 shows that total liabilities totaled 46.01 billion, with total debt at $35.12 billion. Shareholders hold equity totaling $1.31 billion.
Let’s look briefly at Carnival Corp. (CCL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 22.45% to suggest the stock is trending oversold, with historical volatility in this time period at 33.95%.
The stock’s 5-day moving average is $14.43, reflecting a -7.58% or -$1.14 change from its current price. CCL is currently trading -12.58% above its 20-day SMA, +47.09% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -19.33% and SMA200 by+49.46%.
Stochastic %K and %D was 11.33% and 7.93% and the average true range (ATR) pointed at 0.55. The RSI (14) points at 28.50%, while the 14-day stochastic is at 21.67% with the period’s ATR at 0.55. The stock’s 9-day MACD Oscillator is pointing at -0.65 and -0.87 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Carnival Corp. (NYSE: CCL), Truist upgraded it to a Hold rating. They previously had a Sell rating on the stock. Analysts offering their rating for CCL stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate CCL as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 12 have offered a “buy” rating.
What is CCL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $9.21 and a high of $25.00, with their median price target at $19.50. Looking at these predictions, the average price target given by analysts is for Carnival Corp. (CCL) stock is $18.78.
