Carnival plc ADR (NYSE:CUK) shares, rose in value, with the stock price up by 0.22% to the previous day’s close as strong demand from buyers drove the stock to $13.66.
Actively observing the price movement in the last trading, the stock closed the session at $13.63. The value of beta (5-year monthly) was 2.55 whereas the PE ratio was 53.15 over 12-month period. Referring to stock’s 52-week performance, its high was $17.95, and the low was $7.83. On the whole, CUK has fluctuated by -6.05% over the past month.
As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0 for fiscal year $0.9 and then to about $1.37 by fiscal year 2025.
Analysts have estimated the company’s revenue for the quarter at $23.73 billion, with a low estimate of $23.73 billion and a high estimate of $23.73 billion. According to the average forecast, sales growth in current quarter could jump up 9.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $23.73 billion, representing an increase of 9.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CUK’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.97, with the price of CUK currently trading nearly -7.62% and -5.94% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.57, while the 7-day volatility ratio is showing 3.11% which for the 30-day chart, stands at 3.49%. Furthermore, Carnival plc ADR (CUK)’s beta value is 2.60, and its average true range (ATR) is 0.55.
A comparison of Carnival plc ADR (CUK) with its peers suggests the former has fared considerably weaker in the market. CUK showed an intraday change of 0.22% in last session, and over the past year, it grew by 53.66%%.
Data on historical trading for Carnival plc ADR (NYSE:CUK) indicates that the trading volumes over the past 10 days have averaged 3.07 million and over the past 3 months, they’ve averaged 2.17 million. According to company’s latest data on outstanding shares, there are 144.80 million shares outstanding.
Nearly 0.01% of Carnival plc ADR’s shares belong to company insiders and institutional investors own 24.74% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.92 million shares as on Mar 15, 2024, resulting in a short ratio of 0.19. According to the data, the short interest in Carnival plc ADR (CUK) stood at 0.03% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.93 million. The stock has fallen by -18.98% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CUK stock heading into the next quarter.
