Carnival Corp. (NYSE:CCL) traded at $15.53 at last check on Monday, April 08, made an upward move of 2.71% on its previous day’s price.
Looking at the stock we see that its previous close was $15.12 and the beta (5Y monthly) reads 2.55. The company has a trailing 12-month PE ratio of 60.43. In terms of its 52-week price range, CCL has a high of $19.74 and a low of $8.70. The company’s stock has lost about -0.83% over that past 30 days.
Carnival Corp. has a market cap of $19.63 billion and is expected to release its quarterly earnings report on Jun 24, 2024 – Jun 28, 2024. Estimates by analysts give the company expected earnings per share (EPS) of -$0.02, with the EPS growth for the year raised at $1 for 2024 and $1.42 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $5.66 billion, with a low of $5.42 billion and a high of $5.73 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $24.59 billion, or 13.90% up from figures reported last year.
There have been 2 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CCL stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of Hold.
Looking further, we note the current price level is -4.75% off its SMA20 and -2.60% from its 50-day simple moving average. The RSI (14) is pointing at 43.14 while the volatility over the past week is 3.37% and jumps to 3.67% over the past one month. The beta value is 2.55, while the average true range (ATR) is currently pointing at 0.61.
Coming back to Carnival Corp. (NYSE:CCL), we note that the average 3-month trading volume was 32.53 million, while that of the preceding 10-day period stands at 45.95 million. Current shares outstanding are 1.12 billion.
The insiders hold 25.29% of the company’s shares while institutions hold 49.27%. The data shows that short shares as of Mar 15, 2024, stood at 92.5 million at a short ratio of 3.23. This represents a 7.30% short interest in shares outstanding on Mar 15, 2024. Shares short fall in March from the previous month at 92.94 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -16.24% down in year-to-date price movement.
