Why Have Carnival plc ADR (NYSE: CUK) Shares Declined So Much?

Carnival plc ADR (NYSE:CUK) price is hovering higher on Wednesday, April 17, jumping 1.07% above its previous close.

A look at today’s price movement shows that the recent level at last check reads $12.56. The company’s P/E ratio in the trailing 12-month period read 49.40. Taking into account the 52-week price action we note that the stock hit a 52-week high of $17.95 and 52-week low of $7.83. The stock subtracted -13.52% on its value in the past month.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give CUK a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 3.69. The overview shows that CUK’s price is at present -10.91% off the SMA20 and -11.01% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 31.53, with weekly volatility standing at 3.41%. The indicator jumps to 3.54% when calculated based on the past 30 days. Carnival plc ADR (NYSE:CUK)’s beta value is holding at 2.61, while the average true range (ATR) indicator is currently reading 0.52.

An analysis of the Carnival plc ADR (NYSE:CUK) stock in terms of its daily trading volume indicates that the 3-month average is 2.21 million.

Current records show that the company has 144.80M in outstanding shares. The insiders’ percentage holdings are 0.01% of outstanding shares while the percentage share held by institutions stands at 24.76%. But the -24.70% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.

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