Carnival Corp. (NYSE:CCL) price on Wednesday, April 17, rose 1.58% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $14.12.
A look at the stock’s price movement, the close in the last trading session was $13.90. The beta value (5-Year monthly) was 2.55 while the PE ratio in trailing twelve months stood at 54.94. Turning to its 52-week performance, $19.74 and $8.70 were the 52-week high and 52-week low respectively. Overall, CCL moved -12.79% over the past month.
Carnival Corp.’s market cap currently stands at around $17.89 billion, with investors looking forward to this quarter’s earnings report slated for Jun 24, 2024 – Jun 28, 2024.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that CCL is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
CCL’s current price about -10.45% and -10.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 32.87, while 7-day volatility ratio is 3.35% and 3.68% in the 30-day chart. Further, Carnival Corp. (CCL) has a beta value of 2.56, and an average true range (ATR) of 0.59.
If we refocus on Carnival Corp. (NYSE:CCL), historical trading data shows that trading volumes averaged 32.96 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.12 billion shares.
The 25.26% of Carnival Corp.’s shares are in the hands of company insiders while institutional holders own 49.25% of the company’s shares. Current price change has pushed the stock -23.84% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CCL stock continues to rise going into the next quarter.
