The trading price of Carnival Corp. (NYSE:CCL) closed lower on Friday, April 19, closing at $14.12, -0.42% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 54.94. In examining the 52-week price action we see that the stock hit a 52-week high of $19.74 and a 52-week low of $8.70. Over the past month, the stock has lost -16.20% in value.
Carnival Corp., whose market valuation is $17.89 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Carnival Corp. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest CCL has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that CCL’s price is currently -9.12% off the SMA20 and -9.72% off the SMA50. The RSI metric on the 14-day chart is currently showing 33.36, and weekly volatility stands at 2.96%. When measured over the past 30 days, the indicator reaches 3.57%. Carnival Corp. (NYSE:CCL)’s beta value is currently sitting at 2.55, while the Average True Range indicator is currently displaying 0.56.
To see how Carnival Corp. stock has been performing in comparison to its peers in the industry, here are the numbers: CCL stock’s performance was -0.42% in the latest trading, and 44.08% in the past year. Carnival Corp. has a P/E ratio of 54.94.
An evaluation of the daily trading volume of Carnival Corp. (NYSE:CCL) indicates that the 3-month average is 32.93 million.
Currently, records show that 1.12 billion of the company’s shares remain outstanding. The insiders hold 25.30% of outstanding shares, whereas institutions hold 49.29%. However, since the stock’s price has seen -23.84% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
