Carnival Corp. (NYSE:CCL) shares, rose in value, with the stock price up by 1.49% to the previous day’s close as strong demand from buyers drove the stock to $15.01.
Actively observing the price movement in the last trading, the stock closed the session at $14.79. The PE ratio was 58.40 over 12-month period. Referring to stock’s 52-week performance, its high was $19.74, and the low was $8.70. On the whole, CCL has fluctuated by -12.27% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 24.56B, with a low estimate of 5.42B and a high estimate of 5.74B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.67B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CCL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell 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 0, with the price of CCL currently trading nearly -0.83% and -3.59% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.23, while the 7-day volatility ratio is showing 2.64% which for the 30-day chart, stands at 3.64%. Furthermore, Carnival Corp. (CCL)’s beta value is 2.54, and its average true range (ATR) is 0.53.
A comparison of Carnival Corp. (CCL) with its peers suggests the former has fared considerably weaker in the market. CCL showed an intraday change of 1.49% in last session, and over the past year, it grew by 61.75%%.
Data on historical trading for Carnival Corp. (NYSE:CCL) indicates that the trading volumes over the past 3 months, they’ve averaged 32.35 million. According to company’s latest data on outstanding shares, there are 1.12 billion shares outstanding.
Nearly 25.30% of Carnival Corp.’s shares belong to company insiders and institutional investors own 49.28% of the company’s shares. The stock has fallen by -19.04% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CCL stock heading into the next quarter.
