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Carnival Corporation & plc (NYSE: CUK): A Great Stock To Watch

Carnival Corporation & plc (NYSE:CUK) shares, rose in value on Friday, August 05, with the stock price up by 1.91% to the previous day’s close as strong demand from buyers drove the stock to $9.07.

Actively observing the price movement in the recent trading, the stock is buoying the session at $8.90, falling within a range of $8.7201 and $9.04. The value of beta (5-year monthly) is 2.15. Referring to stock’s 52-week performance, its high was $24.89, and the low was $7.43. On the whole, CUK has fluctuated by 11.25% over the past month.

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With the market capitalization of Carnival Corporation & plc currently standing at about $11.81 billion, investors are eagerly awaiting this quarter’s results, scheduled for Dec 18, 2020 – Dec 22, 2020. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0 for fiscal year -$3.36 and then to about $1.15 by fiscal year 2023. Data indicates that the EPS growth is expected to be 52.40% in 2023, while the next year’s EPS growth is forecast to be 134.20%.

Analysts have estimated the company’s revenue for the quarter at $13.75 billion, with a low estimate of $13.75 billion and a high estimate of $13.75 billion. According to the average forecast, sales growth in current quarter could jump up 620.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $13.75 billion, representing an increase of 620.90% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CUK’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CUK currently trading nearly 8.40% and -3.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.52, while the 7-day volatility ratio is showing 5.71% which for the 30-day chart, stands at 5.90%. Furthermore, Carnival Corporation & plc (CUK)’s beta value is 2.13, and its average true range (ATR) is 0.59.

A comparison of Carnival Corporation & plc (CUK) with its peers suggests the former has fared considerably weaker in the market. CUK showed an intraday change of 1.91% in today’s session so far, and over the past year, it shrunk by -54.36%%. In comparison, Marriott International Inc. (MAR) has moved higher at 0.02% today and is up 15.24% over the past 12 months. On the other hand, the price of Carnival Corporation & plc (CCL) has risen 2.46% today. The stock, however, is off -53.66% from where it was a year ago. Additionally, there is a gain of 2.35% for Norwegian Cruise Line Holdings Ltd. (NCLH) in recent trading while the stock has seen an overall depriciation of -42.57%% over the past year. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it lost -0.21%. Meanwhile, the Dow Jones Industrial Slipped by -0.13%.

Data on historical trading for Carnival Corporation & plc (NYSE:CUK) indicates that the trading volumes over the past 10 days have averaged 2.96 million and over the past 3 months, they’ve averaged 3.42 million. According to company’s latest data on outstanding shares, there are 1.14 billion shares outstanding.

Nearly 0.10% of Carnival Corporation & plc’s shares belong to company insiders and institutional investors own 17.00% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.79 million shares as on Jul 14, 2022, resulting in a short ratio of 1.25. According to the data, the short interest in Carnival Corporation & plc (CUK) stood at 0.42% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 5.32 million. The stock has fallen by -51.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CUK stock heading into the next quarter.

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