Carnival Corp. (NYSE:CCL) traded at $18.85 at last check on current trade day and made a downward move of -0.79% on its previous day’s price.
Looking at the stock we see that its previous close was $19.00 and the beta (5Y monthly) reads 2.693 with the day’s price range being $18.72 – $19.02. The company has a trailing 12-month PE ratio of 28.93. In terms of its 52-week price range, CCL has a high of $19.74 and a low of $10.84. The company’s stock has gained about 22.01% over that past 30 days.
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Carnival Corp. has a market cap of $23.89 billion and is expected to release its quarterly earnings report on 2024-Sep-30. Estimates by analysts give the company expected earnings per share (EPS) of 1.16, with the EPS growth for the year raised at 1.21 for current year and 1.21 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 7.82B, with a low of 7.68B and a high of 7.94B. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 24.88B, or 15.20% up from figures reported last year.
On the other hand, looking at the outlook for the CCL stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 25 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the Carnival Corp. (CCL) stock as a Hold, while 20 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 11.18% off its SMA20 and 13.41% from its 50-day simple moving average. The RSI (14) is pointing at 72.05 while the volatility over the past week is 2.78% and jumps to 3.51% over the past one month. The beta value is 2.69, while the average true range (ATR) is currently pointing at 0.58. The average price target for the stock over the next 12 months is $22, with the estimates having a low of $13.5 and a high of $38. These price ends are 28.38% and -101.59% off the today’s price level respectively, although investors could be excited at the prospect of a -16.71% if the CCL share price touches on the median price of $22.
Coming back to Carnival Corp. (NYSE:CCL), we note that the average 3-month trading volume was 28.19 million, while that of the preceding 10-day period stands at 26.78 million. Current shares outstanding are 1.12 billion.
The insiders hold 21.23% of the company’s shares while institutions hold 55.67%. The data shows that short shares as of 2024-08-30, stood at 84.64 million at a short ratio of 3.16. This represents a 954.00 short interest in shares outstanding on 2024-08-30. Shares short rose in August from the previous month at 82.4 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 1.67% up in year-to-date price movement.
