Carnival plc ADR (NYSE: CUK) Rises 96.58% This Year: What’s Next

The trading price of Carnival plc ADR (NYSE:CUK) floating lower at last check on current market day and closing at $19.82, -0.63% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $19.45 and $19.97. The company’s P/E ratio in the trailing 12-month period was 17.64, while its 5Y monthly beta was 2.697. In examining the 52-week price action we see that the stock hit a 52-week high of $20.28 and a 52-week low of $10.05. Over the past month, the stock has gained 18.87% in value.

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Carnival plc ADR, whose market valuation is $2.87 billion at the time of this writing, is expected to release its quarterly earnings report in November. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 1.29 for current year and 1.68 for next year.

From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 24.95B.

On the technical side, indicators suggest CUK has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.32, which symbolizes a positive outlook. A quick review shows that CUK’s price is currently 7.05% off the SMA20 and 18.34% off the SMA50. The RSI metric on the 14-day chart is currently showing 68.23, and weekly volatility stands at 2.87%. When measured over the past 30 days, the indicator reaches 3.50%. Carnival plc ADR (NYSE:CUK)’s beta value is currently sitting at 2.75, while the Average True Range indicator is currently displaying 0.64.

To see how Carnival plc ADR stock has been performing today in comparison to its peers in the industry, here are the numbers: CUK stock’s performance was -0.63% at last check in today’s session, and 96.58% in the past year. Carnival plc ADR has a P/E ratio of 17.64.

An evaluation of the daily trading volume of Carnival plc ADR (NYSE:CUK) indicates that the 3-month average is 1.94 million. However, this figure has increased over the past 10 days to an average of 1.6.

Currently, records show that 144.81 million of the company’s shares remain outstanding. The insiders hold 0.01% of outstanding shares, whereas institutions hold 26.69%. The stats also highlight that short interest as of 2024-10-15, stood at 3.84 million shares, resulting in a short ratio of 2.35 at that time. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 4.44 million. However, since the stock’s price has seen 17.53% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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