Carnival Corp (NYSE:CCL) shares, rose in value, with the stock price down by -0.72% to the previous day’s close as strong demand from buyers drove the stock to $22.00.
Actively observing the price movement in the last trading, the stock closed the session at $22.16, falling within a range of $21.91 and $23.05. The value of beta (5-year monthly) was 2.697 whereas the PE ratio was 19.59 over 12-month period. Referring to stock’s 52-week performance, its high was $22.39, and the low was $11.10. On the whole, CCL has fluctuated by 24.22% over the past month.
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With the market capitalization of Carnival Corp currently standing at about $27.54 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 25B, with a low estimate of 5.81B and a high estimate of 6.06B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.92B.
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% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of CCL currently trading nearly 5.89% and 17.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.59, while the 7-day volatility ratio is showing 3.52% which for the 30-day chart, stands at 3.38%. Furthermore, Carnival Corp (CCL)’s beta value is 2.70, and its average true range (ATR) is 0.75.
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 -0.72% in last session, and over the past year, it grew by 91.97%%.
Data on historical trading for Carnival Corp (NYSE:CCL) indicates that the trading volumes over the past 10 days have averaged 21.93 and over the past 3 months, they’ve averaged 28.43 million. According to company’s latest data on outstanding shares, there are 1.12 billion shares outstanding.
Nearly 21.23% of Carnival Corp’s shares belong to company insiders and institutional investors own 55.85% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 66.96 million shares as on 2024-10-15, resulting in a short ratio of 1.86. According to the data, the short interest in Carnival Corp (CCL) stood at 729.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 84.7 million. The stock has risen by 18.66% 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.
