Carnival Corp (NYSE:CCL) price on Tuesday, December 24, rose 0.23% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $25.79.
A look at the stock’s price movement, the close in the last trading session was $25.73, moving within a range at $25.42 and $26.05. The beta value (5-Year monthly) was 2.668 while the PE ratio in trailing twelve months stood at 18.54. Turning to its 52-week performance, $27.17 and $13.78 were the 52-week high and 52-week low respectively. Overall, CCL moved 3.57% over the past month.
Carnival Corp’s market cap currently stands at around $32.39 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 5.75B for the company’s revenue for the quarter, with a low and high estimate of 5.69B and 5.83B respectively. The average forecast suggests up to a 6.32% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 26.08B, representing a 4.25% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CCL is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
25 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 20 recommend CCL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CCL’s current price about -0.37% and 6.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.90, while 7-day volatility ratio is 4.73% and 3.11% in the 30-day chart. Further, Carnival Corp (CCL) has a beta value of 2.66, and an average true range (ATR) of 0.90. Analysts have given the company’s stock an average 52-week price target of $25, forecast between a low of $16.5 and high of $29. Looking at the price targets, the low is 36.02% off current price level while to achieve the yearly target high, price needs to move -12.45%. Nonetheless, investors will most likely welcome a 3.06% jump to $25 which is the analysts’ median price.
If we refocus on Carnival Corp (NYSE:CCL), historical trading data shows that trading volumes averaged 22.75 over the past 10 days and 25.96 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.16 billion shares.
The 21.23% of Carnival Corp’s shares are in the hands of company insiders while institutional holders own 56.43% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 66.94 million on 2024-11-29, giving us a short ratio of 3.02. The data shows that as of 2024-11-29 short interest in Carnival Corp (CCL) stood at 729.0000000000001 of shares outstanding, with shares short rising to 62.93 million registered in 2024-10-31. Current price change has pushed the stock 39.10% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CCL stock continues to rise going into the next quarter.
