A new trading day began on November 20, 2023, with Carnival Corp. (NYSE: CCL) stock priced at $14.75, down -1.49% from the previous day of trading. During the day, the shares moved up to $14.9999 and dropped to $14.55 before settling in for the closing price of $14.79. CCL’s price has ranged from $7.53 to $19.55 over the past 52 weeks.
During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 83.37%. Meanwhile, its annual earnings per share averaged 98.11%. With a float of $983.60 million, this company’s outstanding shares have now reached $1.11 billion.
In terms of profitability, gross margin is -11.70, operating margin of -32.19, and the pretax margin is -49.97.
Carnival Corp. (CCL) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Travel Services Industry. The insider ownership of Carnival Corp. is 22.29%, while institutional ownership is 47.68%. The most recent insider transaction that took place on Oct 19, was worth 1,150,000. In this transaction Director of this company bought 100,000 shares at a rate of $11.50, taking the stock ownership to the 378,368 shares. Before that another transaction happened on Oct 10, when Company’s Director bought 350,000 for $12.99, making the entire transaction worth $4,544,785. This insider now owns 961,238 shares in total.
Carnival Corp. (CCL) Earnings and Forecasts
In its latest quarterly report, released on 8/30/2023, the company reported earnings of $0.86 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -50.07 while generating a return on equity of -63.44. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 98.11% per share during the next fiscal year.
Carnival Corp. (NYSE: CCL) Trading Performance Indicators
Here are Carnival Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.35, a number that is poised to hit -0.14 in the next quarter and is forecasted to reach 0.93 in one year’s time.
Technical Analysis of Carnival Corp. (CCL)
Looking closely at Carnival Corp. (NYSE: CCL), its last 5-days average volume was 34.72 million, which is a drop from its year-to-date volume of 35.91 million. As of the previous 9 days, the stock’s Stochastic %D was 91.97%. Additionally, its Average True Range was 0.59.
During the past 100 days, Carnival Corp.’s (CCL) raw stochastic average was set at 42.82%, which indicates a significant decrease from 88.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.71% in the past 14 days, which was higher than the 44.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.12, while its 200-day Moving Average is $13.13. However, in the short run, Carnival Corp.’s stock first resistance to watch stands at $14.86. Second resistance stands at $15.16. The third major resistance level sits at $15.31. If the price goes on to break the first support level at $14.41, it is likely to go to the next support level at $14.26. Should the price break the second support level, the third support level stands at $13.96.
Carnival Corp. (NYSE: CCL) Key Stats
With a market capitalization of 18.44 billion, the company has a total of 1,119,445K Shares Outstanding. Currently, annual sales are 12,168 M while annual income is -6,094 M. The company’s previous quarter sales were 6,854 M while its latest quarter income was 1,056 M.