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.
Elon Musk just Triggered a BOOM in These Stocks
Something strange is happening in the stock market…. This select group of stocks are going absolutely bananas. And it's all because of Elon Musk. Get your copy of "Top 5 Tech Stocks to Buy in 2024"
Click Here to Download the FREE Report.
Sponsored
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.