, and the 36-month beta value for CCL is at 2.50. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 3 rating it as “overweight,” 7 as “hold,” and 1 as “sell.”
The average price suggested by analysts for CCL is $17.08, which is $2.29 above the current market price. The public float for CCL is 983.60M, and currently, shorts hold a 12.15% of that float. The average trading volume for CCL on November 20, 2023 was 28.16M shares.
CCL) stock’s latest price update
The stock of Carnival Corp. (NYSE: CCL) has decreased by -0.14 when compared to last closing price of 14.81. Despite this, the company has experienced a 15.91% gain in its stock price over the last five trading sessions. The Motley Fool reported 2023-11-17 that Inflation was cooler than expected in October. Carnival shares reacted positively to the economic news, as the company has significant interest expenses and the travel industry is cyclical.
CCL’s Market Performance
CCL’s stock has risen by 15.91% in the past week, with a monthly rise of 29.85% and a quarterly drop of -5.86%. The volatility ratio for the week is 3.58% while the volatility levels for the last 30 days are 4.22% for Carnival Corp. The simple moving average for the last 20 days is 20.75% for CCL stock, with a simple moving average of 12.89% for the last 200 days.
CCL Trading at 12.52% from the 50-Day Moving Average
After a stumble in the market that brought CCL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.35% of loss for the given period.
Volatility was left at 4.22%, however, over the last 30 days, the volatility rate increased by 3.58%, as shares surge +34.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.33% lower at present.
During the last 5 trading sessions, CCL rose by +15.91%, which changed the moving average for the period of 200-days by +22.84% in comparison to the 20-day moving average, which settled at $12.44. In addition, Carnival Corp. saw 83.50% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at CCL starting from WEISENBURGER RANDALL J, who purchase 100,000 shares at the price of $11.50 back on Oct 19. After this action, WEISENBURGER RANDALL J now owns 378,368 shares of Carnival Corp., valued at $1,150,000 using the latest closing price.
WEISENBURGER RANDALL J, the Director of Carnival Corp., purchase 350,000 shares at $12.99 during a trade that took place back on Oct 10, which means that WEISENBURGER RANDALL J is holding 961,238 shares at $4,544,785 based on the most recent closing price.
Stock Fundamentals for CCL
Current profitability levels for the company are sitting at:
- -32.19 for the present operating margin
- -11.70 for the gross margin
The net margin for Carnival Corp. stands at -50.07. The total capital return value is set at -8.73, while invested capital returns managed to touch -14.84. Equity return is now at value -21.17, with -3.19 for asset returns.
Based on Carnival Corp. (CCL), the company’s capital structure generated 507.87 points at debt to equity in total, while total debt to capital is 83.55. Total debt to assets is 69.40, with long-term debt to equity ratio resting at 469.10. Finally, the long-term debt to capital ratio is 77.17.
When we switch over and look at the enterprise to sales, we see a ratio of 2.42, with the company’s debt to enterprise value settled at 0.86. The receivables turnover for the company is 37.97 and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.71.
In conclusion, Carnival Corp. (CCL) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.