The stock of Carnival Corp. (NYSE: CCL) has decreased by -0.42 when compared to last closing price of 14.18. Despite this, the company has experienced a -1.67% fall in its stock price over the last five trading sessions. CNBC reported 2024-04-21 that Royal Caribbean is leading the $61 billion cruise industry’s comeback. This comes just a couple of years after a 15-month pandemic era shutdown led to questions about whether the industry could ever recover.
Is It Worth Investing in Carnival Corp. (NYSE: CCL) Right Now?
The price-to-earnings ratio for Carnival Corp. (NYSE: CCL) is 54.94x, which is above its average ratio. Moreover, the 36-month beta value for CCL is 2.55. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 9 as “overweight,” 9 as “hold,” and 1 as “sell.”
The public float for CCL is 946.60M and currently, short sellers hold a 10.15% of that float. On April 22, 2024, CCL’s average trading volume was 32.93M shares.
CCL’s Market Performance
CCL’s stock has seen a -1.67% decrease for the week, with a -16.20% drop in the past month and a -18.52% fall in the past quarter. The volatility ratio for the week is 2.96%, and the volatility levels for the past 30 days are at 3.57% for Carnival Corp. The simple moving average for the past 20 days is -9.12% for CCL’s stock, with a -10.09% simple moving average for the past 200 days.
Analysts’ Opinion of CCL
Many brokerage firms have already submitted their reports for CCL stocks, with Mizuho repeating the rating for CCL by listing it as a “Buy.” The predicted price for CCL in the upcoming period, according to Mizuho is $21 based on the research report published on March 26, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see CCL reach a price target of $20. The rating they have provided for CCL stocks is “Buy” according to the report published on March 13th, 2024.
Wells Fargo gave a rating of “Overweight” to CCL, setting the target price at $22 in the report published on January 05th of the current year.
CCL Trading at -9.72% 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 -28.47% of loss for the given period.
Volatility was left at 3.57%, however, over the last 30 days, the volatility rate increased by 2.96%, as shares sank -17.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.18% lower at present.
During the last 5 trading sessions, CCL fell by -1.67%, which changed the moving average for the period of 200-days by -26.50% in comparison to the 20-day moving average, which settled at $15.39. In addition, Carnival Corp. saw -23.84% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CCL starting from Bernstein David, who sale 153,995 shares at the price of $15.37 back on Feb 15 ’24. After this action, Bernstein David now owns 181,981 shares of Carnival Corp., valued at $2,367,088 using the latest closing price.
Bernstein David, the CFO & CAO of Carnival Corp., sale 34,020 shares at $17.05 during a trade that took place back on Jan 19 ’24, which means that Bernstein David is holding 335,976 shares at $579,891 based on the most recent closing price.
Stock Fundamentals for CCL
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.32 for the gross margin
The net margin for Carnival Corp. stands at 0.02. The total capital return value is set at 0.07. Equity return is now at value 6.30, with 0.80 for asset returns.
Based on Carnival Corp. (CCL), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 4.62. The interest coverage ratio of the stock is 1.23.
Currently, EBITDA for the company is 4.49 billion with net debt to EBITDA at 6.02. When we switch over and look at the enterprise to sales, we see a ratio of 2.1. The receivables turnover for the company is 35.04for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.36.
Conclusion
To wrap up, the performance of Carnival Corp. (CCL) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
