Carnival Corp. (NYSE: CCL) has experienced a rise in its stock price by 0.36 compared to its previous closing price of 16.54. However, the company has seen a fall of -0.06% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-30 that The 200-day Simple Moving Average is an important technical indicator that can signal potential bullish sentiment and breakout opportunities for stocks. The 200-day SMA can also act as support or resistance levels for stocks, and can help signal potential entry and exit points for traders. SA Quant has identified 3 stocks trading near their 200-day SMAs, backed by solid fundamentals, including value, and Quant strong buy recommendations.
Is It Worth Investing in Carnival Corp. (NYSE: CCL) Right Now?
Carnival Corp. (NYSE: CCL) has a higher price-to-earnings ratio of 25.48x compared to its average ratio, The 36-month beta value for CCL is at 2.69. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 9 rating it as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for CCL is 998.01M, and currently, shorts hold a 8.40% of that float. The average trading volume for CCL on August 30, 2024 was 29.11M shares.
CCL’s Market Performance
CCL stock saw an increase of -0.06% in the past week, with a monthly gain of 5.33% and a quarterly increase of 10.08%. The volatility ratio for the week is 4.15%, and the volatility levels for the last 30 days are 3.82% for Carnival Corp. (CCL). The simple moving average for the past 20 days is 7.89% for CCL’s stock, with a 2.74% 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 -1.03% 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 -15.91% of loss for the given period.
Volatility was left at 3.82%, however, over the last 30 days, the volatility rate increased by 4.15%, as shares surge +12.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.39% upper at present.
During the last 5 trading sessions, CCL fell by -0.03%, which changed the moving average for the period of 200-days by +29.92% in comparison to the 20-day moving average, which settled at $15.48. In addition, Carnival Corp. saw -10.46% 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:
- 0.12 for the present operating margin
- 0.3 for the gross margin
The net margin for Carnival Corp. stands at 0.04. The total capital return value is set at 0.08. Equity return is now at value 14.26, with 1.78 for asset returns.
Based on Carnival Corp. (CCL), the company’s capital structure generated 0.81 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 4.33. The interest coverage ratio of the stock is 1.49.
Currently, EBITDA for the company is 4.49 billion with net debt to EBITDA at 5.4. When we switch over and look at the enterprise to sales, we see a ratio of 2.11. The receivables turnover for the company is 47.44for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.25.
Conclusion
In conclusion, Carnival Corp. (CCL) has had a mixed 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.
