In the past week, CCL stock has gone up by 10.08%, with a monthly gain of 22.66% and a quarterly surge of 18.23%. The volatility ratio for the week is 2.78%, and the volatility levels for the last 30 days are 3.51% for Carnival Corp. The simple moving average for the past 20 days is 13.25% for CCL’s stock, with a 16.40% simple moving average for the past 200 days.
Is It Worth Investing in Carnival Corp. (NYSE: CCL) Right Now?
The price-to-earnings ratio for Carnival Corp. (NYSE: CCL) is above average at 29.16x, Company’s 36-month beta value is 2.69.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 9 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for CCL is 998.28M, and currently, short sellers hold a 8.48% ratio of that floaft. The average trading volume of CCL on September 23, 2024 was 27.95M shares.
CCL) stock’s latest price update
The stock of Carnival Corp. (NYSE: CCL) has increased by 1.28 when compared to last closing price of 18.76. Despite this, the company has experienced a 10.08% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-20 that CCL is likely to continue reporting robust performance metrics ahead, thanks to the raised FY2024 guidance and promising FY2025 commentary. The same has been observed in its travel/cruising peers and the Cruise Lines International Association, with the ocean-going cruise passengers to grow at a CAGR of +5.59% through 2028. Thanks to the 50 basis point rate cut, a lower borrowing cost is likely to trigger the improvement in market and consumer sentiments/ spending trends.
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 14.43% 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 -3.75% of loss for the given period.
Volatility was left at 3.51%, however, over the last 30 days, the volatility rate increased by 2.78%, as shares surge +22.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.86% upper at present.
During the last 5 trading sessions, CCL rose by +10.08%, which changed the moving average for the period of 200-days by +16.21% in comparison to the 20-day moving average, which settled at $16.95. In addition, Carnival Corp. saw 2.48% in overturn over a single year, with a tendency to cut further gains.
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 2.25. 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 a nutshell, Carnival Corp. (CCL) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
