The stock of Carnival Corp (NYSE: CCL) has decreased by -1.40 when compared to last closing price of 25.35. Despite this, the company has experienced a 2.82% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-19 that The Leisure & Recreation Services industry gains from macroeconomic tailwinds, particularly the Federal Reserve’s interest rate reduction. Stocks like RCL, CCL, NCLH and CNK are better positioned to gain from the industry trends.
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 22.26x. The 36-month beta value for CCL is also noteworthy at 2.68. There are mixed opinions on the stock, with 17 analysts rating it as a “buy,” 9 rating it as “overweight,” 9 rating it as “hold,” and 2 rating it as “sell.”
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The public float for CCL is 998.28M, and at present, short sellers hold a 6.30% of that float. The average trading volume of CCL on November 22, 2024 was 27.22M shares.
CCL’s Market Performance
CCL stock saw an increase of 2.82% in the past week, with a monthly gain of 19.54% and a quarterly increase of 50.57%. The volatility ratio for the week is 3.06%, and the volatility levels for the last 30 days are 3.02% for Carnival Corp (CCL). The simple moving average for the past 20 days is 5.50% for CCL’s stock, with a 44.75% 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 18.16% 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 -2.36% of loss for the given period.
Volatility was left at 3.02%, however, over the last 30 days, the volatility rate increased by 3.06%, as shares surge +19.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +44.61% upper at present.
During the last 5 trading sessions, CCL rose by +2.67%, which changed the moving average for the period of 200-days by +59.08% in comparison to the 20-day moving average, which settled at $23.69. In addition, Carnival Corp saw 34.82% 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 BAND SIR JONATHON, who sale 17,500 shares at the price of $21.72 back on Oct 29 ’24. After this action, BAND SIR JONATHON now owns 65,789 shares of Carnival Corp, valued at $380,100 using the latest closing price.
BAND SIR JONATHON, the Director of Carnival Corp, proposed sale 17,500 shares at $20.91 during a trade that took place back on Oct 29 ’24, which means that BAND SIR JONATHON is holding shares at $365,925 based on the most recent closing price.
Stock Fundamentals for CCL
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.32 for the gross margin
The net margin for Carnival Corp stands at 0.06. The total capital return value is set at 0.09. Equity return is now at value 20.12, with 3.14 for asset returns.
Based on Carnival Corp (CCL), the company’s capital structure generated 0.77 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 3.38. The interest coverage ratio of the stock is 1.87.
Currently, EBITDA for the company is 4.35 billion with net debt to EBITDA at 4.92. When we switch over and look at the enterprise to sales, we see a ratio of 2.45. The receivables turnover for the company is 38.73for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.27.
Conclusion
In summary, Carnival Corp (CCL) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
