Carnival Corp. (NYSE: CCL) is -13.27% lower on its value in year-to-date trading and has touched a low of $8.52 and a high of $19.74 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CCL stock was last observed hovering at around $16.19 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $16.08, the stock is 1.87% and -0.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 21.49 million and changing -0.68% at the moment leaves the stock 2.78% off its SMA200. CCL registered 88.07% gain for a year compared to 6-month loss of 6.91%. The firm has a 50-day simple moving average (SMA 50) of $2.34 and a 200-day simple moving average (SMA200) of $11.57.
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The stock witnessed a 8.65% gain in the last 1 month and extending the period to 3 months gives it a -13.59%, and is -0.99% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.74% over the week and 3.15% over the month.
Fwd P/E is 11.64. Profit margin for the company is -0.34%. Distance from 52-week low is 88.73% and -18.54% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.20%).
Carnival Corp. quarterly earnings per share for the current quarter are estimated at -$0.18 with sales reaching $5.42B over the same period., but quarterly earnings will post 14.30% year-over-year.
Carnival Corp. (CCL) Top Institutional Holders
1,093 institutions hold shares in Carnival Corp. (CCL), with institutional investors hold 65.69% of the company’s shares. The shares outstanding are 1.12B, and float is at 978.71M with Short Float at 9.66%. Institutions hold 60.53% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 113.24 million shares valued at $2.13 billion. The investor’s holdings represent 10.12% of the CCL Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 62.84 million shares valued at $1.18 billion to account for 5.61% of the shares outstanding. The other top investors are Public Investment Fund which holds 50.83 million shares representing 4.54% and valued at over $957.15 million, while State Street Corporation holds 3.39% of the shares totaling 37.91 million with a market value of $713.91 million.
Carnival Corp. (CCL) Insider Activity
The most recent transaction is an insider sale by Bernstein David,the company’sCFO & CAO. SEC filings show that Bernstein David sold 153,995 shares of the company’s common stock on Feb 15 ’24 at a price of $15.37 per share for a total of $2.37 million. Following the sale, the insider now owns 0.18 million shares.
Carnival Corp. disclosed in a document filed with the SEC on Jan 19 ’24 that Bernstein David (CFO & CAO) sold a total of 34,020 shares of the company’s common stock. The trade occurred on Jan 19 ’24 and was made at $17.05 per share for $0.58 million. Following the transaction, the insider now directly holds 0.34 million shares of the CCL stock.
Still, SEC filings show that on Oct 19 ’23, WEISENBURGER RANDALL J (Director) acquired 100,000 shares at an average price of $11.50 for $1.15 million. The insider now directly holds 378,368 shares of Carnival Corp. (CCL).
