Carnival Corp. (NYSE: CCL) is -0.32% lower on its value in year-to-date trading and has touched a low of $10.84 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 $18.54 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $18.48, the stock is 6.01% and 11.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 67.82 million and changing -0.32% at the moment leaves the stock 12.94% off its SMA200. CCL registered 27.98% gain for a year compared to 6-month gain of 13.65%. The firm has a 50-day simple moving average (SMA 50) of $16.6336 and a 200-day simple moving average (SMA200) of $16.3661.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 11.73% loss in the last 1 month and extending the period to 3 months gives it a 4.35%, and is -2.58% 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 4.06% over the week and 3.46% over the month.
Current P/E ratio is 28.36 and Fwd P/E is 11.44. Profit margin for the company is 3.86%. Distance from 52-week low is 70.48% and -6.38% from its 52-week high. The company has generated returns on investments over the last 12 months (2.57%).
with sales reaching $7.83B over the same period., but quarterly earnings will post 15.20% year-over-year.
Carnival Corp. (CCL) Top Institutional Holders
1175.0 institutions hold shares in Carnival Corp. (CCL), with institutional investors hold 68.93% of the company’s shares. The shares outstanding are 1.12B, and float is at 998.28M with Short Float at 8.48%. Institutions hold 63.52% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 113.84 million shares valued at $2.13 billion. The investor’s holdings represent 8.985% of the CCL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 68.77 million shares valued at $1.29 billion to account for 5.4275 of the shares outstanding. The other top investors are STATE STREET CORP which holds 39.12 million shares representing 3.088% and valued at over $732.41 million, while BESSEMER GROUP INC holds 2.7993 of the shares totaling 35.47 million with a market value of $663.95 million.
Carnival Corp. (CCL) Insider Activity
The most recent transaction is an insider sale by Bernstein David, the company’s CFO & 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).
