Carnival Corporation & plc [CCL] Is Currently 7.69 below its 200 Period Moving Avg: What Does This Mean?


Carnival Corporation & plc [NYSE: CCL] gained 7.69% or 1.02 points to close at $14.28 with a heavy trading volume of 40590249 shares. The company report on May 12, 2022 that Holland America Line’s Zaandam Returns to Service in Fort Lauderdale.

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Ship is the 10th in the fleet to restart since industry-wide pause in March 2020 .

Holland America Line’s Zaandam returned to service Thursday, May 12, 2022, at Port Everglades in Fort Lauderdale, Florida, leaving just one more ship until the cruise line’s full fleet is operational again. Zaandam embarked guests for a nine-day Atlantic Coast cruise to Montreal, Canada, that will position it in Canada/New England through October. Not only is this a return to service for Zaandam, but it also marks a return to cruising in the Canada/New England region after a two-year absence due to the COVID-19 pandemic.

It opened the trading session at $13.55, the shares rose to $14.50 and dropped to $13.55, the range by which the price of stock traded the whole day. The daily chart for CCL points out that the company has recorded -37.97% loss over the past six months. However, it is still -12.26% lower than its most recent low trading price.

If we look at the average trading volume of 37.96M shares, CCL reached to a volume of 40590249 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Carnival Corporation & plc [CCL]:

Wells Fargo have made an estimate for Carnival Corporation & plc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on March 30, 2022. The new note on the price target was released on March 25, 2022, representing the official price target for Carnival Corporation & plc stock. Previously, the target price had yet another raise to $24, while Jefferies analysts kept a Hold rating on CCL stock. On October 25, 2021, analysts decreased their price target for CCL shares from 34 to 24.50.

The Average True Range (ATR) for Carnival Corporation & plc is set at 1.06, with the Price to Sales ratio for CCL stock in the period of the last 12 months amounting to 4.27. The Price to Book ratio for the last quarter was 1.57, with the Price to Cash per share for the same quarter was set at 6.60.

Trading performance analysis for CCL stock

Carnival Corporation & plc [CCL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.30. With this latest performance, CCL shares dropped by -26.81% in over the last four-week period, additionally sinking by -37.97% over the last 6 months – not to mention a drop of -47.50% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CCL stock in for the last two-week period is set at 32.35, with the RSI for the last a single of trading hit 31.22, and the three-weeks RSI is set at 34.88 for Carnival Corporation & plc [CCL]. The present Moving Average for the last 50 days of trading for this stock 17.97, while it was recorded at 13.88 for the last single week of trading, and 20.91 for the last 200 days.

Carnival Corporation & plc [CCL]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Carnival Corporation & plc [CCL] shares currently have an operating margin of -328.14 and a Gross Margin at -230.03. Carnival Corporation & plc’s Net Margin is presently recorded at -497.96.

Return on Equity for this stock declined to -58.11, with Return on Assets sitting at -17.77.

Carnival Corporation & plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.70.

Carnival Corporation & plc [CCL]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CCL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Carnival Corporation & plc go to 9.95%.

An analysis of insider ownership at Carnival Corporation & plc [CCL]

There are presently around $7,496 million, or 53.80% of CCL stock, in the hands of institutional investors. The top three institutional holders of CCL stocks are: VANGUARD GROUP INC with ownership of 90,114,182, which is approximately 3.59% of the company’s market cap and around 0.20% of the total institutional ownership; PUBLIC INVESTMENT FUND, holding 50,830,926 shares of the stock with an approximate value of $725.87 million in CCL stocks shares; and BLACKROCK INC., currently with $724.47 million in CCL stock with ownership of nearly 2.152% of the company’s market capitalization.

Positions in Carnival Corporation & plc stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 318 institutional holders increased their position in Carnival Corporation & plc [NYSE:CCL] by around 34,023,193 shares. Additionally, 356 investors decreased positions by around 35,618,538 shares, while 179 investors held positions by with 455,279,961 shares. The mentioned changes placed institutional holdings at 524,921,692 shares, according to the latest SEC report filing. CCL stock had 73 new institutional investments in for a total of 3,231,951 shares, while 116 institutional investors sold positions of 12,169,309 shares during the same period.