Carnival Corporation & plc [CCL] fell -52.29% so far this year. What now?


Carnival Corporation & plc [NYSE: CCL] traded at a high on 06/17/22, posting a 9.71 gain after which it closed the day’ session at $9.60. The company report on June 13, 2022 that New Princess Cruises Sweepstakes Offers a Chance to Win All-Electric Branded 2022 Porsche Taycan.

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Uniquely Princess High-Performance Sports Car Emblazoned with Cruise Line’s Iconic SeaWitch Logo.

Through a unique sweepstakes, Porsche and Princess fans can win a one-of-one, customized, all-electric Porsche Taycan, part of the cruise line’s recently announced partnership with the Porsche Club of America. The customized high-performance vehicle is emblazoned with the cruise line’s iconic seawitch, in a fashion similar to the design that adorns the bow of every Princess ship.

The results of the trading session contributed to over 68307040 shares changing hands. Over the past one week, the price volatility of Carnival Corporation & plc stands at 8.11% while the volatility over the past one month is 6.81%.

The market cap for CCL stock reached $9.82 billion, with 1.14 billion shares outstanding and 898.72 million shares in the current float. Compared to the average trading volume of 38.74M shares, CCL reached a trading volume of 68307040 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Carnival Corporation & plc [CCL]?

Susquehanna have made an estimate for Carnival Corporation & plc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 09, 2022. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Underweight. The new note on the price target was released on March 30, 2022, representing the official price target for Carnival Corporation & plc stock.

The Average True Range (ATR) for Carnival Corporation & plc is set at 0.91, with the Price to Sales ratio for CCL stock in the period of the last 12 months amounting to 2.80. The Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 6.77.

How has CCL stock performed recently?

Carnival Corporation & plc [CCL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.12. With this latest performance, CCL shares dropped by -30.64% in over the last four-week period, additionally sinking by -45.36% over the last 6 months – not to mention a drop of -65.93% 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 31.89, with the RSI for the last a single of trading hit 31.45, and the three-weeks RSI is set at 33.00 for Carnival Corporation & plc [CCL]. The present Moving Average for the last 50 days of trading for this stock 15.06, while it was recorded at 9.52 for the last single week of trading, and 19.66 for the last 200 days.

Carnival Corporation & plc [CCL]: Deeper insight into the fundamentals

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.

Earnings analysis for Carnival Corporation & plc [CCL]

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%.

Insider trade positions for Carnival Corporation & plc [CCL]

There are presently around $4,991 million, or 53.50% 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 $487.98 million in CCL stocks shares; and BLACKROCK INC., currently with $487.04 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 June and at the time of the June reporting period, where 311 institutional holders increased their position in Carnival Corporation & plc [NYSE:CCL] by around 32,775,967 shares. Additionally, 353 investors decreased positions by around 38,109,073 shares, while 185 investors held positions by with 448,963,151 shares. The mentioned changes placed institutional holdings at 519,848,191 shares, according to the latest SEC report filing. CCL stock had 75 new institutional investments in for a total of 8,860,085 shares, while 108 institutional investors sold positions of 12,903,993 shares during the same period.