Carnival Corp. [NYSE: CCL] surged by -$73.27 during the normal trading session on while it closed the day at $15.69. The company report on February 8, 2024 at 12:00 PM that CARNIVAL CRUISE LINE TO HONOR MUSIC ICON GWEN STEFANI AS GODMOTHER OF CARNIVAL JUBILEE.
Naming Ceremony Set for Port of Galveston on Feb. 24.
Carnival Cruise Line announced today that global music superstar Gwen Stefani will be honored as the godmother of Carnival’s new flagship, Carnival Jubilee, at a naming ceremony and celebration in Galveston, Texas on Saturday, Feb. 24.
Carnival Corp. stock has also loss -6.87% of its value over the past 7 days. However, CCL stock has inclined by 19.70% in the 3 months of the year. Over the past six months meanwhile, it has lost -11.81% and lost -17.42% year-on date.
The market cap for CCL stock reached $19.35 billion, with 1.12 billion shares outstanding and 983.41 million shares in the current float. Compared to the average trading volume of 1.46 shares, CCL reached a trading volume of 31.15M in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Carnival Corp. [CCL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CCL shares is $20.79 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CCL stock is a recommendation set at 1.71. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Carnival Corp. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 05, 2024.
The Average True Range (ATR) for Carnival Corp. is set at 0.68, with the Price to Sales ratio for CCL stock in the period of the last 12 months amounting to 0.90. The Price to Book ratio for the last quarter was 2.81, with the Price to Cash per share for the same quarter was set at 1.92. Price to Free Cash Flow for CCL in the course of the last twelve months was 19.40 with Quick ratio for the last quarter at 0.39.
CCL stock trade performance evaluation
Carnival Corp. [CCL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.87. With this latest performance, CCL shares dropped by -13.89% in over the last four-week period, additionally sinking by -11.81% over the last 6 months – not to mention a rise of 28.98% 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 36.45, with the RSI for the last a single of trading hit 30.71, and the three-weeks RSI is set at 40.97 for Carnival Corp. [CCL]. The present Moving Average for the last 50 days of trading for this stock 17.14, while it was recorded at 15.70 for the last single week of trading, and 14.98 for the last 200 days.
Carnival Corp. [CCL]: An insightful look at the core fundamentals
Carnival Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.39 and a Current Ratio set at 0.43.
Earnings per share (EPS) analysis for Carnival Corp. [CCL] stock
With the latest financial reports released by the company, Carnival Corp. posted -0.55/share EPS, while the average EPS was predicted by analysts to be reported at -0.6/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.30%. 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.
Carnival Corp. [CCL]: Institutional Ownership
The top three institutional holders of CCL stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CCL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CCL stock with ownership which is approximately 5.8325%.
