Are Smart Investors Making the Right Decision? Carnival Corp. (CCL)

With 24.69 million shares changed hands, the volume of the stock remained lighter than its average volume of 27.94 million shares. During the session, the Travel Services company that operates in wider Consumer Cyclical sector, reached to the highest price of $18.18 whereas the lowest price it dropped to was $17.87. The 52-week range on CCL shows that it touched its highest point at $19.74 and its lowest point at $10.84 during that stretch. It currently has a 1-year price target of $21.71. Beta for the stock currently stands at 2.68.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CCL was up-trending over the past week, with a rise of 11.71%, but this was up by 16.62% over a month. Three-month performance surged to 14.91% while six-month performance rose 11.37%. The stock gained 18.70% in the past year, while it has lost -2.75% so far this year. A look at the trailing 12-month EPS for CCL yields 0.65 with Next year EPS estimates of 1.57.

Float and Shares Shorts:

At present, 1.12 billion CCL shares are outstanding with a float of 998.28 million shares on hand for trading. On 2024-08-30, short shares totaled 84.64 million, which was 646.0000000000001 higher than short shares on 1722384000. In addition to Mr. Micky Meir Arison as the firm’s Executive Chairman of the Board, Mr. Joshua Ian Weinstein serves as its President, CEO, Chief Climate Officer & Director.

Institutional Ownership:

Through their ownership of 0.63518 of CCL’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-05-31, CCL reported revenue of $5781000000.0 and operating income of $560000000.0. The EBITDA in the recently reported quarter was $1213000000.0 and diluted EPS was $0.07.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CCL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.