Carnival Corporation & plc (CCL) Performance and Fundamentals Dashboard tells a completely different story

Carnival Corporation & plc (NYSE: CCL) stock fell -3.35% on Wednesday to $10.67 against a previous-day closing price of $11.04. With 34.14 million shares changed hands, the volume of the stock remained lighter than its average volume of 36.85 million shares. During the session, the Travel Services company that operates in wider Consumer Cyclical sector, reached to the highest price of $10.86 whereas the lowest price it dropped to was $10.38. The 52-week range on CCL shows that it touched its highest point at $14.20 and its lowest point at $6.11 during that stretch. It currently has a 1-year price target of $11.18. Beta for the stock currently stands at 2.19.

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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 down-trending over the past week, with a drop of -3.35%, but this was up by 19.08% over a month. Three-month performance dropped to -2.02% while six-month performance rose 14.48%. The stock lost -18.61% in the past year, while it has gained 32.38% so far this year. A look at the trailing 12-month EPS for CCL yields -4.08 with Next year EPS estimates of 0.78. For the next quarter, that number is -0.35. This implies an EPS growth rate of 39.00% for this year and 369.00% for next year.

Float and Shares Shorts:

At present, 1.26 billion CCL shares are outstanding with a float of 1.03 billion shares on hand for trading. On Apr 27, 2023, short shares totaled 136.56 million, which was 10.48% higher than short shares on Mar 30, 2023. In addition to Mr. Micky Meir Arison as the firm’s Exec. Chairman, Mr. Josh Weinstein serves as its Pres, CEO, Chief Climate Officer & Director.

Institutional Ownership:

Other institutions hold 7.68% of CCL, in contrast to 27.38% held by mutual funds. Shares owned by individuals account for 20.04%. As the largest shareholder in CCL with 9.79% of the stake, The Vanguard Group, Inc. holds 109,197,300 shares worth 109,197,300. A second-largest stockholder of CCL, BlackRock Fund Advisors, holds 45,374,264 shares, controlling over 4.07% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in CCL, holding 36,248,466 shares or 3.25% stake. With a 2.79% stake in CCL, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 31,164,684 shares are owned by the mutual fund manager. The Vanguard Mid Cap Index Fund, which owns about 2.10% of CCL stock, is the second-largest Mutual Fund holder. It holds 23,395,856 shares valued at 215.48 million. Fidelity 500 Index Fund holds 0.99% of the stake in CCL, owning 11,088,957 shares worth 102.13 million.

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 Feb 27, 2023, CCL reported revenue of $2.40B and operating income of -$1.47B. The EBITDA in the recently reported quarter was -$889.00M and diluted EPS was -$1.61.

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. With CCL analysts setting a high price target of $18.00 and a low target of $6.80, the average target price over the next 12 months is $11.03. Based on these targets, CCL could surge 68.7% to reach the target high and fall by -36.27% to reach the target low. Reaching the average price target will result in a growth of 3.37% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded CCL stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 38 while that of sell transactions has risen to 35 over the past year. The total number of shares bought during that period was 1,923,821 while 493,178 shares were sold.

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