Its Stock Has Paid Off Big Time For Carnival Corporation & plc

Carnival Corporation & plc (NYSE: CUK) stock jumped 3.06% on Thursday to $9.78 against a previous-day closing price of $9.49. With 1.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.91 million shares. During the session, the Travel Services company that operates in wider Consumer Cyclical sector, reached to the highest price of $9.94 whereas the lowest price it dropped to was $9.66. The 52-week range on CUK shows that it touched its highest point at $13.11 and its lowest point at $5.43 during that stretch. Beta for the stock currently stands at 2.23.

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 CUK was down-trending over the past week, with a drop of -2.69%, but this was up by 23.80% over a month. Three-month performance surged to 1.87% while six-month performance rose 14.92%. The stock lost -10.68% in the past year, while it has gained 36.02% so far this year. A look at the trailing 12-month EPS for CUK yields -4.16 with Next year EPS estimates of 1.46. EPS is expected to grow by 13.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -28.00%.

Float and Shares Shorts:

At present, 1.18 billion CUK shares are outstanding with a float of 144.55 million shares on hand for trading. On Apr 27, 2023, short shares totaled 4.3 million, which was 0.33% 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:

Through their ownership of 23.82% of CUK’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 18.42% of CUK, in contrast to 0.20% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in CUK with 7.17% of the stake, Aristeia Capital LLC holds 13,318,334 shares worth 13,318,334. A second-largest stockholder of CUK, Norges Bank Investment Management, holds 3,641,305 shares, controlling over 1.96% of the firm’s shares. BofA Securities, Inc. is the third largest shareholder in CUK, holding 3,445,476 shares or 1.86% stake. With a 0.08% stake in CUK, the KLP AksjeGlobal Indeks is the largest stakeholder. A total of 150,000 shares are owned by the mutual fund manager. The DFA International Core Equity Por, which owns about 0.07% of CUK stock, is the second-largest Mutual Fund holder. It holds 122,081 shares valued at 1.02 million. MSF Global Opportunities – WorldS holds 0.01% of the stake in CUK, owning 24,000 shares worth 0.2 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, CUK 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 CUK 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 CUK 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 $11.05. Based on these targets, CUK could surge 84.05% to reach the target high and fall by -30.47% to reach the target low. Reaching the average price target will result in a growth of 12.99% 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.