Carnival Corp. (CCL): A Great Stock For Handling Current Market Conditions?

Currently, there are 1.11B common shares owned by the public and among those 983.60M shares have been available to trade.

Insiders at the company have transacted a total of 88 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 68 of these insider trades were purchases, accounting for 4,140,643 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 391,389 shares.

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However, the script later moved the day high at 17.35, up 0.29%. The company’s stock has a 5-day price change of -1.14% and 48.25% over the past three months. CCL shares are trading -6.53% year to date (YTD), with the 12-month market performance up to 66.16% higher. It has a 12-month low price of $8.37 and touched a high of $19.74 over the same period. CCL has an average intraday trading volume of 29.98 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.43%, 6.03%, and 19.93% respectively.

Institutional ownership of Carnival Corp. (NYSE: CCL) shares accounts for 47.53% of the company’s 1.11B shares outstanding.

It has a market capitalization of $21.89B and a beta (3y monthly) value of 2.59. The earnings-per-share (ttm) stands at -$0.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.72% over the week and 3.73% over the month.

Analysts forecast that Carnival Corp. (CCL) will achieve an EPS of -$0.19 for the current quarter, $0.02 for the next quarter and $1.36 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.22 while analysts give the company a high EPS estimate of -$0.13. Comparatively, EPS for the current quarter was -$0.55 a year ago.

Looking at the support for the CCL, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on January 05, 2024, with the firm’s price target at $22.

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