Carnival Corp. (NYSE: CCL) – Suitable For Long Term Buy?

Currently, there are 1.12B common shares owned by the public and among those 978.46M shares have been available to trade.

Insiders at the company have transacted a total of 54 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 52 of these insider trades were purchases, accounting for 3,734,532 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 214,238 shares.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The company’s stock has a 5-day price change of -3.33% and 1.58% over the past three months. CCL shares are trading -20.17% year to date (YTD), with the 12-month market performance up to 21.41% 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 31.09 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 -7.81%, -13.53%, and -1.99% respectively.

Institutional ownership of Carnival Corp. (NYSE: CCL) shares accounts for 49.12% of the company’s 1.12B shares outstanding.

It has a market capitalization of $18.70B and a beta (3y monthly) value of 2.56. 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 2.73% over the week and 3.85% over the month.

Analysts forecast that Carnival Corp. (CCL) will achieve an EPS of -$0.18 for the current quarter, $0.01 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.

Most Popular

Related Posts