Carnival Corporation & Plc (NYSE:CCL) has a beta value of 1.88 and has seen 50,176,992 shares traded in the recent trading session. The company, currently valued at $14.51 Billion, closed the recent trade at $16.53 per share which meant it lost -$1.32 on the day or -7.37% during that session. The CCL stock price is -214.22% off its 52-week high price of $51.94 and 52.81% above the 52-week low of $7.8. If we look at the company’s 10-day average daily trading volume, we find that it stood at 33.84 Million shares traded. The 3-month trading volume is 37.69 Million shares.
The consensus among analysts is that Carnival Corporation & Plc (CCL) is a Hold stock at the moment, with a recommendation rating of 2.9. 3 analysts rate the stock as a Sell, while none rate it as Overweight. 15 out of 20 have rated it as a Hold, with 1 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$2.15.
Carnival Corporation & Plc (NYSE:CCL) trade information
Despite being -7.37% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Sep 10 when the CCL stock price touched $18.75- or saw a rise of 11.79%. Year-to-date, Carnival Corporation & Plc shares have moved -67.46%, while the 5-day performance has seen it change -9.57%. Over the past 30 days, the shares of Carnival Corporation & Plc (NYSE:CCL) have changed 6.92%. Short interest in the company has seen 81.79 Million shares shorted with days to cover at 2.17.
Wall Street analysts have a consensus price target for the stock at $15, which means that the shares’ value could jump -9.26% from current levels. The projected low price target is $9.93 while the price target rests at a high of $24. In that case, then, we find that the current price level is +45.19% off the targeted high while a plunge would see the stock lose -39.93% from current levels.
Carnival Corporation & Plc (CCL) estimates and forecasts
Figures show that Carnival Corporation & Plc shares have underperformed across the wider relevant industry. The company’s shares have gained +22.51% over the past 6 months, with this year growth rate of -267.73%, compared to -24.9% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -181.7% and -416.1% for the next quarter. Revenue growth from the last financial year stood is estimated to be -70.1%.
10 analysts offering their estimates for the company have set an average revenue estimate of $79.25 Million for the current quarter. 10 have an estimated revenue figure of $518.5 Million for the next quarter concluding in November 01, 2020. Year-ago sales stood $6.53 Billion and $4.78 Billion respectively for this quarter and the next, and analysts expect sales will grow by -98.8% for the current quarter and -89.2% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +22.6% over the past 5 years. Earnings growth for 2020 is a modest -2.7%.