How To Invest In Carnival Corporation & plc (NYSE: CUK) Stock. Performance & Trends – Marketing Sentinel
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How To Invest In Carnival Corporation & plc (NYSE: CUK) Stock. Performance & Trends

In today’s recent session, 0.9 million shares of the Carnival Corporation & plc (NYSE:CUK) have been traded, and its beta is 2.15. Most recently the company’s share price was $8.78, and it changed around $0.02 or 0.23% from the last close, which brings the market valuation of the company to $9.85B. CUK at last check was trading at a discount to its 52-week high of $24.89, offering almost -183.49% off that amount. The share price’s 52-week low was $7.95, which indicates that the recent value has risen by an impressive 9.45% since then. We note from Carnival Corporation & plc’s average daily trading volume that its 10-day average is 3.82 million shares, with the 3-month average coming to 2.94 million.

Carnival Corporation & plc (NYSE:CUK) trade information

Instantly CUK has been showing a green trend so far today with a performance of 0.23% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 9.19 on Tuesday, 06/21/22 increased the stock’s daily price by 4.46%. The company’s shares are currently down -52.62% year-to-date, but still down -3.52% over the last five days. On the other hand, Carnival Corporation & plc (NYSE:CUK) is -30.75% down in the 30-day period. We can see from the shorts that 4.99 million shares have been sold at a short interest cover period of 1.56 day(s).

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The consensus price target as assigned by Wall Street analysts is $19.71, which translates to bulls needing to increase their stock price by 55.45% from its current value. Analyst projections state that CUK is forecast to be at a low of $7.70 and a high of $38.00. In order for the stock price to hit the forecast high, the stock would need to plunge -332.8% from its current level, while the stock would need to crash 12.3% from its current level to reach the projected low.

Carnival Corporation & plc (CUK) estimates and forecasts

The year-over-year growth rate is expected to be -65.90%, down from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $1.91 billion in revenue for the current quarter. Analysts predict that the company’s current quarter sales will drop, forecast at -65.90%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -33.70%. Carnival Corporation & plc earnings are expected to increase by 35.90% in 2022, but the outlook is positive 13.40% per year for the next five years.

CUK Dividends

Carnival Corporation & plc’s next quarterly earnings report is expected to be released around December 18 and December 22.

Carnival Corporation & plc (NYSE:CUK)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.00% of Carnival Corporation & plc shares, and 17.03% of them are in the hands of institutional investors. The stock currently has a share float of 17.03%. Carnival Corporation & plc stock is held by 103 institutions, with Aristeia Capital, LLC being the largest institutional investor. By Mar 30, 2022, it held 6.81% of the shares, which is about 10.0 million shares worth $182.62 million.

JP Morgan Chase & Company, with 1.35% or 1.99 million shares worth $36.34 million as of Mar 30, 2022, holds the second largest percentage of outstanding shares.

DFA International Core Equity Portfolio and Goldman Sachs International Tax Managed Equity Fund were the top two Mutual Funds as of Jan 30, 2022. The former held 0.18 million shares worth $3.28 million, making up 0.12% of all outstanding shares. On the other hand, Goldman Sachs International Tax Managed Equity Fund held roughly 53486.0 shares worth around $0.98 million, which represents about 0.04% of the total shares outstanding.

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