Shares Of Carnival Corporation & plc (NYSE: CCL) Could Show A Loss Of -294.6% – Marketing Sentinel
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Shares Of Carnival Corporation & plc (NYSE: CCL) Could Show A Loss Of -294.6%

In today’s recent session, 10.24 million shares of the Carnival Corporation & plc (NYSE:CCL) have been traded, and its beta is 2.13. Most recently the company’s share price was $9.63, and it changed around $0.06 or 0.63% from the last close, which brings the market valuation of the company to $9.79B. CCL at last check was trading at a discount to its 52-week high of $28.69, offering almost -197.92% off that amount. The share price’s 52-week low was $8.70, which indicates that the recent value has risen by an impressive 9.66% since then. We note from Carnival Corporation & plc’s average daily trading volume that its 10-day average is 59.01 million shares, with the 3-month average coming to 39.59 million.

Carnival Corporation & plc (NYSE:CCL) trade information

Instantly CCL has been showing a green trend so far today with a performance of 0.63% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 10.02 on Tuesday, 06/21/22 increased the stock’s daily price by 3.89%. The company’s shares are currently down -52.44% year-to-date, but still down -3.43% over the last five days. On the other hand, Carnival Corporation & plc (NYSE:CCL) is -29.53% down in the 30-day period. We can see from the shorts that 114.88 million shares have been sold at a short interest cover period of 2.77 day(s).

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The consensus price target as assigned by Wall Street analysts is $19.84, which translates to bulls needing to increase their stock price by 51.46% from its current value. Analyst projections state that CCL 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 -294.6% from its current level, while the stock would need to crash 20.04% from its current level to reach the projected low.

Carnival Corporation & plc (CCL) estimates and forecasts

Carnival Corporation & plc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -47.65 percent over the past six months and at a 67.42% annual growth rate that is well above the industry average of 30.40%. The year-over-year growth rate is expected to be 725.00%, up from the previous year.

Consensus estimates provided by 7 financial analysts predict the company will bring in an average of $2.64 billion in revenue for the current quarter. 7 analysts expect Carnival Corporation & plc to make $5.05 billion in revenue for the quarter ending Aug 2022. Forecasts for the next quarter put sales growth at 606.20%.

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 9.95% per year for the next five years.

CCL Dividends

Carnival Corporation & plc’s next quarterly earnings report is expected to be released on June 24.

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

Upon looking at major shareholders, it appears that insiders hold 8.90% of Carnival Corporation & plc shares, and 53.62% of them are in the hands of institutional investors. The stock currently has a share float of 58.85%. Carnival Corporation & plc stock is held by 998 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2022, it held 9.11% of the shares, which is about 90.11 million shares worth $1.82 billion.

Public Investment Fund, with 5.14% or 50.83 million shares worth $1.03 billion as of Mar 30, 2022, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund were the top two Mutual Funds as of Mar 30, 2022. The former held 24.47 million shares worth $494.82 million, making up 2.47% of all outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held roughly 19.04 million shares worth around $384.91 million, which represents about 1.92% of the total shares outstanding.

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