In recent trading session, Carnival Corp. (NYSE:CCL) saw 7.72 million shares changing hands at last check today with its beta currently measuring 2.55. Company’s recent per share price level of $14.69 trading at -$0.26 or -1.77% at last check today assigns it a market valuation of $18.61B. That most recent trading price of CCL’s stock is at a discount of -34.38% from its 52-week high price of $19.74 and is indicating a premium of 40.78% from its 52-week low price of $8.70. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 41.98 million shares which gives us an average trading volume of 32.76 million if we extend that period to 3-months.
Carnival Corp. (NYSE:CCL) trade information
Upright in the red during last session for losing -1.77%, in the last five days CCL remained trading in the red while hitting it’s week-highest on Tuesday, 04/09/24 when the stock touched $14.69 price level, adding 6.49% to its value on the day. Carnival Corp.’s shares saw a change of -20.79% in year-to-date performance and have moved -2.49% in past 5-day. Carnival Corp. (NYSE:CCL) showed a performance of -9.58% in past 30-days. Number of shares sold short was 92.5 million shares which calculate 3.23 days to cover the short interests.
Carnival Corp. (CCL) estimates and forecasts
The company is estimating its revenue growth to increase by 93.50% in the current quarter and calculating 27.90% increase in the next quarter. This year revenue growth is estimated to rise 13.70% from the last financial year’s standing.
15 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $5.67 billion for the same. And 15 analysts are in estimates of company making revenue of $7.75 billion in the next quarter that will end on Aug 2024.
CCL Dividends
Carnival Corp. is more likely to be releasing its next quarterly report between June 24 and June 28 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Carnival Corp. (NYSE:CCL)’s Major holders
Insiders are in possession of 7.85% of company’s total shares while institution are holding 60.53 percent of that, with stock having share float percentage of 65.69%. Investors also watch the number of corporate investors in a company very closely, which is 60.53% institutions for Carnival Corp. that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at CCL for having 113.24 million shares of worth $2.13 billion. And as of Jun 29, 2023, it was holding 10.12% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 62.84 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 5.61% of outstanding shares, having a total worth of $1.18 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 31.3 million shares of worth $589.34 million or 2.80% of the total outstanding shares. The later fund manager was in possession of 23.91 million shares on Jun 29, 2023, making its stake of worth around $450.29 million in the company or a holder of 2.14% of company’s stock.
