Is Carnival Corp. (NYSE: CCL) Stock Worth Investing In for High Returns?

In the last trading session, 30.7 million Carnival Corp. (NYSE:CCL) shares changed hands as the company’s beta touched 2.56. With the company’s per share price at $14.06 changed hands at -$0.3 or -2.09% during last session, the market valuation stood at $17.82B. CCL’s last price was a discount, traded about -40.4% off its 52-week high of $19.74. The share price had its 52-week low at $8.70, which suggests the last value was 38.12% up since then. When we look at Carnival Corp.’s average trading volume, we note the 3-month average coming to 32.95 million.

Carnival Corp. (NYSE:CCL) trade information

Instantly CCL was in red as seen at the end of in last trading. With action -10.22%, the performance over the past five days has been red. The drop to weekly highs of 15.71 subtracted -2.09% to the stock’s daily price. The company’s shares are showing year-to-date downside of -24.16%, with the 5-day performance at -10.22% in the red. However, in the 30-day time frame, Carnival Corp. (NYSE:CCL) is -13.21% down.

Carnival Corp. (CCL) estimates and forecasts

Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Carnival Corp. will rise 93.50%, while the growth in revenue is estimated to hit 27.90% for the next quarter. Year-over-year growth is forecast to reach 13.70% up from the last financial year.

Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of $5.67 billion. 15 analysts are of the opinion that Carnival Corp.’s revenue for the quarter ending Aug 2024 will be $7.75 billion. The company’s revenue for the corresponding quarters a year ago was -$ and -$ respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at –. The estimates for the next quarter sales put growth at –.