In What Direction Will Carnival Corporation & plc’s (NYSE:CUK) Stock Goes From Here?

The closing price of Carnival Corporation & plc (NYSE: CUK) was $7.95 for the day, down -4.45% from the previous closing price of $8.32. In other words, the price has decreased by -$0.37 from its previous closing price. On the day, 2898160 shares were traded. CUK stock price reached its highest trading level at $8.10 during the session, while it also had its lowest trading level at $7.65.

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Our analysis of CUK’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 0.70. In the meantime, Its Debt-to-Equity ratio is 4.89 whereas as Long-Term Debt/Eq ratio is at 4.52.

Upgrades & Downgrades

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 21 when Bernstein David sold 107,119 shares for $11.08 per share. The transaction valued at 1,186,696 led to the insider holds 286,041 shares of the business.

WEISENBURGER RANDALL J bought 100,000 shares of CUK for $1,175,500 on May 25. The Director now owns 870,950 shares after completing the transaction at $11.76 per share. On Apr 14, another insider, PARKER SIR JOHN, who serves as the Director of the company, sold 7,048 shares for $17.81 each. As a result, the insider received 125,548 and left with 0 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.92 while its Price-to-Book (P/B) ratio in mrq is 1.33.

Stock Price History:

Over the past 52 weeks, CUK has reached a high of $19.52, while it has fallen to a 52-week low of $5.43. The 50-Day Moving Average of the stock is 9.59, while the 200-Day Moving Average is calculated to be 8.79.

Shares Statistics:

CUK traded an average of 1.80M shares per day over the past three months and 1.84M shares per day over the past ten days. A total of 1.18B shares are outstanding, with a floating share count of 144.02M. Insiders hold about 0.10% of the company’s shares, while institutions hold 20.80% stake in the company. Shares short for CUK as of Jan 30, 2023 were 4.78M with a Short Ratio of 5.20M, compared to 4.63M on Dec 29, 2022.

Earnings Estimates

The firm’s stock currently is rated by 0 analysts. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between -$0.07 and -$0.07 for the fiscal current year, implying an average EPS of -$0.07. EPS for the following year is $1.46, with 1 analysts recommending between $1.46 and $1.46.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 1 analysts. It ranges from a high estimate of $20.42B to a low estimate of $20.42B. As of the current estimate, Carnival Corporation & plc’s year-ago sales were $12.17B, an estimated increase of 67.80% from the year-ago figure.

A total of 1 analysts have provided revenue estimates for CUK’s current fiscal year. The highest revenue estimate was $20.42B, while the lowest revenue estimate was $20.42B, resulting in an average revenue estimate of $20.42B. In the same quarter a year ago, actual revenue was $12.17B, up 67.80% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $21.91B in the next fiscal year. The high estimate is $21.91B and the low estimate is $21.91B. The average revenue growth estimate for next year is up 7.30% from the average revenue estimate for this year.