Carnival Corporation & plc (NYSE:CUK) shares, rose in value on Thursday, June 15, with the stock price up by 1.93% to the previous day’s close as strong demand from buyers drove the stock to $14.25.
Actively observing the price movement in the recent trading, the stock is buoying the session at $13.98, falling within a range of $13.65 and $14.14. The value of beta (5-year monthly) is 2.22. Referring to stock’s 52-week performance, its high was $14.14, and the low was $5.43. On the whole, CUK has fluctuated by 54.39% over the past month.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it’s about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
With the market capitalization of Carnival Corporation & plc currently standing at about $19.11 billion, investors are eagerly awaiting this quarter’s results, scheduled for Dec 18, 2020 – Dec 22, 2020.
Analysts have estimated the company’s revenue for the quarter at $20.42 billion, with a low estimate of $20.42 billion and a high estimate of $20.42 billion. According to the average forecast, sales growth in current quarter could jump up 67.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $20.42 billion, representing an increase of 67.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CUK’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CUK currently trading nearly 30.89% and 48.22% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 84.74, while the 7-day volatility ratio is showing 4.60% which for the 30-day chart, stands at 4.26%. Furthermore, Carnival Corporation & plc (CUK)’s beta value is 2.26, and its average true range (ATR) is 0.52.
A comparison of Carnival Corporation & plc (CUK) with its peers suggests the former has fared considerably weaker in the market. CUK showed an intraday change of 1.93% in today’s session so far, and over the past year, it grew by 63.98%%. In comparison, Marriott International Inc. (MAR) has moved lower at -2.84% today and is up 15.82% over the past 12 months. On the other hand, the price of Carnival Corporation & plc (CCL) has risen 2.08% today. The stock, however, is off 67.28% from where it was a year ago. Additionally, there is a gain of 0.55% for Norwegian Cruise Line Holdings Ltd. (NCLH) in recent trading while the stock has seen an overall depriciation of 74.51%% over the past year. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.85%. Meanwhile, the Dow Jones Industrial Improved by 1.09%.
Data on historical trading for Carnival Corporation & plc (NYSE:CUK) indicates that the trading volumes over the past 10 days have averaged 1.95 million and over the past 3 months, they’ve averaged 1.93 million. According to company’s latest data on outstanding shares, there are 1.18 billion shares outstanding.
Nearly 0.10% of Carnival Corporation & plc’s shares belong to company insiders and institutional investors own 20.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.39 million shares as on May 30, 2023, resulting in a short ratio of 2.02. According to the data, the short interest in Carnival Corporation & plc (CUK) stood at 0.26% of shares outstanding as of May 30, 2023; the number of short shares registered in Apr 27, 2023 reached 4.3 million. The stock has risen by 98.19% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CUK stock heading into the next quarter.