How have the shares performed?
Carnival Corporation & plc (CUK) saw an uptrend of 1.85% in the recent trading with $25.28 being its most recent. The current price level -7.43% lower than the highest price of $27.31 marked by the stock while trading over the past 52-weeks, whereas it is 143.52% higher than the lowest price of $10.38 the company dropped to over past 52-weeks. The latest news story on CUK appeared in Yahoo Finance Video under the title “Cruise stocks upgraded, Oracle lowers guidance, ARK Invest buys DraftKings dip” on Jun-16-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -7.43% below one month high and is +12.11% above of the lowest during that time. Looking into the simple moving average, Carnival Corporation & plc (CUK)’s stock stands at a SMA-50 of $24.10 while that of 5-day is reading $25.43.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CUK’s SMA-200 as of now is $18.99.
Carnival Corporation & plc Earnings – What Happened With CUK
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $19.0 million while analysts on average were estimating the same to be $2.96 billion.
CUK – Carnival Corporation & plc Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 1.09 billion. CUK does have institutional investors; and they hold 8.00% of the stock.
Carnival Corporation & plc – Insider Activity and Holdings
As on Mar 30, 2021, Aristeia Capital, LLC was the top most holder in Carnival Corporation & plc (NYSE:CUK) with an ownership of 4.5 million shares of the company or 49.36% of the stake worth $100.79 million. The filing also reveals Pictet Asset Management Ltd as the second largest holder in the company with a control over 20.33% of the outstanding shares. Its stake is worth $41.52 million for having 1.85 million shares in hand.
Wisconsin (State Of) Investment Board also came holding a key position in the company during the recent quarter and it now holds 7.54% of the outstanding shares. With this there are now 101 institutions which have possession in CUK’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Carnival Corporation & plc was 1.22 while posting a debt to equity ratio of 1.58. The count was 113.86 for long-term debt to equity ratio.
Carnival Corporation & plc’s return on equity, or ROE, is -56.60%, compared to the industry average of -5.68% for Consumer Cyclical – Leisure. Although this indicates that CUK fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Carnival Corporation & plc (NYSE:CUK) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Carnival Corporation & plc (CUK), we notice that the stock’s 20-day average volume is at 1,393,385 shares and 50% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 1,433,196 shares. And to end, CUK’s 100-day average volume is 1,725,608 shares with 100% of the long-term indicators pointing towards Buy for the stock.