Traders checklist: Carnival Corporation & Plc (NYSE:CCL) Cancels Some Cruises as Far Off as 2023

The USA listed company saw a recent price trade of $19.22 and 55,839,488 shares have traded hands in the session. There are 50.67M shares which are traded as an average over the last three months period. As the cruise industry continues to wrestle with the fallout from COVID-19, Carnival (NYSE:CCL) (NYSE:CUK) announced this morning it’s canceling more cruises, including some as far out as 2023. The company has also changed some of the winter itineraries still technically in place at the moment, causing a dip in its share value during morning trading.

The most far-reaching cancellations were for voyages out of San Diego aboard the Carnival Miracle, the majority of which have been dropped, including those booked as far out as April 2023. The sailings are now canceled until further notice, except for seven Hawaiian cruises. Even these, however, have been shifted to Long Beach, California, rather than the originally planned San Diego departures.

Other Carnival ships (the Magic, Paradise, and Valor) won’t resume sailing until November of this year. The Carnival Radiance will also remain idle until November, when it will be moved to Long Beach, which it will share with the Carnival Miracle.

While the rescheduling necessarily involves numerous cancellations of booked trips, Carnival is also adding some short cruises for winter 2021. Starting in November 2021, it will offer 4-day and 5-day packages from Long Beach to Mexico aboard the Carnival Miracle, in between Hawaiian sailings.

Just a few days ago, all the major cruise companies agreed to postpone sailings until May 1 at the earliest. The news comes as new COVID-19 infections are said to be declining in 48 out of 50 states, as vaccines gradually move the population toward herd immunity.

On 01-26-2k21 (Tuesday) Shareholders tracking shares of Carnival Corporation & Plc (CCL) belongs to Consumer Cyclical sector and Travel Services industry. CCL Inc. has a total market value of 20.74B at the time of writing – representing $921.34M outstanding shares. Turning to other widely-considered trading data, this company’s half yearly performance is observed at 29.86%.

CCL Performance Levels

Looking performance record on shares of Carnival Corporation & Plc (CCL) we observed that the stock has seen a move -59.55% over the last 52-week trading period. The stock generated performance of 26.53% tracking last 3 months. Investors will be anxiously watching to see if things will turn around and the stock will start gaining or losing momentum over the next few months. If we look back year-to-date, the stock has performed -11.27%. Shares are at -7.55% over the previous week and -2.98% over the past month.

Analyst Views: Fluctuating the focus to what the Wall Street analysts are projecting, we can see that the current consensus target price on shares is $18.83. Analysts often put in a lot of work to study stocks that they cover. Wall Street analysts have a consensus recommendation of 2.90on this stock. This number falls on a one to five scale where a 1 would be considered a strong buy and 5 means a strong sell, 2 shows Buy, 3 Hold, 4 reveals Sell recommendation.

Volatility Insights

Watching some historical volatility numbers on shares of Carnival Corporation & Plc (CCL) we can see that the 30 days volatility is presently 4.02%. The 7 days volatility is 3.32%. Following volatility data can help measure how much the stock price has fluctuated over the specified time period. Although past volatility action may help project future stock volatility, it may also be vastly different when taking into account other factors that may be driving price action during the measured time period.

The company has a beta of 2.29. 1.00 indicates that its price is correlated with the market. Less than 1.00 shows less volatility than the market. Beta greater than 1.00 indicates that the security’s price is theoretically more volatile than the market.

The Average True Range (ATR) value reported at 0.95. The average true range (ATR) is a technical analysis indicator that measures volatility by decomposing the entire range of an asset price for that period. A stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR. The ATR may be used by market technicians to enter and exit trades, and it is a useful tool to add to a trading system. It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations. The indicator does not indicate the price direction; rather it is used primarily to measure volatility caused by gaps and limit up or down moves. The ATR is fairly simple to calculate and only needs historical price data.

Technical Considerations

Carnival Corporation & Plc (CCL) stock positioned 16.08% distance from the 200-day MA and stock price situated -5.58% away from the 50-day MA while located -7.52% off of the 20-day MA.

RSI value sited with reading of 54.55. Relative Strength Index (RSI) is an extremely useful and popular momentum oscillator. The RSI compares the magnitude of a stock’s recent gains to the magnitude of its recent losses and turns that information into a number that ranges from 0 to 100. It takes a single parameter, the number of time periods to use in the calculation. In his book, Wilder recommends using 14 periods.

Observing the Technical Indicators:

Carnival Corporation & Plc institutional ownership is held at 43.60% while insider ownership was 8.80%. As of now, CCL has a P/S, P/E and P/B values of 2.00, 0 and 0.76 respectively. Its P/Cash is valued at 2.54. The Company’s net profit margin for the 12 months at 0. Comparatively, the gazes have a Gross margin 13.40%.

Profitability ratios:

Looking into the profitability ratios of CCL stock, an investor will find its ROE, ROA, ROI standing at -33.70%, -15.80% and 8.70%, respectively.

Earnings per Share Details of Carnival Corporation & Plc

The EPS of CCL is strolling at -10.28, measuring its EPS growth this year at -2.70%. As a result, the company has an EPS growth of 0 for the approaching year.

Given the importance of identifying companies that will ensure earnings per share at a tall rate, we later obsession to umpire how to identify which companies will achieve high amassing rates. One obvious showing off to identify high earnings per portion count together companies are to locate companies that have demonstrated such build up beyond the p.s. 5 to 10 years.

The payout ratio shows the proportion of earnings paid out as dividends to shareholders, typically expressed as a percentage of the company’s earnings. The payout ratio can also be expressed as dividends paid out as a proportion of cash flow. The payout ratio is also known as the dividend payout ratio. The Company’s payout ratio was 0 and Price to free cash flow remained $0.

About Brad Larson

This is Brad Larson and I like to introduce myself as an adviser, in the “Earnings Review”. I worked independently as a self motivator and with the financial institute as financial adviser to invest in the Earnings sector for over 9 years in the developing countries by introducing new phases and ways to improve in the Earnings sector.I specialize in market indices, currency pairs, and commodities, rarely trading individual stocks. I accomplished my Post-Graduate degree in Business Administration with a specialization in Finance from International School of Business and Media (ISB&M). I like to travel all over the globe to get new experience and provide by best services to the companies. As an adviser I like to work with new people to share and explore new ideas keeping in view minimizing the operating cost and giving the best final product through new technology and minimizing the time of development.

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