Carnival Corp. (CCL) stock price showing a bullish upside graph with over 103% of price rise in its year-to-date (YTD) price analysis. The bullish graph changes its path as last month, CCL stock dropped 12.37%. However, with the bearish trend, the rising graph is seen with a falling RSI.
In the hotels/resorts/cruise lines industry, Carnival Corporation (CCL) stock price has shown a maximum of 26.491 Million volume in a day. Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) stock and Royal Caribbean Cruises Ltd. (NYSE: RCL) stock price further show 7.945 Million and 1.752 Million of volume in one day.
CCL Stock Price Analysis
Near the weekend, CCL stock lost $0.57 with a 3.28% price drop while the market closed at $16.79 on August 11, 2023, Friday. The stock has traded in between the price range of $17.15 to $16.68, whereas its opening price was at $17.12. The recent increased activity of bears left CCL stock in between its 20 and 50-day moving averages.
As the above chart shows, the RSI of CCL stock is heading toward its oversold zone. However, in the upcoming week, CCL share may take a bullish start with a small price fluctuation.
The analysts are offering their one-year price forecast for CCL stock at $17.07, up over 1% from the recent closing price of the stock. Their maximum estimate is showing at $25.00 whereas the minimum estimate is $7.00. In the past three months, analysts have given a “buy” rating to Carnival Corporation.
The Financial Update of Carnival Corp.
Carnival Corp. (NYSE: CCL), a British-American cruise operator, has a market cap of nearly $21.03 Billion. According to its recent Q2 2023 report, its net income is negative $407.00 Million. CCL earnings per share (EPS) for the quarter is negative $0.31 whereas the estimation was negative $0.34 which accounts for a 7.74% surprise.
The revenue for the same period amounts to $4.91 Billion despite the estimated figure of $4.79 Billion. For the upcoming quarter, the estimated EPS is $0.79 and the revenue is expected to reach $6.70 Billion.
In 2022, the revenue of Carnival Corp. reached $12.17 Billion, most of which $8.28 Billion came from its highest contributing continents at the moment, North America and Australia. North America has made the greatest contribution to the revenue figure which last year brought Carnival Corporation about $7.87 Billion.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/08/12/ccl-stock-price-showed-over-26-million-volume-in-recent-1d/