You are here

Carnival Corporation (CCL): What’s the Story?

Carnival Corporation (CCL) is an interesting player in the Services space, with a focus on Resorts & Casinos. The stock has been active on the tape, currently trading at $61.19, down from yesterday’s close by -1.29%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

No amount of research is complete without a bird’s eye view of the financial data. Carnival Corporation (CCL) currently trades with a market capitalization of $44.84 Billion. That value represents a market adjusting for revenues that have been growing by 3.83 % on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For CCL, the company currently has $437 Million of cash on the books, which is offset by $1.3 Billion current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $2.12 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.47 on a per share basis this quarter. Perhaps, that suggests something about why 0.28% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Carnival Corporation recorded a 52-week high of $63.41. It is now trading 2.22% off that level. The stock is trading $59.12 its 50-day moving average by -2.07%. The stock carved out a 52-week low down at $42.07.

In recent action, Carnival Corporation (CCL) has made a move of +6.47% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 4, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 4.17% with $407.37 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CCL.


Related posts

Leave a Comment