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Saturday, December 2, 2023

An Evaluation Of Carnival Corp. (NYSE: CCL) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Carnival Corp. (CCL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.11, or 0.75%, to $14.68. The Carnival Corp. has recorded 528,181 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Believe in the Magic of the Holiday Season with Princess Cruises.

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Stocks Info

CCL belongs to the Consumer Cyclical sector of the NYSE while operating in the Travel Services industry. The current market capitalization of Carnival Corp. is $18.44B. A total of 23.82 million shares were traded on the day, compared to an average of 28.14M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CCL has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 62 BUYs and 29 SELLs from insiders. Insiders purchased 2,790,643 shares during that period but sold 452,594.

In the most recent transaction, WEISENBURGER RANDALL J bought 100,000 shares of CCL for 11.50 per share on Oct 19. After the transaction, the Director now owns 378,368 company shares. In a previous transaction on Oct 10, WEISENBURGER RANDALL J bought 350,000 shares at 12.99 per share. CCL shares that Director owns now total 961,238.

Among the insiders who sold shares, Bernstein David disposed of 107,119 shares on Feb 21 at a per-share price of $11.08. This resulted in the CFO & CAO holding 286,041 shares of CCL after the transaction.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CCL in the last 3 months, the mean price target is $17.08 with high estimates of $25.00 and low estimates of $10.18. In terms of 52-week highs and lows, CCL has a high of $19.55 and a low of $7.53.

As of this writing, CCL has an earnings estimate of -$0.14 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of -$0.1 per share and a lower estimate of -$0.16. The company reported an EPS of -$0.31 in the last quarter, which was 8.80% higher than expectations of -$0.34.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CCL’s latest balance sheet shows that the firm has $9.14B in Cash & Short Term Investments as of fiscal 2021. There were $34.61B in debt and $10.41B in liabilities at the time. Its Book Value Per Share was $5.51, while its Total Shareholder’s Equity was $12.14B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CCL is Buy with a score of 4.31.

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