Can Carnival Corporation & plc (CCL) Future Potential Be Undermined By Current Price Volatility?
Carnival Corporation & plc (NYSE:CCL) has a beta value of 2.33 and has seen 7.66 million shares traded in the recent trading session. The company, currently valued at $33.06B, closed the recent trade at $29.19 per share which meant it lost -$0.74 on the day or -2.47% during that session. The CCL stock price is -7.98% off its 52-week high price of $31.52 and 58.51% above the 52-week low of $12.11. If we look at the companys 10-day average daily trading volume, we find that it stood at 22.95 million shares traded. The 3-month trading volume is 30.60 million shares. The consensus among analysts is that Carnival Corporation & plc (CCL) is a Hold stock at the moment, with a recommendation rating of 2.60. 5 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 22 have rated it as a Hold, with 7 advising it as a Buy. 3 have rated the stock as Underweight. The expected earnings per share for the stock is -$1.6. Carnival Corporation & plc (NYSE:CCL) trade information  Sporting -2.47% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Friday, 06/11/21 when the CCL stock price touched $29.19 or saw a rise of 7.39%. Year-to-date, Carnival Corporation & plc shares have moved 38.18%, while the 5-day performance has seen it change -2.00%. Over the past 30 days, the shares of Carnival Corporation & plc (NYSE:CCL) have changed 20.78%. Short interest in the company has seen 61.24 million shares shorted with days to cover at 2.3. Wall Street analysts have a consensus price target for the stock at $27.80, which means that the shares value could drop -5.0% from the levels at last check today. The projected low price target is $14.70 while the price target rests at a high of $41.00. In that case, then, we find that the latest price level in todays session is -40.46% off the targeted high while a plunge would see the stock lose 49.64% from the levels at last check today. Carnival Corporation & plc (CCL) estimates and forecasts  Figures show that Carnival Corporation & plc shares have underperformed across the wider relevant industry. The companys shares have gained 31.91% over the past 6 months, with this year growth rate of 26.64%, compared to 34.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 51.50% and 45.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be -33.30%. 10 analysts offering their estimates for the company have set an average revenue estimate of $193.47 million for the current quarter. 10 have an estimated revenue figure of $1.12 billion for the next quarter concluding in Aug 2021. If we evaluate the companys growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -51.00% over the past 5 years. 5 Stocks Under $10 That Are Poised to Take Off Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Add them to your watchlist before they take off! Get the Top 5 Stocks Now! Sponsored  CCL Dividends  Carnival Corporation & plc is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the companys debt issue. Carnival Corporation & plc (NYSE:CCL)s Major holders  Insiders own 9.06% of the company shares, while shares held by institutions stand at 53.75% with a share float percentage of 59.11%. Investors are also buoyed by the number of investors in a company, with Carnival Corporation & plc having a total of 1,064 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 84.33 million shares worth more than $2.24 billion. As of Mar 30, 2021, Vanguard Group, Inc. (The) held 8.66% of shares outstanding. The other major institutional holder is Public Investment Fund, with the holding of over 50.83 million shares as of Mar 30, 2021. The firms total holdings are worth over $1.35 billion and represent 5.22% of shares outstanding. Also the top two Mutual Funds that are holding companys shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. As of Mar 30, 2021, the former fund manager holds about 2.39% shares in the company for having 23.25 million shares of worth $617.02 million while later fund manager owns 18.5 million shares of worth $491.1 million as of Mar 30, 2021, which makes it owner of about 1.90% of companys outstanding stock.