Carnival Corporation Breaks Above 200-Day Moving Average, Signaling Bullish Outlook
November 17, 2023
🌥️Trending News
Carnival Corporation ($NYSE:CCL) (CCL) has recently broken above its 200-Day Moving Average, signaling a potentially bullish outlook. The company caters to travelers around the world and is one of the largest providers of vacation experiences in the world. It has a presence in countries across North America, Europe, Asia, Australia, and New Zealand. The company’s product offerings include cruises, tour packages, hotels, and vacation experiences, catering to a wide range of customers.
Over the past year, CCL has seen a significant increase in its stock price due to its successful operational performance and strong financials. The recent crossing of the 200-Day Moving Average suggests that the stock could continue to see upward momentum in the coming months.
Price History
On Wednesday, CARNIVAL CORPORATION stock opened at $14.2 and closed at $14.6, up by 4.9% from prior closing price of 13.9, signaling a positive outlook. This bullish outlook suggests that CARNIVAL CORPORATION’s stock is trending upwards and heading towards a period of positive growth and performance. Investors are encouraged to be optimistic and stay with the stock in anticipation of future returns. With positive economic conditions, this could be a great time to invest in the stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Carnival Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 20.04k | -1.62k | -7.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Carnival Corporation. More…
| Operations | Investing | Financing |
| 3.24k | -3.62k | -3.87k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Carnival Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 49.76k | 42.8k | 5.51 |
Key Ratios Snapshot
Some of the financial key ratios for Carnival Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.7% | 2.2% | 2.1% |
| FCF Margin | ROE | ROA |
| -2.7% | 4.1% | 0.5% |
Analysis
As GoodWhale, we have analyzed the fundamentals of CARNIVAL CORPORATION and our Star Chart gives the company a low health score of 2/10 with regard to its cashflows and debt. This could indicate that CARNIVAL CORPORATION is less likely to sustain future operations in times of crisis. Moreover, our analysis classifies CARNIVAL CORPORATION as a “Cheetah”company, meaning that it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given its strengths in assets, medium profitability, and weaker growth and dividend performance, CARNIVAL CORPORATION may be of interest to investors looking for a high-growth but potentially high-risk opportunity. Such investors may be willing to accept the higher risks associated with CARNIVAL CORPORATION in exchange for potentially higher returns. More…
Peers
Carnival Corporation is the world’s largest cruise line operator, with a combined fleet of over 125 ships across 10 cruise line brands. The company’s competitors include Norwegian Cruise Line Holdings Ltd, Royal Caribbean Group, and Carnival PLC. All three companies are based in Miami, Florida, and have a strong presence in the Caribbean cruise market.
– Norwegian Cruise Line Holdings Ltd ($NYSE:NCLH)
Norwegian Cruise Line Holdings Ltd. is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. With a combined total of 29 ships with approximately 59,150 berths, these brands offer itineraries to more than 510 destinations worldwide. The Company has a strong pipeline of ships under construction, including two new ships for Norwegian Cruise Line, one new ship for Regent Seven Seas Cruises and two new ships for Oceania Cruises.
– Royal Caribbean Group ($NYSE:RCL)
The company has a market cap of 12.38B as of 2022. The company’s ROE for the year was -53.73%. The company operates in the cruise line industry and offers cruise vacations to various destinations around the world.
– Carnival PLC ($LSE:CCL)
Carnival plc is a global cruise company and one of the largest vacation companies in the world. It has a market cap of 7.94B as of 2022 and a Return on Equity of -42.02%. The company operates a fleet of over 100 cruise ships across 10 cruise line brands, including Carnival Cruise Line, Princess Cruises, Holland America Line, and Costa Cruises. Carnival plc also owns a number of tour and travel companies, including Holland America Princess Alaska Tours, Princess Cruises’ North American tour operator, and Costa Cruises’ tour operator in Europe.
Summary
Carnival Corporation is an American cruise company operating a wide range of cruise lines, including Carnival Cruise Lines, Holland America Line, Princess Cruises, Seabourn, Costa Cruises, and Cunard Line. Recently, Carnival Corporation’s stock price broke above the 200-day moving average, a bullish sign for the company’s prospects. A breakout above the 200-day moving average indicates that recent price action has been strong enough to make a significant impact on the overall trend. This is generally seen as a sign of increased buying pressure and could lead to further gains in the stock price.
On the day of the breakout, the stock price moved up significantly and closed higher than it had for several days prior. Given this positive indicator, investors may want to consider investing in Carnival Corporation’s stock as it may continue to increase in value.
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