Carnival Corporation & Plc [NYSE:CUK] prices rallied 0.48% on Thursday.
With a current price of $13.69, CUK is active in the Leisure industry and it looks to be on-track for a five-day run of 5.83%.
In addition, CUK’s high over the last year is $49.03 and the low is $7.08. Over the last two 52 weeks, the company is trading -64.71%, while the S&P 500 is trading 0.5%.
Wait and see
Holding a Market Cap of $13.14 billion, Carnival Corporation & Plc has seen a trading range over the last year of $7.08-$49.03.
For the last five days, CUK is up from its last closing price. The average shares trading hands each day is 1.80M, with average 10-day volume coming in at 1.55 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for CUK. When we apply the Elder Force Index to Carnival Corporation & Plc, we are seeing an Elder Force Indicator number of 42534.17.
Recent Performance
The company’s enterprise value has gone from $22.32B to $33.25B quarter-over-quarter. This could be an inflection point for the company, but either way we believe you should be adding them to your watchlist.
In the last quarter, CUK made a profit of -1.16 billion. Carnival Corporation & Plc also saw quarter revenue growth year over year of 16.12%. In addition, the company has operating cash flow of -$3.59 billion.
Technical Analysis
Looking at popular technical indicators, the company’s 5-day moving average is 13.39 compared to the 50-day moving average of 13.35. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. CUK currently holds a 9-day RSI of 61.63%, while 100-day RSI stands at 45.36%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. CUK’s 9-day MACD is 0.53 and the company’s 100-day MACD stands at 0.22.
Inside Moves
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 0.00% by insiders and 7.97% by institutions. Regarding institutional holdings, Goldman Sachs Group, Inc. owns 15.66%, while the second top holder, Renaissance Technologies, LLC, currently owns 14.70%.
Over the last six months, insiders have bought 1,250,000 with the most recent transaction from WEISENBURGER RANDALL J, Director, with a purchase at price 8.00 per share.
Conclusion
Currently, the company has 0 analysts watching the stock, and the average quarterly earnings estimate is 0.
