Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Carnival Corp.’s current trading price is -13.32% away from its 52-week high, while its distance from the 52-week low is 97.12%. The stock’s price range during this period has varied between $8.68 and $19.74. The company, active in the Consumer Cyclical sector, saw a trading volume of around 39.2 million for the day, considerably higher average daily volume of 29.84 million observed over the last three months.
Carnival Corp.’s stock has had a calm market performance. The 1-year high for the company’s stock was $19.74 on 12/22/23, and the lowest price during the same period was recorded at $8.68 on 03/27/23.
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How Financial Performance Impacts Market Capitalization
Carnival Corp. (CCL) has experienced a quarterly decline of -10.84% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 21.63B.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 16.00, with a change in price of +5.71. Similarly, Carnival Corp. recorded 30,351,242 in trading volume during the last 100 days, posting a change of +50.09%.
How CCL’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CCL stands at 4.63. Similarly, the long-term debt-to-equity ratio is also 4.31.
CCL Stock Stochastic Average
As of today, the raw stochastic average of Carnival Corp. over the past 50 days is 82.66%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 75.00%. Additionally, the Stochastic %K and %D values for the company were 85.56% and 87.10%, respectively, over the past 20 days.
CCL Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -7.71%.However, over the last six months, we can see a weaker performance of 21.78%. Over the last 30 days, the price of CCL has fallen by 12.34%. And in the last five days, it has surged by 5.68%.
