Carnival Stock Price on February 29, 2024

CCL Stock  USD 25.35  0.27  1.08%   
Below is the normalized historical share price chart for Carnival extending back to July 24, 1987. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Carnival stands at 25.35, as last reported on the 22nd of November, with the highest price reaching 25.35 and the lowest price hitting 25.08 during the day.
IPO Date
24th of July 1987
200 Day MA
17.1732
50 Day MA
20.8306
Beta
2.668
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Carnival Stock, it is important to understand the factors that can impact its price. Carnival appears to be not too volatile, given 3 months investment horizon. Carnival secures Sharpe Ratio (or Efficiency) of 0.3, which signifies that the company had a 0.3% return per unit of risk over the last 3 months. By analyzing Carnival's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please makes use of Carnival's Risk Adjusted Performance of 0.2488, mean deviation of 1.82, and Downside Deviation of 1.44 to double-check if our risk estimates are consistent with your expectations.
  
At this time, Carnival's Total Stockholder Equity is quite stable compared to the past year. Liabilities And Stockholders Equity is expected to rise to about 59.3 B this year, although the value of Common Stock Total Equity will most likely fall to about 277.4 M. . Price Earnings To Growth Ratio is expected to rise to 3.14 this year, although the value of Price To Sales Ratio will most likely fall to 0.96. Carnival Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.3017

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Estimated Market Risk

 2.32
  actual daily
20
80% of assets are more volatile

Expected Return

 0.7
  actual daily
13
87% of assets have higher returns

Risk-Adjusted Return

 0.3
  actual daily
23
77% of assets perform better
Based on monthly moving average Carnival is performing at about 23% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Carnival by adding it to a well-diversified portfolio.
Price Book
3.9146
Enterprise Value Ebitda
10.5788
Price Sales
1.3748
Shares Float
1.2 B
Wall Street Target Price
24.9148

Carnival Valuation on February 29, 2024

It is possible to determine the worth of Carnival on a given historical date. On February 29, 2024 Carnival was worth 15.52 at the beginning of the trading date compared to the closed value of 15.86. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Carnival stock. Still, in general, we apply an absolute valuation method to find Carnival's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Carnival where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Carnival's related companies.
 Open High Low Close Volume
  15.72    16.12    15.43    15.47    28,772,641  
02/29/2024
  15.52    15.94    15.44    15.86    34,166,762  
  15.90    16.11    15.65    16.00    22,562,791  
Backtest Carnival  |  Carnival History  |  Carnival Valuation   PreviousNext  
Open Value
15.52
15.86
Closing Value
22.48
Upside

Carnival Trading Date Momentum on February 29, 2024

On March 01 2024 Carnival was traded for  16.00  at the closing time. Highest Carnival's price during the trading hours was 16.11  and the lowest price during the day was  15.65 . The net volume was 22.6 M. The overall trading history on the 1st of March contributed to the next trading period price upswing. The overall trading delta to the next next day price was 0.88% . The overall trading delta to current price is 3.15% .

Carnival Fundamentals Correlations and Trends

By evaluating Carnival's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Carnival's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Carnival financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Carnival Stock history

Carnival investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Carnival is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Carnival will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Carnival stock prices may prove useful in developing a viable investing in Carnival
Last ReportedProjected for Next Year
Common Stock Shares Outstanding1.5 B837.5 M
Net Loss-66.6 M-63.3 M

Carnival Stock Technical Analysis

Carnival technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Carnival technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Carnival trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Carnival Period Price Range

Low
November 22, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Carnival cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Carnival November 22, 2024 Market Strength

Market strength indicators help investors to evaluate how Carnival stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Carnival shares will generate the highest return on investment. By undertsting and applying Carnival stock market strength indicators, traders can identify Carnival entry and exit signals to maximize returns

Carnival Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Carnival's price direction in advance. Along with the technical and fundamental analysis of Carnival Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Carnival to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Carnival is a strong investment it is important to analyze Carnival's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Carnival's future performance. For an informed investment choice regarding Carnival Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carnival. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy Carnival Stock please use our How to buy in Carnival Stock guide.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Is Hotels, Resorts & Cruise Lines space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Carnival. If investors know Carnival will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Carnival listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.599
Earnings Share
1.17
Revenue Per Share
19.351
Quarterly Revenue Growth
0.152
Return On Assets
0.0425
The market value of Carnival is measured differently than its book value, which is the value of Carnival that is recorded on the company's balance sheet. Investors also form their own opinion of Carnival's value that differs from its market value or its book value, called intrinsic value, which is Carnival's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Carnival's market value can be influenced by many factors that don't directly affect Carnival's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Carnival's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carnival is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carnival's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.