Taking a Fresh Look at Carnival Corporation (CCL)

Carnival Corporation (CCL) is an interesting player in the Services space, with a focus on Resorts & Casinos. The stock has been active on the tape, currently trading at $68.54, up from yesterday’s close by 0.63%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

No amount of research is complete without a bird’s eye view of the financial data. Carnival Corporation (CCL) currently trades with a market capitalization of $49.68 Billion.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For CCL, the company currently has $597 Million of cash on the books, which is offset by $1.78 Billion current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $2.35 Billion over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $2.2 on a per share basis this quarter. Perhaps, that suggests something about why 56.41% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Carnival Corporation recorded a 52-week high of $69.24. It is now trading 0.69999999999999% off that level. The stock is trading $67.01 its 50-day moving average by -1.53%. The stock carved out a 52-week low down at $44.11.

In recent action, Carnival Corporation (CCL) has made a move of +1.54% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 32.83, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.88% with $409.42 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CCL.

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