On Monday, Cruise company Carnival began a tender offer to purchase up to $2 billion of 11.5% senior secured notes due 2023. The company could issue new first-priority debt to finance the buyback.
Carnival issued the notes in April 2020 to boost its cash reserves, as the COVID pandemic wreaked havoc on the cruise industry. The offer on the notes pays back holders $1.1125 on the dollar.
Last week, Carnival revealed that it may sell up to $500 million of shares, and would use the funds to buy ordinary shares of Carnival Plc, trading in the U.K., and for general purposes.
The company announced last month that it plans to have all 91 of its ships back to service by next spring.
CCL saw its Momentum Indicator move above the 0 level on May 04, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 78 similar instances where the indicator turned positive. In of the 78 cases, the stock moved higher in the following days. The odds of a move higher are at .
The Moving Average Convergence Divergence (MACD) for CCL just turned positive on May 02, 2023. Looking at past instances where CCL's MACD turned positive, the stock continued to rise in of 37 cases over the following month. The odds of a continued upward trend are .
CCL moved above its 50-day moving average on May 05, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for CCL crossed bullishly above the 50-day moving average on May 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CCL advanced for three days, in of 289 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 226 cases where CCL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The 10-day RSI Indicator for CCL moved out of overbought territory on May 19, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 similar instances where the indicator moved out of overbought territory. In of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CCL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CCL broke above its upper Bollinger Band on May 08, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CCL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.403) is normal, around the industry mean (10.290). P/E Ratio (0.000) is within average values for comparable stocks, (59.380). CCL's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.133). Dividend Yield (0.000) settles around the average of (0.036) among similar stocks. P/S Ratio (0.920) is also within normal values, averaging (28.622).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CCL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an operator of luxury cruises ships
A.I.dvisor indicates that over the last year, CCL has been closely correlated with NCLH. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if CCL jumps, then NCLH could also see price increases.
|NCLH - CCL|
|RCL - CCL|
|EXPE - CCL|
|TNL - CCL|
|BKNG - CCL|