Carnival Corporation (NYSE:CCL) is simply too cheap to pass with a price-to-sales ratio of 2.74. The competitors from Marine Transportation hold an average P/S ratio of 2.96, which offer premium compared with the sector’s 1.93. In the past 13-year record, this ratio went down as low as 0.86 and as high as 2.98. Also, it is down from 0.58 of the total 810 rivals across the globe.
CCL traded at an unexpectedly high level on 12/27/2018 when the stock experienced a 1.33% gain to a closing price of $48.13. The company saw 5.06 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 4.4 million shares a day, this signifies a pretty significant change over the norm.
Analysts are speculating a 62.06% move, based on the high target price ($78) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $68.1 price target, but the stock is already up 5.46% from its recent lows. However, the stock is trading at -33.8% versus recent highs ($72.7). Analysts believe that we could see stock price minimum in the $58 range (lowest target price), allowing for another 20.51% jump from its current position. Leading up to this report, we have seen a -21.61% fall in the stock price over the last 30 days and a -28.14% decline over the past 3 months. Overall, the share price is down -27.48% so far this year. Additionally, CCL had a day price range of $45.64 to $47.51.Carnival Corporation (CCL) Price Potential
Heading into the stock price potential, Carnival Corporation needs to grow just 43.34% to cross its median price target of $68.99. In order to determine directional movement, the 50-day and 200-day moving averages for Carnival Corporation (NYSE:CCL) are $57.43 and $59.5. Given that liquidity is king in short-term, CCL is a stock with 719.82 million shares outstanding that normally trades 2.37% of its float. The stock price recently experienced a 5-day loss of -12.51% with 1.89 average true range (ATR). CCL has a beta of 1.14 and RSI is 28.6.
Investors also need to beware of the Genworth Financial, Inc. (NYSE:GNW) valuations. The stock trades on a P/S of 0.21, which suggests that the shares are attractive compared with peers. The broad Life Insurance industry has an average P/S ratio of 2.76, which is significantly better than the sector’s 6.1. In the past 13-year record, this ratio went down as low as 0.04 and as high as 1.06. Also, it is up from 0.96 of the total 192 rivals across the globe.Genworth Financial, Inc. (GNW)’s Lead Over its Technicals
Genworth Financial, Inc. by far traveled 73.68% versus a 1-year low price of $2.66. The share price was last seen -1.7% lower, reaching at $4.62 on Dec. 27, 2018. At recent session, the prices were hovering between $4.55 and $4.7. This company shares are -2.6% up from its target price of $4.5 and the current market capitalization stands at $2.31B. The recent change has given its price a 6.5% lead over SMA 50 and -6.29% deficit over its 52-week high. The stock witnessed 1.99% gains, 11.59% gains and 6.21% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GNW’s volatility during a week at 5.16% and during a month it has been found around 4.36%.
Genworth Financial, Inc. (GNW) exchanged hands at an unexpectedly low level of 4.32 million shares over the course of the day. Noting its average daily volume at 4.38 million shares each day over the month, this signifies a pretty significant change over the norm.Genworth Financial, Inc. Target Levels
The market experts are predicting a -2.6% rally, based on the high target price ($4.5) for Genworth Financial, Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $4.5 range (lowest target price). If faced, it would be a -2.6% drop from its current position. Overall, the share price is up 48.55% year to date.