1 Cheap Stock Down 79%: Is It a No-Brainer Buying Opportunity?
Even though the S 500 is near record territory, it doesn't mean that all businesses have seen their shares reach all-time highs in recent times. Some stocks are still significantly below their high-water marks.
Look no further than (NYSE: CCL). As of this writing, shares are 79% below their peak.
It's no surprise that the company was decimated during the height of the pandemic as its operations were halted to stop the spread of the virus. However, this cruise line stock was down 23% in the 24 months before the start of 2020, indicative of ongoing investor pessimism.
Source Fool.com
Carnival plc Stock
€13.66
-1.800%
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Carnival plc stock is not clear.
As a result the target price of 14 € shows a slightly positive potential of 2.49% compared to the current price of 13.66 € for Carnival plc.
