(NYSE: CCL) (NYSE: CUK) has completed most of its recovery from the COVID-19 pandemic, which had decimated its business. Sales hit a second-quarter record this year, and bookings and deposits were at all-time highs. However, shares of the cruise line are still 75% lower than they were five years ago -- before the pandemic hit. That means the stock has a ways to go even as it has risen some 90% this year.

Let's see why it's still down, where you can expect it to be a year from now, and whether you should buy the stock.

Carnival stock is actually down 15% over the past month. That's likely because it achieved much of the recovery by the second quarter, and some of the continuation is already baked into the price. It may not rise more until there's further progress.

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Source Fool.com