Royal Caribbean Cruises Ltd. (NYSE:RCL) finished Thursday with an addition of $0.24 to close at $47.00, an upside of 0.51 percent. An average of 7,699,740 shares of common stock have been traded in the last five days. There was a fall of -$3.83 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 6,682,500 shares traded, while the 50-day average volume stands at 7,369,558.
RCL stock has increased by 20.64% in the last month. The company shares reached their 1-month lowest point of $38.23 on 08/23/22. With the stock rallying to its 52-week high on 02/10/22, shares of the company touched a low of $31.09 and a high of $98.27 in 52 weeks. It has reached a new high 7 times so far this year and lost -38.88% or -$29.90 in price. In spite of this, the price is down -52.17% from the 52-week high.
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178 days have passed since Royal Caribbean Cruises Ltd. (RCL) last reported insider trading activity. Bayley Michael W, who is Pres& CEO,Royal Caribbean Intl, most recently acquired $3,637 shares at $80.00 per share on Mar 29. In this transaction, the insider spent $290,960. Pres& CEO,Royal Caribbean Intl, Bayley Michael W, disposed of 3,859 shares at a price of $77.02 on Mar 25. The insider now owns more than $297,222 worth of shares. Prior to that, Pres& CEO,Royal Caribbean Intl Bayley Michael W went on to Sale 2,529 shares at $85.92 each on Feb 15. An amount of $217,286 was transacted.
Royal Caribbean Cruises Ltd. (RCL) stock’s beta is 2.38. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.58, the price-to-book (PB) ratio at 3.53.
The quick ratio of Royal Caribbean Cruises Ltd. for the three months ended June 29 was 0.30, and the current ratio was 0.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 5.22 and a total debt to equity ratio of 6.83 for the quarter ending June 29. Its gross profit as reported stood at -$1.13 billion compared to revenue of $1.53 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Royal Caribbean Cruises Ltd.’s return on assets was -13.60%.
For the three-month period that ended June 29, Royal Caribbean Cruises Ltd. had $17.75 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$521.58 million in the quarter, while revenues of -$1.17 billion were shrunk -158.3%. The analyst consensus anticipated Royal Caribbean Cruises Ltd.’s latest quarter earnings to come in at -$2.2 per share, but it turned out to be -$2.08, a 5.50% surprise. For the quarter, EBITDA amounted to $174.44 million. Shareholders own equity worth $255.06 million.
From a technical analysis perspective, let’s take a brief look at Royal Caribbean Cruises Ltd. (RCL) price momentum. RSI 9-day as of the close on 22 September was 52.57%, suggesting the stock is Neutral, with historical volatility in this time frame at 51.74%.
As of today, RCL’s price is $48.88 -7.53% or -$3.83 from its 5-day moving average. RCL is currently trading +12.06% higher than its 20-day SMA and -39.53% lower than its 100-day SMA. However, the stock’s current price level is +44.08% above the SMA50 and -34.95% below the SMA200.
The stochastic %K and %D were 64.20% and 74.52%, respectively, and the average true range (ATR) was 2.61. With the 14-day stochastic at 55.68% and the average true range at 2.57, the RSI (14) stands at 55.78%. The stock has reached -0.99 on the 9-day MACD Oscillator while the 14-day reading was at 0.77.
Barclays launched coverage on Royal Caribbean Cruises Ltd. (NYSE: RCL) in its analyst report released on June 29, 2022. The firm assigned the stock an Overweight rating. The consensus rating for Royal Caribbean Cruises Ltd. (RCL) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell RCL, while 6 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.
What is RCL’s price target for the next 12 months?
Analysts predict a range of price targets between $35.00 and $135.00, with a median target of $58.00. Taking a look at these predictions, the average price target given by analysts for Royal Caribbean Cruises Ltd. (RCL) stock is $60.50.