Last Week, Royal Caribbean Cruises Ltd. (RCL) Recorded A Gain Of $50.68


As of Friday close, Royal Caribbean Cruises Ltd.’s (NYSE:RCL) stock was down -$2.99, moving down -4.61 percent to $61.88. The average number of shares traded per day over the past five days has been 5,047,320 shares. 2 times new highs have been achieved over the past 5 days, with a -$4.98 fall in that time frame. In the last twenty days, the average volume was 3,450,965, while in the previous 50 days, it was 3,958,824.

Since last month, RCL stock retreated -18.31%. Shares of the company fell to $60.24 on 03/15/23, the lowest level in the past month. A 52-week high of $87.68 was reached on 02/09/23 after having rallying from a 52-week low of $31.09. Since the beginning of this year, RCL’s stock price has risen by 25.19% or $12.45, and marked a new high 15 times. However, the stock has declined by -29.43% since its 52-week high.

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RCL stock investors should be aware that Royal Caribbean Cruises Ltd. (RCL) stock had its last reported insider trading activity 12 days ago on Mar 06. Sorensen Vagn O, the Director of the company, disposed of 6,000 shares for $74.36 on Mar 06. It resulted in a $446,149 divestment by the insider. Wilhelmsen Arne Alexander sold 13,600 shares at an average price of $58.19 on Dec 13. The insider now owns 21,064,632 shares following the transaction. On Dec 12, Director Wilhelmsen Arne Alexander sold 78,927 shares at $57.00 apiece. The transaction was valued at $4,498,973.

Valuation Metrics

The stock’s beta is 2.47. Besides these, the trailing price-to-sales (P/S) ratio of 1.82, the price-to-book (PB) ratio of 5.51.

The latest dividend of $0.78 per share was paid out, remained unchanged from last year’s $0.78.

Financial Health

In the three months ended December 30, Royal Caribbean Cruises Ltd.’s quick ratio stood at 0.30, while its current ratio was 0.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 7.43, and the total debt-to-equity ratio was 8.15. On the profitability front, the trailing twelve-month gross margin is 26.90% percent. In the year ended December 30, operating margins totaled -9.70%. Based on annual data, RCL earned $2.23 billion in gross profit and brought in $8.84 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -3.30%. Return on equity (ROE) for the past 12 months was -64.10%.

In Royal Caribbean Cruises Ltd.’s quarter-end financial report for December 30, it reported total debt of $21.3 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. RCL’s revenue rose 62.28% to $2.99 billion during the quarter, while net income inched up to $2.6 billion. While analysts expected Royal Caribbean Cruises Ltd. to report -$1.34 quarterly earnings, the actual figure was -$1.12 per share, beating the consensus estimate by 16.40%. During the quarter, the company generated $408.86 million in EBITDA. The liabilities of Royal Caribbean Cruises Ltd. were 30.91 billion at the end of its most recent quarter ended December 30, and its total debt was $23.99 billion. The value of shareholders’ equity is $255.35 million.

Technical Picture

This quick technical analysis looks at Royal Caribbean Cruises Ltd.’s (RCL) price momentum. With a historical volatility rate of 43.53%, the RSI 9-day stood at 30.31% on 17 March.

With respect to its five-day moving average, the current Royal Caribbean Cruises Ltd. price is down by -7.45% percent or -$4.98. At present, RCL shares trade -16.27% below its 20-day simple moving average and +25.77% percent above its 100-day simple moving average. However, the stock is currently trading approximately +17.55% above its SMA50 and +6.56% above its SMA200.

Stochastic coefficient K was 17.30% and Stochastic coefficient D was 15.24%, while ATR was 3.14. Given the Stochastic reading of 10.52% for the 14-day period, the RSI (14) reading has been calculated as 35.73%. As of today, the MACD Oscillator reading stands at -3.53, while the 14-day reading stands at -5.67.

Analyst Ratings

BofA Securities upgraded its rating on Royal Caribbean Cruises Ltd. (NYSE: RCL) to a Neutral in a note to investors on February 08, 2023. The analysts firm previously had an Underperform rating on the stock.Royal Caribbean Cruises Ltd. (RCL) has been rated Overweight by analysts. According to 0 brokerage firms, RCL is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Royal Caribbean Cruises Ltd. stock as buy, with 9 recommending it as overweight.

With a median target price of $78.00, the current consensus forecast for the stock is $55.00 – $100.00. Based on these forecasts, analysts predict Royal Caribbean Cruises Ltd. (RCL) will achieve an average price target of $77.80.


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