As of Thursday close, Royal Caribbean Cruises Ltd.’s (NYSE:RCL) stock was down -$0.48, moving down -0.46 percent to $104.72. The average number of shares traded per day over the past five days has been 3,526,020 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.96 fall in that time frame. In the last twenty days, the average volume was 3,570,165, while in the previous 50 days, it was 3,822,242.
Since last month, RCL stock rose 1.43%. Shares of the company fell to $97.30 on 07/17/23, the lowest level in the past month. A 52-week high of $112.95 was reached on 07/28/23 after having rallying from a 52-week low of $36.92. Since the beginning of this year, RCL’s stock price has risen by 111.86% or $55.29, and marked a new high 35 times. However, the stock has declined by -7.29% since its 52-week high.
RCL stock investors should be aware that Royal Caribbean Cruises Ltd. (RCL) stock had its last reported insider trading activity 3 days ago on Aug 01. Pujol Henry L, the Chief Accounting Officer of the company, disposed of 18,908 shares for $106.74 on Aug 01. It resulted in a $2,018,295 divestment by the insider. Holtz Naftali sold 5,949 shares at an average price of $110.62 on Jul 28. The insider now owns 30,967 shares following the transaction. On May 25, Director Wilhelmsen Arne Alexander sold 318,325 shares at $77.97 apiece. The transaction was valued at $24,820,628.
Valuation Metrics
The stock’s beta is 2.47. Besides these, the trailing price-to-sales (P/S) ratio of 2.25, the price-to-book (PB) ratio of 7.96, and the price-to-cash flow ratio of 15.09 may also be considered.
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 June 29, Royal Caribbean Cruises Ltd.’s quick ratio stood at 0.20, while its current ratio was 0.20, 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 June 29 was 5.56, and the total debt-to-equity ratio was 6.06. On the profitability front, the trailing twelve-month gross margin is 38.80% percent. In the year ended June 29, EBITDA margin amounted to 5.20%, whereas operating margins totaled 10.50%. 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 -1.80%.
In Royal Caribbean Cruises Ltd.’s quarter-end financial report for June 29, it reported total debt of $18.69 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RCL’s revenue rose 38.0% to $2.89 billion during the quarter, while net income inched up to $3.52 billion. While analysts expected Royal Caribbean Cruises Ltd. to report $1.55 quarterly earnings, the actual figure was $1.82 per share, beating the consensus estimate by 17.40%. During the quarter, the company generated $1.16 billion in EBITDA. The liabilities of Royal Caribbean Cruises Ltd. were 29.38 billion at the end of its most recent quarter ended June 29, and its total debt was $21.02 billion. The value of shareholders’ equity is $256.17 million.
Technical Picture
This quick technical analysis looks at Royal Caribbean Cruises Ltd.’s (RCL) price momentum. With a historical volatility rate of 47.33%, the RSI 9-day stood at 53.77% on 03 August.
With respect to its five-day moving average, the current Royal Caribbean Cruises Ltd. price is down by -4.52% percent or -$4.96. At present, RCL shares trade +2.90% above its 20-day simple moving average and +56.63% percent above its 100-day simple moving average. However, the stock is currently trading approximately +30.36% above its SMA50 and +134.75% above its SMA200.
Stochastic coefficient K was 54.23% and Stochastic coefficient D was 62.85%, while ATR was 3.48. Given the Stochastic reading of 47.41% for the 14-day period, the RSI (14) reading has been calculated as 57.80%. As of today, the MACD Oscillator reading stands at 0.21, while the 14-day reading stands at 2.13.
Analyst Ratings
Argus upgraded its rating on Royal Caribbean Cruises Ltd. (NYSE: RCL) to a Buy in a note to investors on May 16, 2023. The analysts firm previously had a Hold 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 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Royal Caribbean Cruises Ltd. stock as buy, with 10 recommending it as overweight.
With a median target price of $118.00, the current consensus forecast for the stock is $70.00 – $139.00. Based on these forecasts, analysts predict Royal Caribbean Cruises Ltd. (RCL) will achieve an average price target of $114.97.
