Royal Caribbean Cruises Ltd. (NYSE:RCL) saw an upside of 3.98% to close Monday at $108.06 after adding $4.14 on the day. The 5-day average trading volume is 3,139,720 shares of the company’s common stock. It has gained $108.70 in the past week and touched a new high 1 time within the past 5 days. An average of 3,615,140 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,795,426.
RCL’s 1-month performance is 5.93% or $6.05 on its low of $97.30 reached on 07/17/23. The company’s shares have touched a 52-week low of $36.92 and high of $112.95, with the stock’s rally to the 52-week high happening on 07/28/23. YTD, RCL has achieved 118.61% or $58.63 and has reached a new high 35 times. However, the current price is down -4.33% from the 52-week high price.
Insider Transactions
RCL stock investors last saw insider trading activity on Aug 01.Pujol Henry L (Chief Accounting Officer) most recently sold 18,908 shares at $106.74 per share on Aug 01. This transaction cost the insider $2,018,295. Chief Financial Officer, Holtz Naftali, sold 5,949 shares at a price of $110.62 on Jul 28. Then, on May 25, Director Wilhelmsen Arne Alexander sold 318,325 shares at a price of $77.97 per share. This transaction amounted to $24,820,628.
Valuation Metrics
RCL stock has a beta of 2.47. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.32 while the price-to-book (PB) in the most recent quarter is 8.22, with the price to cash flow ratio at 15.56.
Royal Caribbean Cruises Ltd.’s quick ratio for the period ended June 29 was 0.20, with the current ratio over the same period at 0.20. As well, the company’s long term debt to equity for the quarter ending June 29 was 5.56, while the total debt to equity was 6.06. In terms of profitability, the gross margin trailing 12 months is 39.20%. The trailing 12-month EBITDA margin is 5.20% while for the period ending June 29, Royal Caribbean Cruises Ltd.’s operating margin was 10.50%. The firm’s gross profit as reported stood at $2.23 billion against revenue of $8.84 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 213.69% to $458.76 million, while revenue of -$47.91 million was 110.44% off the previous quarter. Analysts expected RCL to announce $1.55 per share in earnings in its latest quarter, but it posted $1.82, representing a 17.40% surprise. EBITDA for the quarter stood at more than $1.16 billion. RCL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 29.38 billion, with total debt at $21.02 billion. Shareholders hold equity totaling $256.17 million.
Let’s look briefly at Royal Caribbean Cruises Ltd. (RCL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 63.22% to suggest the stock is trending Neutral, with historical volatility in this time period at 50.01%.
The stock’s 5-day moving average is $105.87, reflecting a -0.96% or -$1.05 change from its current price. RCL is currently trading +4.71% above its 20-day SMA, +67.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +39.87% and SMA200 by+122.71%.
Stochastic %K and %D was 51.10% and 50.31% and the average true range (ATR) pointed at 3.53. The RSI (14) points at 63.47%, while the 14-day stochastic is at 66.94% with the period’s ATR at 3.33. The stock’s 9-day MACD Oscillator is pointing at -0.83 and 0.92 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Royal Caribbean Cruises Ltd. (NYSE: RCL), Argus upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for RCL stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate RCL as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 10 have offered a “buy” rating.
What is RCL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $83.00 and a high of $139.00, with their median price target at $118.00. Looking at these predictions, the average price target given by analysts is for Royal Caribbean Cruises Ltd. (RCL) stock is $118.47.
