The stock of Royal Caribbean Cruises Ltd. (NYSE:RCL) increased by $2.21 on Tuesday to finish at $100.53, up 2.25 percent. The last five days have seen an average of 2,418,760 shares of common stock traded. 35 times new highs were reached in the current year, with a gain of $51.10. The average number of shares traded over the last 20 days was 2,403,475, while the average volume over the last 50 days totaled 3,171,832.
RCL stock dropped -7.86% since last month. On 08/29/23, the company’s shares reached a one-month low of $96.90. The stock touched a high of $112.95 on 07/28/23, after rallying from a low of $36.92 in 52 weeks. The price of RCL stock has risen by 103.38% or $51.10 this year, reaching a new high 35 times. Still, the stock price is down -11.00% from the 52-week high.
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Insider Transactions
RCL stock investors should be aware that Royal Caribbean Cruises Ltd. (RCL) stock had its last reported insider trading activity 20 days ago on Aug 10. On Aug 10, Director Montiel Maritza Gomez acquired 1,000 shares at $103.70 each. This transaction resulted in the insider spending $103,700. On Aug 01, Pujol Henry L sold 18,908 shares at a price of US$106.74. After the transaction, the insider now owns 23,521 shares. Chief Financial Officer Holtz Naftali had earlier sold 5,949 shares on Jul 28 for $110.62 a share. The transaction was completed for $658,119.
Valuation Metrics
Beta for the stock is 2.48. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.13, the price-to-book (PB) ratio of 7.64, and the price-to-cash flow ratio of 14.26.
Company paid $0.78 per share in dividends, remained unchanged from $0.78 last year.
Financial Health
For the three months ended June 29, Royal Caribbean Cruises Ltd.’s quick ratio was 0.20, while its current ratio was 0.20, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 5.56, and the total debt to equity ratio is 6.06. As far as profitability goes, gross margin for the trailing twelve months is 39.20% percent. Royal Caribbean Cruises Ltd.’s EBITDA margin for the year ended June 29 was 5.20%, whereas its operating margin stood at 10.50% for the same period. Based on annual data, it had gross profit of $2.23 billion and revenue of $8.84 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RCL’s return on assets (ROA) during the last 12 months has been -0.20%. There was a -3.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -1.80%.
Earnings Surprise
According to Royal Caribbean Cruises Ltd.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.52 billion, while revenues rose by 38.0% to $2.89 billion. It was predicted that Royal Caribbean Cruises Ltd.’s quarterly earnings would be $1.82, but it ended up being $1.55, beating the consensus by 17.40%. EBITDA was $1.16 billion for the quarter. At the end of Royal Caribbean Cruises Ltd.’s most recent quarter ended June 29, its liabilities totaled 29.38 billion, while its total debt was $21.02 billion. Equity owned by shareholders amounts to $256.17 million.
Technical Picture
Here’s a quick look at Royal Caribbean Cruises Ltd.’s (RCL) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 47.71%, suggesting the stock is Neutral, with a 29.29% historical volatility rate.
The stochastic %K and %D were 25.90% and 22.92% respectively, while the average true range (ATR) was 3.11. Based on the 14-day stochastic reading of 45.60%, the RSI (14) reading is 48.20%. On the 9-day MACD Oscillator, the stock is at -0.18, and the 14-day reading is at -1.34.
Analyst Ratings
In its most recent analyst report, Argus raised its rating on Royal Caribbean Cruises Ltd. (NYSE: RCL) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Royal Caribbean Cruises Ltd. (RCL) an Overweight rating. RCL is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 10 others recommend it as a buy.
What is RCL’s price target for the next 12 months?
The current consensus forecast for the stock is between $83.00 and $139.00, with a median target price of $123.00. In analyzing these forecasts, the average price target given by analysts for Royal Caribbean Cruises Ltd. (RCL) is $119.67.
