Royal Caribbean Group (NYSE:RCL) saw a downside of -0.56% to close Tuesday at $90.46 after subtracting -$0.51 on the day. The 5-day average trading volume is 2,575,860 shares of the company’s common stock. It has gained $98.98 in the past week and touched a new high 1 time within the past 5 days. An average of 2,822,815 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,924,208.
RCL’s 1-month performance is -9.33% or -$9.31 on its low of $89.56 reached on 09/25/23. 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 83.01% or $41.03 and has reached a new high 35 times. However, the current price is down -19.91% from the 52-week high price.
Insider Transactions
RCL stock investors last saw insider trading activity on Sep 12.Bayley Michael W (Pres& CEO,Royal Caribbean Intl) most recently sold 10,000 shares at $100.02 per share on Sep 12. This transaction cost the insider $1,000,215. Pres& CEO,Royal Caribbean Intl, Bayley Michael W, sold 10,000 shares at a price of $97.43 on Sep 06. Then, on Aug 01, Chief Accounting Officer Pujol Henry L sold 18,908 shares at a price of $106.74 per share. This transaction amounted to $2,018,295.
Valuation Metrics
RCL stock has a beta of 2.48. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.93 while the price-to-book (PB) in the most recent quarter is 6.89, with the price to cash flow ratio at 12.93.
Royal Caribbean Group’s quick ratio for the period ended June 29 was 0.18, 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 5.72, while the total debt to equity was 6.25.. In terms of profitability, the gross margin trailing 12 months is 25.30%. The trailing 12-month EBITDA margin is 5.20% while for the period ending June 29, Royal Caribbean Group’s operating margin was 11.15%. 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 Group (RCL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 27.81% to suggest the stock is trending oversold, with historical volatility in this time period at 30.27%.
The stock’s 5-day moving average is $92.64, reflecting a -7.99% or -$7.86 change from its current price. RCL is currently trading -7.99% above its 20-day SMA, +34.85% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -8.40% and SMA200 by+59.99%.
Stochastic %K and %D was 7.81% and 10.06% and the average true range (ATR) pointed at 2.82. The RSI (14) points at 32.78%, while the 14-day stochastic is at 8.29% with the period’s ATR at 2.87. The stock’s 9-day MACD Oscillator is pointing at -4.07 and -5.05 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Royal Caribbean Group (NYSE: RCL), Truist 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 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 11 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 $98.00 and a high of $139.00, with their median price target at $125.00. Looking at these predictions, the average price target given by analysts is for Royal Caribbean Group (RCL) stock is $122.60.
