Royal Caribbean Group (NYSE:RCL) finished Friday with a subtraction of -$1.99 to close at $92.14, a downside of -2.11 percent. An average of 2,920,400 shares of common stock have been traded in the last five days. There was a gain of $0.90 in the past week, and it reached a new high 47 times over the past 12 months. The last 20 days have seen an average of 2,964,350 shares traded, while the 50-day average volume stands at 2,932,016.
RCL stock has decreased by -6.87% in the last month. The company shares reached their 1-month lowest point of $89.56 on 09/25/23. With the stock rallying to its 52-week high on 07/28/23, shares of the company touched a low of $36.92 and a high of $112.95 in 52 weeks. It has reached a new high 35 times so far this year and achieved 86.41% or $42.71 in price. In spite of this, the price is down -18.42% from the 52-week high.
Insider Transactions
RCL stock investors should be aware that Royal Caribbean Group (RCL) stock had its last reported insider trading activity 18 days ago on Sep 12. In this transaction, the insider spent $1,000,215. Pres& CEO,Royal Caribbean Intl, Bayley Michael W, disposed of 10,000 shares at a price of $97.43 on Sep 06. The insider now owns more than $974,300 worth of shares. Prior to that, Chief Accounting Officer Pujol Henry L went on to Sale 18,908 shares at $106.74 each on Aug 01. An amount of $2,018,295 was transacted.
Valuation Metrics
Royal Caribbean Group (RCL) stock’s beta is 2.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.97, the price-to-book (PB) ratio at 7.02, and the price-to-cash flow ratio at 13.17.
Financial Health
The quick ratio of Royal Caribbean Group for the three months ended June 29 was 0.18, and the current ratio was 0.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 5.72 and a total debt to equity ratio of 6.25 for the quarter ending June 29. Its gross profit as reported stood at $2.23 billion compared to revenue of $8.84 billion.
Earnings Surprise
For the three-month period that ended June 29, Royal Caribbean Group had $18.69 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $458.76 million in the quarter, while revenues of -$47.91 million were grew 213.69%. The analyst consensus anticipated Royal Caribbean Group’s latest quarter earnings to come in at $1.55 per share, but it turned out to be $1.82, a 17.40% surprise. For the quarter, EBITDA amounted to $1.16 billion. Shareholders own equity worth $256.17 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Royal Caribbean Group (RCL) price momentum. RSI 9-day as of the close on 29 September was 39.45%, suggesting the stock is Neutral, with historical volatility in this time frame at 32.02%.
As of today, RCL’s price is $91.93 +0.99% or $0.90 from its 5-day moving average. RCL is currently trading -6.87% lower than its 20-day SMA and +17.60% higher than its 100-day SMA. However, the stock’s current price level is -8.87% below the SMA50 and +61.65% above the SMA200.
The stochastic %K and %D were 29.34% and 22.66%, respectively, and the average true range (ATR) was 3.04. With the 14-day stochastic at 23.78% and the average true range at 3.00, the RSI (14) stands at 39.98%. The stock has reached -0.56 on the 9-day MACD Oscillator while the 14-day reading was at -2.20.
Analyst Ratings
Truist upgraded Royal Caribbean Group (NYSE: RCL) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Royal Caribbean Group (RCL) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RCL, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 11 others rate it as a “buy”.
What is RCL’s price target for the next 12 months?
Analysts predict a range of price targets between $98.00 and $139.00, with a median target of $125.00. Taking a look at these predictions, the average price target given by analysts for Royal Caribbean Group (RCL) stock is $122.60.
