Royal Caribbean Group (NYSE: RCL) has a higher price-to-earnings ratio of 22.46x compared to its average ratio. RCL has 36-month beta value of 2.63. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 10 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for RCL is 236.63M, and currently, short sellers hold a 6.70% ratio of that float. The average trading volume of RCL on July 23, 2024 was 2.17M shares.
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RCL) stock’s latest price update
The stock of Royal Caribbean Group (NYSE: RCL) has increased by 1.68 when compared to last closing price of 168.53. Despite this, the company has experienced a -0.42% fall in its stock price over the last five trading sessions. zacks.com reported 2024-07-23 that Here is how Royal Caribbean (RCL) and Cinemark Holdings (CNK) have performed compared to their sector so far this year.
RCL’s Market Performance
Royal Caribbean Group (RCL) has seen a -0.42% fall in stock performance for the week, with a 13.40% gain in the past month and a 29.83% surge in the past quarter. The volatility ratio for the week is 2.58%, and the volatility levels for the past 30 days are at 2.53% for RCL. The simple moving average for the past 20 days is 5.68% for RCL’s stock, with a 35.11% simple moving average for the past 200 days.
Analysts’ Opinion of RCL
Many brokerage firms have already submitted their reports for RCL stocks, with Mizuho repeating the rating for RCL by listing it as a “Buy.” The predicted price for RCL in the upcoming period, according to Mizuho is $164 based on the research report published on April 17, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see RCL reach a price target of $162. The rating they have provided for RCL stocks is “Buy” according to the report published on March 13th, 2024.
Citigroup gave a rating of “Buy” to RCL, setting the target price at $127 in the report published on November 21st of the previous year.
RCL Trading at 11.13% from the 50-Day Moving Average
After a stumble in the market that brought RCL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.74% of loss for the given period.
Volatility was left at 2.53%, however, over the last 30 days, the volatility rate increased by 2.58%, as shares surge +11.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.53% upper at present.
During the last 5 trading sessions, RCL rose by +0.10%, which changed the moving average for the period of 200-days by +92.76% in comparison to the 20-day moving average, which settled at $163.04. In addition, Royal Caribbean Group saw 32.34% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RCL starting from Fain Richard D, who sale 19,584 shares at the price of $153.96 back on Jun 13 ’24. After this action, Fain Richard D now owns 179,117 shares of Royal Caribbean Group, valued at $3,015,153 using the latest closing price.
Lake Robert Alexander, the SVP, CLO, Secretary & CCO of Royal Caribbean Group, sale 7,750 shares at $148.78 during a trade that took place back on Jun 03 ’24, which means that Lake Robert Alexander is holding 19,647 shares at $1,153,045 based on the most recent closing price.
Stock Fundamentals for RCL
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.41 for the gross margin
The net margin for Royal Caribbean Group stands at 0.14. The total capital return value is set at 0.13. Equity return is now at value 52.63, with 6.19 for asset returns.
Based on Royal Caribbean Group (RCL), the company’s capital structure generated 0.8 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 3.93. The interest coverage ratio of the stock is 2.31.
Currently, EBITDA for the company is 4.34 billion with net debt to EBITDA at 4.27. When we switch over and look at the enterprise to sales, we see a ratio of 4.41. The receivables turnover for the company is 32.4for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.19.
Conclusion
To put it simply, Royal Caribbean Group (RCL) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
