Royal Caribbean Group (NYSE: RCL) has experienced a decline in its stock price by -1.05 compared to its previous closing price of 161.43. However, the company has seen a gain of 3.34% in its stock price over the last five trading days. zacks.com reported 2024-08-19 that Discretionary stocks like Royal Caribbean Cruises Ltd. (RCL), Interface, Inc. (TILE), Cinemark Holdings, Inc. (CNK) and Traeger, Inc. (COOK) are poised to gain once the Fed starts its rate cuts.
Is It Worth Investing in Royal Caribbean Group (NYSE: RCL) Right Now?
The price-to-earnings ratio for Royal Caribbean Group (NYSE: RCL) is above average at 17.82x, Company’s 36-month beta value is 2.62.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 10 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for RCL is 236.43M, and currently, short sellers hold a 6.87% ratio of that floaft. The average trading volume of RCL on August 20, 2024 was 2.41M shares.
RCL’s Market Performance
RCL’s stock has seen a 3.34% increase for the week, with a -5.22% drop in the past month and a 8.15% gain in the past quarter. The volatility ratio for the week is 2.89%, and the volatility levels for the past 30 days are at 4.15% for Royal Caribbean Group The simple moving average for the past 20 days is 3.51% for RCL’s stock, with a 19.47% 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 1.67% 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 -7.86% of loss for the given period.
Volatility was left at 4.15%, however, over the last 30 days, the volatility rate increased by 2.89%, as shares sank -6.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.20% upper at present.
During the last 5 trading sessions, RCL rose by +3.19%, which changed the moving average for the period of 200-days by +87.06% in comparison to the 20-day moving average, which settled at $153.76. In addition, Royal Caribbean Group saw 23.36% 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 Sorensen Vagn O, who sale 5,800 shares at the price of $158.50 back on Aug 15 ’24. After this action, Sorensen Vagn O now owns 25,837 shares of Royal Caribbean Group, valued at $919,300 using the latest closing price.
Sorensen Vagn O, the Officer of Royal Caribbean Group, proposed sale 5,800 shares at $158.50 during a trade that took place back on Aug 14 ’24, which means that Sorensen Vagn O is holding shares at $919,300 based on the most recent closing price.
Stock Fundamentals for RCL
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.39 for the gross margin
The net margin for Royal Caribbean Group stands at 0.16. The total capital return value is set at 0.14. Equity return is now at value 53.38, with 7.16 for asset returns.
Based on Royal Caribbean Group (RCL), the company’s capital structure generated 0.78 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 3.47. The interest coverage ratio of the stock is 4.6.
Currently, EBITDA for the company is 4.34 billion with net debt to EBITDA at 4.08. When we switch over and look at the enterprise to sales, we see a ratio of 4.07. The receivables turnover for the company is 37.21for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.19.
Conclusion
In a nutshell, Royal Caribbean Group (RCL) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
