Royal Caribbean Group (NYSE: RCL)’s stock price has soared by 2.43 in relation to previous closing price of 196.78. Nevertheless, the company has seen a gain of 9.91% in its stock price over the last five trading days. forbes.com reported 2024-10-11 that The stock market is likely to rally into yearend. As market watchers know, most S&P profits accrue in the fourth quarter of any year.
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 22.48x. The 36-month beta value for RCL is also noteworthy at 2.63. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 10 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for RCL is 237.00M, and at present, short sellers hold a 4.64% of that float. The average trading volume of RCL on October 15, 2024 was 2.25M shares.
RCL’s Market Performance
RCL’s stock has seen a 9.91% increase for the week, with a 18.74% rise in the past month and a 22.56% gain in the past quarter. The volatility ratio for the week is 2.23%, and the volatility levels for the past 30 days are at 2.53% for Royal Caribbean Group The simple moving average for the last 20 days is 11.07% for RCL’s stock, with a simple moving average of 37.95% for the last 200 days.
Analysts’ Opinion of RCL
Many brokerage firms have already submitted their reports for RCL stocks, with Citigroup repeating the rating for RCL by listing it as a “Buy.” The predicted price for RCL in the upcoming period, according to Citigroup is $253 based on the research report published on October 09, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see RCL reach a price target of $164. The rating they have provided for RCL stocks is “Buy” according to the report published on April 17th, 2024.
Goldman gave a rating of “Buy” to RCL, setting the target price at $162 in the report published on March 13th of the current year.
RCL Trading at 19.52% 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 able to rebound, for now settling with 1.83% of gains for the given period.
Volatility was left at 2.53%, however, over the last 30 days, the volatility rate increased by 2.23%, as shares surge +19.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.53% upper at present.
During the last 5 trading sessions, RCL rose by +9.39%, which changed the moving average for the period of 200-days by +54.35% in comparison to the 20-day moving average, which settled at $181.42. In addition, Royal Caribbean Group saw 55.65% 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 BETHGE LAURA H, who sale 3,073 shares at the price of $168.71 back on Aug 29 ’24. After this action, BETHGE LAURA H now owns 27,388 shares of Royal Caribbean Group, valued at $518,446 using the latest closing price.
LAURA BETHGE, the Officer of Royal Caribbean Group, proposed sale 3,073 shares at $168.71 during a trade that took place back on Aug 29 ’24, which means that LAURA BETHGE is holding shares at $518,446 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 2.65.
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 4.79. 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 summary, Royal Caribbean Group (RCL) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
