A new trading day began on Monday, with Royal Caribbean Group (NYSE: RCL) stock price up 2.15% from the previous day of trading, before settling in for the closing price of $129.21. RCL’s price has ranged from $59.37 to $141.70 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 87.82%. Meanwhile, its annual earnings per share averaged 47.80%. With a float of $235.75 million, this company’s outstanding shares have now reached $256.42 million.
Considering the fact that the conglomerate employs 98200 people, you should pay attention to its efficiency factor.
Royal Caribbean Group (RCL) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Travel Services Industry. The insider ownership of Royal Caribbean Group is 8.14%, while institutional ownership is 80.67%. The most recent insider transaction that took place on Feb 13 ’24, was worth 1,363,486. In this transaction Pres&CEO, Royal Caribbean Intl of this company sold 11,753 shares at a rate of $116.01, taking the stock ownership to the 166,537 shares. Before that another transaction happened on Dec 14 ’23, when Company’s Director sold 284,766 for $121.73, making the entire transaction worth $34,664,565. This insider now owns 19,167,507 shares in total.
Royal Caribbean Group (RCL) Earnings and Forecasts
In its latest quarterly report, released on 12/31/2023, the company reported earnings of $1.25 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.37 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 47.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 27.50% during the next five years compared to -6.87% drop over the previous five years of trading.
Royal Caribbean Group (NYSE: RCL) Trading Performance Indicators
Here are Royal Caribbean Group’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.16. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.44. Likewise, its price to free cash flow for the trailing twelve months is 58.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.16, a number that is poised to hit 1.33 in the next quarter and is forecasted to reach 11.70 in one year’s time.
Technical Analysis of Royal Caribbean Group (RCL)
Compared to the last year’s volume of 2.75 million, its volume of 2.72 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 42.53%. Additionally, its Average True Range was 4.04.
During the past 100 days, Royal Caribbean Group’s (RCL) raw stochastic average was set at 73.28%, which indicates a significant increase from 41.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.83% in the past 14 days, which was higher than the 31.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $128.09, while its 200-day Moving Average is $110.82. Nevertheless, the first resistance level for the watch stands at $134.12 in the near term. At $136.24, the stock is likely to face the second major resistance level. The third major resistance level sits at $138.53. If the price goes on to break the first support level at $129.70, it is likely to go to the next support level at $127.41. Should the price break the second support level, the third support level stands at $125.29.
Royal Caribbean Group (NYSE: RCL) Key Stats
With a market capitalization of 33.88 billion, the company has a total of 256,679K Shares Outstanding. Currently, annual sales are 13,900 M while annual income is 1,697 M. The company’s previous quarter sales were 3,331 M while its latest quarter income was 277,070 K.
