rts logo

These Numbers Show Favorable Signs for Royal Caribbean Group (RCL)

Royal Caribbean Group (NYSE: RCL) is 6.15% higher on its value in year-to-date trading and has touched a low of $59.37 and a high of $141.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RCL stock was last observed hovering at around $140.56 in the last trading session, with the day’s loss setting it -3.11%.

Currently trading at $137.45, the stock is 4.33% and 9.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.5 million and changing -2.21% at the moment leaves the stock 26.84% off its SMA200. RCL registered 112.38% gain for a year compared to 6-month gain of 49.18%. The firm has a 50-day simple moving average (SMA 50) of $4.09 and a 200-day simple moving average (SMA200) of $12.48.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

The stock witnessed a 10.61% loss in the last 1 month and extending the period to 3 months gives it a 6.15%, and is 0.87% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.38% over the week and 2.35% over the month.

Royal Caribbean Group (RCL) has around 98200 employees, a market worth around $35.28B and $13.90B in sales. Current P/E ratio is 22.31 and Fwd P/E is 11.85. Profit margin for the company is 12.22%. Distance from 52-week low is 131.51% and -2.94% from its 52-week high. The company has generated returns on investments over the last 12 months (6.77%).

Royal Caribbean Group quarterly earnings per share for the current quarter are estimated at $1.3 with sales reaching $3.68B over the same period.The EPS is expected to grow by 47.11% this year, but quarterly earnings will post 15.90% year-over-year. Quarterly sales are estimated to grow 27.50% in year-over-year returns.

Royal Caribbean Group (RCL) Top Institutional Holders

1,126 institutions hold shares in Royal Caribbean Group (RCL), with institutional investors hold 87.98% of the company’s shares. The shares outstanding are 256.42M, and float is at 235.75M with Short Float at 6.65%. Institutions hold 80.98% of the Float.

The top institutional shareholder in the company is Capital International Investors with over 29.67 million shares valued at $3.08 billion. The investor’s holdings represent 11.58% of the RCL Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital Research Global Investors with 28.27 million shares valued at $2.93 billion to account for 11.03% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 24.43 million shares representing 9.54% and valued at over $2.53 billion, while Blackrock Inc. holds 5.80% of the shares totaling 14.85 million with a market value of $1.54 billion.

Royal Caribbean Group (RCL) Insider Activity

The most recent transaction is an insider sale by Bayley Michael W,the company’sPres&CEO, Royal Caribbean Intl. SEC filings show that Bayley Michael W sold 11,753 shares of the company’s common stock on Feb 13 ’24 at a price of $116.01 per share for a total of $1.36 million. Following the sale, the insider now owns 0.17 million shares.

Royal Caribbean Group disclosed in a document filed with the SEC on Dec 14 ’23 that Wilhelmsen Arne Alexander (Director) sold a total of 284,766 shares of the company’s common stock. The trade occurred on Dec 14 ’23 and was made at $121.73 per share for $34.66 million. Following the transaction, the insider now directly holds 19.17 million shares of the RCL stock.

Still, SEC filings show that on Dec 13 ’23, Wilhelmsen Arne Alexander (Director) disposed off 400,000 shares at an average price of $119.98 for $47.99 million. The insider now directly holds 19,452,273 shares of Royal Caribbean Group (RCL).

Related Posts