Royal Caribbean Group (NYSE: RCL) is 56.32% higher on its value in year-to-date trading and has touched a low of $78.35 and a high of $197.94 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 $196.78 in the last trading session, with the day’s gains setting it 5.64%.
Currently trading at $202.42, the stock is 11.52% and 20.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.85 million and changing 2.87% at the moment leaves the stock 38.54% off its SMA200. RCL registered 135.07% gain for a year compared to 6-month gain of 59.89%. The firm has a 50-day simple moving average (SMA 50) of $168.6628 and a 200-day simple moving average (SMA200) of $146.113.
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The stock witnessed a 19.25% loss in the last 1 month and extending the period to 3 months gives it a 23.08%, and is 10.38% 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 2.34% over the week and 2.54% over the month.
Royal Caribbean Group (RCL) has around 98200 employees, a market worth around $52.11B and $15.33B in sales. Current P/E ratio is 22.58 and Fwd P/E is 14.97. Profit margin for the company is 16.32%. Distance from 52-week low is 158.35% and 2.26% from its 52-week high. The company has generated returns on investments over the last 12 months (9.48%).
with sales reaching $4.9B over the same period.The EPS is expected to grow by 70.56% this year, but quarterly earnings will post 18.80% year-over-year. Quarterly sales are estimated to grow 20.10% in year-over-year returns.
Royal Caribbean Group (RCL) Top Institutional Holders
1259.0 institutions hold shares in Royal Caribbean Group (RCL), with institutional investors hold 91.02% of the company’s shares. The shares outstanding are 256.42M, and float is at 237.00M with Short Float at 4.64%. Institutions hold 83.85% of the Float.
The top institutional shareholder in the company is CAPITAL RESEARCH GLOBAL INVESTORS with over 30.27 million shares valued at $4.83 billion. The investor’s holdings represent 11.7785% of the RCL Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL INTERNATIONAL INVESTORS with 29.33 million shares valued at $4.68 billion to account for 11.4135 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 25.81 million shares representing 10.0443% and valued at over $4.12 billion, while BLACKROCK INC. holds 6.493 of the shares totaling 16.69 million with a market value of $2.66 billion.
Royal Caribbean Group (RCL) Insider Activity
The most recent transaction is an insider sale by BETHGE LAURA H, the company’s President, Celebrity Cruises. SEC filings show that BETHGE LAURA H sold 3,073 shares of the company’s common stock on Aug 29 ’24 at a price of $168.71 per share for a total of $0.52 million. Following the sale, the insider now owns 27388.0 shares.
Still, SEC filings show that on Aug 15 ’24, Sorensen Vagn O (Director) disposed off 5,800 shares at an average price of $158.50 for $0.92 million. The insider now directly holds 25,837 shares of Royal Caribbean Group (RCL).
