Royal Caribbean Group (NYSE:RCL) shares, rose in value, with the stock price up by 0.73% to the previous day’s close as strong demand from buyers drove the stock to $136.02.
Actively observing the price movement in the last trading, the stock closed the session at $135.04. The value of beta (5-year monthly) was 2.52 whereas the PE ratio was 22.08 over 12-month period. Referring to stock’s 52-week performance, its high was $141.70, and the low was $59.37. On the whole, RCL has fluctuated by 7.10% over the past month.
With the market capitalization of Royal Caribbean Group currently standing at about $34.91 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2024 – May 06, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.3, which is expected to increase to $2.57 for fiscal year $10.06 and then to about $11.68 by fiscal year 2025. Data indicates that the EPS growth is expected to be 48.60% in 2025, while the next year’s EPS growth is forecast to be 16.10%.
Analysts have estimated the company’s revenue for the quarter at $3.68 billion, with a low estimate of $3.57 billion and a high estimate of $3.85 billion. According to the average forecast, sales growth in current quarter could jump up 27.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $16.12 billion, representing an increase of 15.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that RCL’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.80, with the price of RCL currently trading nearly 1.98% and 7.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.27, while the 7-day volatility ratio is showing 2.49% which for the 30-day chart, stands at 2.49%. Furthermore, Royal Caribbean Group (RCL)’s beta value is 2.53, and its average true range (ATR) is 3.56.
A comparison of Royal Caribbean Group (RCL) with its peers suggests the former has fared considerably weaker in the market. RCL showed an intraday change of 0.73% in last session, and over the past year, it grew by 113.20%%.
Data on historical trading for Royal Caribbean Group (NYSE:RCL) indicates that the trading volumes over the past 10 days have averaged 2.76 million and over the past 3 months, they’ve averaged 2.69 million. According to company’s latest data on outstanding shares, there are 256.42 million shares outstanding.
Nearly 8.14% of Royal Caribbean Group’s shares belong to company insiders and institutional investors own 80.53% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.68 million shares as on Mar 15, 2024, resulting in a short ratio of 6.06. According to the data, the short interest in Royal Caribbean Group (RCL) stood at 6.11% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 15.09 million. The stock has risen by 5.04% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RCL stock heading into the next quarter.
