Royal Caribbean Group (NYSE:RCL) shares, rose in value on Friday, April 26, with the stock price up by 1.05% to the previous day’s close as strong demand from buyers drove the stock to $138.92.
Actively observing the price movement in the recent trading, the stock is buoying the session at $137.47. The PE ratio was 18.05 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 -0.58% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 16.2B, with a low estimate of 3.79B and a high estimate of 4.12B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 0.66, with the price of RCL currently trading nearly 3.99% and 7.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.69, while the 7-day volatility ratio is showing 2.76% which for the 30-day chart, stands at 3.06%. Furthermore, Royal Caribbean Group (RCL)’s beta value is 2.51, and its average true range (ATR) is 3.93.
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 1.05% in today’s session so far, and over the past year, it grew by 133.24%%.
Data on historical trading for Royal Caribbean Group (NYSE:RCL) indicates that the trading volumes over the past 3 months, they’ve averaged 2.93 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 80.72% of the company’s shares. The stock has risen by 7.28% 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.
