Royal Caribbean Cruises Ltd. (NYSE:RCL) traded at $47.46 at last check on Monday, June 29, making an upward move of 3.64% on its previous day’s price.
Looking at the stock we see that its previous close was $46.41 and the beta (5Y monthly) reads 2.52 with the day’s price range being $45.06 – 48.43. The company has a 12-month trailing PE ratio of 54.8. In terms of its 52-week price range, RCL has a high of $135.32 and a low of $19.25. The company’s stock has gained about -10.23% over that past 30 days.
Royal has a market cap of $10.09 Billion and is expected to release its quarterly earnings report on Jul 23, 2020- Jul 27, 2020. With its Forward Dividend at 3.12 and a yield of 6.72%, the company’s investors could be anxious for the RCL stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$4.65, with the EPS growth for the year declined at -$13.1 for 2020 and -$2.52 for next year. These figures represent -2.37% and at -0.81% growth in EPS for the two years respectively.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the RCL stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 19 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 9 have rated the Royal Caribbean Cruises Ltd. (RCL) stock as a Hold, while 8 rate it as a Buy. None analysts rate it as outperform while 1 of them rated it as underperform, whereas 1 suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the RCL stock currently stands at 0, and the current price level is -17.54% off its SMA20 and 0.53% from its 50-day simple moving average. The RSI (14) is pointing at 43.14 while the volatility over the past week is 8.6% and jumps to 9.25% over the past one month. The beta value is 2.51, while the average true range (ATR) is currently pointing at 5.72. The average price target for the stock over the next 12 months is $53.43, with the estimates having a low of $23 and a high of $85. These price ends are -51.54% and +79.1% off the current price level respectively, although investors could be excited at the prospect of a +11.67% if the RCL share price touches on the median price of $53.
Let’s briefly compare Royal (RCL) stock to its peers. We find that today’s price change of +3.64% and -61.07% over the past 12 months for RCL competes that of Trip.com Group Ltd (TCOM), which has seen its stock price fall -1.21% in the latest trading session and is -29.91% over the last one year. Another of its peers Live Nation Entertainment (LYV) has climbed 3.28% today, but is -36.32% down over the past year, while Carnival Corp (CCL) is also up 3.64% yet its price remains in the red at -61.07% over the same period. Trip.com has a P/E ratio of 0 compared to Royal’s 54.66 and Live’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.81% and 1.11%, respectively, in early deals.
Coming back to Royal Caribbean Cruises Ltd. (NYSE:RCL), we note that the average 3-month trading volume was 24.03 Million, while that of the preceding 10-day period stands at 22.09 Million. Current shares outstanding are 209.38 Million.
According to data from Thomson Reuters, insiders hold 18.45% of the company’s shares while institutions hold 75.9%. The data shows that short shares as of June 14, 2020, stood at 24.97 Million at a short ratio of 0.97. This represents a 11.93% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 25.28 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -65.24% down in year-to-date price movement.