Royal Caribbean Group (NYSE:RCL) price closed lower on Tuesday, September 14, dropping -1.69% below its previous close.
A look at the daily price movement shows that the last close reads $83.84, with intraday deals fluctuated between $81.97 and $84.92. The company’s 5Y monthly beta was ticking 2.82. Taking into account the 52-week price action we note that the stock hit a 52-week high of $99.24 and 52-week low of $51.33. The stock added 4.47% on its value in the past month.
Royal Caribbean Group, which has a market valuation of $21.02 billion, is expected to release its quarterly earnings report Oct 27, 2021 – Nov 01, 2021. Analysts tracking RCL have forecast the quarterly EPS to shrink by -4.19 per share this quarter, while the same analysts predict the annual EPS to hit -$16.52 for the year 2021 and up to $0.75 for 2022. In this case, analysts estimate an annual EPS growth of 9.80% for the year and 104.50% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $616.55 million, with the likely lows of $79.71 million and highs of $1.6 billion. The average estimate suggests sales growth for the quarter will likely fall by -1,930.20% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $1.79 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow -18.80% below that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 1 upward and no downward reviews. On the technical perspective front, indicators give RCL a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as Hold.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 14 analysts have assigned RCL a recommendation rating as follows: 5 rate it as a Hold; 6 advise Buy while 1 analyst(s) assign an Overweight rating. 1 analyst(s) have tagged the Royal Caribbean Group (RCL) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that RCL’s price is at present 2.07% off the SMA20 and 3.93% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 53.57, with weekly volatility standing at 3.80%. The indicator jumps to 3.74% when calculated based on the past 30 days. Royal Caribbean Group (NYSE:RCL)’s beta value is holding at 2.82, while the average true range (ATR) indicator is currently reading 3.18. Considering analysts have assigned the stock a price target range of $60.00-$135.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $93.64. Based on this estimate, we see that current price is roughly 27.2% off the estimated low and -63.8% off the forecast high. Investors will no doubt be excited to see the share price fall to $92.00, which is the median consensus price, and at that level RCL would be -11.62% from current price.
Turning out attention to how the Royal Caribbean Group stock has performed in comparison to its peers in the industry, here’s what we find: RCL’s stock is -1.69% on the day and 16.18% in the past 12 months, while The Walt Disney Company (DIS) traded -1.39% in the last session and was positioned 38.97% up on its price 12 months ago. Another comparison is with Carnival Corporation & plc (CCL) whose stock price was down -1.93% in the last trading session, and has flourished 28.07% over the past year. Also, Carnival Corporation & plc (CCL) showed down trend of -1.93% while its price kept floating at 28.07% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -0.57% in last trading session, with the Dow Jones Industrial also saw a negative session on the day with -0.84%.
An analysis of the Royal Caribbean Group (NYSE:RCL) stock in terms of its daily trading volume indicates that the 3-month average is 4.25 million.
Current records show that the company has 254.58M in outstanding shares. The insiders’ percentage holdings are 0.50% of outstanding shares while the percentage share held by institutions stands at 71.30%. But the 10.35% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.