Royal Caribbean Cruises Ltd. (NYSE:RCL) shares, rose in value on Friday, August 05, with the stock price up by 0.66% to the previous day’s close as strong demand from buyers drove the stock to $39.71.
Actively observing the price movement in the recent trading, the stock is buoying the session at $39.45, falling within a range of $38.0931 and $39.758. The value of beta (5-year monthly) is 2.47. Referring to stock’s 52-week performance, its high was $98.27, and the low was $31.09. On the whole, RCL has fluctuated by 17.10% over the past month.
With the market capitalization of Royal Caribbean Cruises Ltd. currently standing at about $9.07 billion, investors are eagerly awaiting this quarter’s results, scheduled for Oct 27, 2022 – Oct 31, 2022.
Analysts have estimated the company’s revenue for the quarter at $2.97 billion, with a low estimate of $2.88 billion and a high estimate of $3.15 billion. According to the average forecast, sales growth in current quarter could jump up 549.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $8.88 billion, representing an increase of 479.80% 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 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of RCL currently trading nearly 12.32% and -3.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.52, while the 7-day volatility ratio is showing 6.45% which for the 30-day chart, stands at 5.63%. Furthermore, Royal Caribbean Cruises Ltd. (RCL)’s beta value is 2.49, and its average true range (ATR) is 2.53.
A comparison of Royal Caribbean Cruises Ltd. (RCL) with its peers suggests the former has fared considerably weaker in the market. RCL showed an intraday change of 0.66% in today’s session so far, and over the past year, it shrunk by -45.70%%. In comparison, The Walt Disney Company (DIS) has moved lower at -1.27% today and is down -37.35% over the past 12 months. On the other hand, the price of Carnival Corporation & plc (CCL) has risen 1.18% today. The stock, however, is off -53.66% from where it was a year ago. Additionally, there is a gain of 1.18% for Carnival Corporation & plc (CCL) in recent trading while the stock has seen an overall depriciation of -53.66%% over the past year. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it lost -0.12%. Meanwhile, the Dow Jones Industrial Slipped by -0.06%.
Data on historical trading for Royal Caribbean Cruises Ltd. (NYSE:RCL) indicates that the trading volumes over the past 10 days have averaged 9.8 million and over the past 3 months, they’ve averaged 6.86 million. According to company’s latest data on outstanding shares, there are 254.82 million shares outstanding.
Nearly 0.50% of Royal Caribbean Cruises Ltd.’s shares belong to company insiders and institutional investors own 75.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.21 million shares as on Jul 14, 2022, resulting in a short ratio of 2.19. According to the data, the short interest in Royal Caribbean Cruises Ltd. (RCL) stood at 6.75% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 15.17 million. The stock has fallen by -48.70% 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.