Royal Caribbean Cruises Ltd. [NYSE: RCL] plunged by -$0.48 during the normal trading session on Wednesday and reaching a high of $56.33 during the day while it closed the day at $55.28. The company report on December 14, 2022 that Celebrity Cruises Launches the World’s First Digital Cruise Ship Experience in the metaverse.
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In a groundbreaking industry-first, travelers can now immerse themselves with a Celebrity ship before they ever set sail in the brand’s all-new, ‘Wonderverse.’.
Visitors can also explore and book vacation itineraries; chat with ship designers and leaders including beloved American interior designer Nate Berkus, Captain Kate McCue, and the line’s President and CEO Lisa Lutoff-Perlo.
Royal Caribbean Cruises Ltd. stock has also loss -2.23% of its value over the past 7 days. However, RCL stock has inclined by 8.75% in the 3 months of the year. Over the past six months meanwhile, it has gained 39.28% and lost -28.11% year-on date.
The market cap for RCL stock reached $14.33 billion, with 255.07 million shares outstanding and 219.97 million shares in the current float. Compared to the average trading volume of 6.50M shares, RCL reached a trading volume of 4545519 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Royal Caribbean Cruises Ltd. [RCL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RCL shares is $64.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RCL stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Royal Caribbean Cruises Ltd. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on December 06, 2022. While these analysts kept the previous recommendation, Barclays raised their target price to Overweight. The new note on the price target was released on June 29, 2022, representing the official price target for Royal Caribbean Cruises Ltd. stock. Previously, the target price had yet another raise to $70, while Susquehanna analysts kept a Positive rating on RCL stock.
The Average True Range (ATR) for Royal Caribbean Cruises Ltd. is set at 2.56, with the Price to Sales ratio for RCL stock in the period of the last 12 months amounting to 1.98. The Price to Book ratio for the last quarter was 4.40, with the Price to Cash per share for the same quarter was set at 6.04.
RCL stock trade performance evaluation
Royal Caribbean Cruises Ltd. [RCL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.23. With this latest performance, RCL shares dropped by -4.80% in over the last four-week period, additionally plugging by 39.28% over the last 6 months – not to mention a drop of -22.79% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RCL stock in for the last two-week period is set at 45.63, with the RSI for the last a single of trading hit 37.51, and the three-weeks RSI is set at 50.07 for Royal Caribbean Cruises Ltd. [RCL]. The present Moving Average for the last 50 days of trading for this stock 53.27, while it was recorded at 56.27 for the last single week of trading, and 54.08 for the last 200 days.
Royal Caribbean Cruises Ltd. [RCL]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Royal Caribbean Cruises Ltd. [RCL] shares currently have an operating margin of -248.82 and a Gross Margin at -159.51. Royal Caribbean Cruises Ltd.’s Net Margin is presently recorded at -343.34.
Return on Equity for this stock declined to -75.98, with Return on Assets sitting at -16.26.
Royal Caribbean Cruises Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.30.
Royal Caribbean Cruises Ltd. [RCL]: Insider Ownership positions
There are presently around $10,290 million, or 73.80% of RCL stock, in the hands of institutional investors. The top three institutional holders of RCL stocks are: CAPITAL INTERNATIONAL INVESTORS with ownership of 29,752,966, which is approximately 0.009% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 23,631,679 shares of the stock with an approximate value of $1.31 billion in RCL stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $1.27 billion in RCL stock with ownership of nearly 45.193% of the company’s market capitalization.
Positions in Royal Caribbean Cruises Ltd. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 268 institutional holders increased their position in Royal Caribbean Cruises Ltd. [NYSE:RCL] by around 19,772,634 shares. Additionally, 267 investors decreased positions by around 16,161,777 shares, while 108 investors held positions by with 150,205,321 shares. The mentioned changes placed institutional holdings at 186,139,732 shares, according to the latest SEC report filing. RCL stock had 75 new institutional investments in for a total of 2,860,960 shares, while 69 institutional investors sold positions of 1,660,385 shares during the same period.