Royal Caribbean Cruises Ltd. (NYSE: RCL) Stock: Does It Have The Potential To Rise? – Marketing Sentinel
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Royal Caribbean Cruises Ltd. (NYSE: RCL) Stock: Does It Have The Potential To Rise?

In today’s recent session, 1.79 million shares of the Royal Caribbean Cruises Ltd. (NYSE:RCL) have been traded, and its beta is 2.49. Most recently the company’s share price was $37.35, and it changed around $0.32 or 0.86% from the last close, which brings the market valuation of the company to $8.90B. RCL at last check was trading at a discount to its 52-week high of $98.27, offering almost -163.11% off that amount. The share price’s 52-week low was $34.10, which indicates that the recent value has risen by an impressive 8.7% since then. We note from Royal Caribbean Cruises Ltd.’s average daily trading volume that its 10-day average is 7.81 million shares, with the 3-month average coming to 4.09 million.

Royal Caribbean Cruises Ltd. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.50. If we narrow it down even further, the data shows that 1 out of 16 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 6 recommended RCL as a Hold, whereas 7 deemed it a Buy, and 1 rated it as Underweight. Royal Caribbean Cruises Ltd. is expected to report earnings per share of -$2.24 for the current quarter.

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Royal Caribbean Cruises Ltd. (NYSE:RCL) trade information

Instantly RCL has been showing a green trend so far today with a performance of 0.86% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 40.40 on Tuesday, 06/21/22 increased the stock’s daily price by 7.55%. The company’s shares are currently down -51.85% year-to-date, but still down -10.34% over the last five days. On the other hand, Royal Caribbean Cruises Ltd. (NYSE:RCL) is -35.52% down in the 30-day period. We can see from the shorts that 12.41 million shares have been sold at a short interest cover period of 4.62 day(s).

The consensus price target as assigned by Wall Street analysts is $78.00, which translates to bulls needing to increase their stock price by 52.12% from its current value. Analyst projections state that RCL is forecast to be at a low of $50.00 and a high of $136.00. In order for the stock price to hit the forecast high, the stock would need to plunge -264.12% from its current level, while the stock would need to crash -33.87% from its current level to reach the projected low.

Royal Caribbean Cruises Ltd. (RCL) estimates and forecasts

Royal Caribbean Cruises Ltd. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -48.86 percent over the past six months and at a 68.06% annual growth rate that is well above the industry average of 30.40%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will gain 55.70% in revenue this quarter, and will report an increase of 117.30% in the next quarter. The year-over-year growth rate is expected to be 482.10%, up from the previous year.

Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $2.13 billion in revenue for the current quarter. 9 analysts expect Royal Caribbean Cruises Ltd. to make $3.06 billion in revenue for the quarter ending Sep 2022. The company’s sales for the same quarters a year ago were $149.69 million and $456.96 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1,321.10%. Forecasts for the next quarter put sales growth at 569.10%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -40.70%.

RCL Dividends

Royal Caribbean Cruises Ltd.’s next quarterly earnings report is expected to be released around April 27 and May 02.

Royal Caribbean Cruises Ltd. (NYSE:RCL)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 13.81% of Royal Caribbean Cruises Ltd. shares, and 76.47% of them are in the hands of institutional investors. The stock currently has a share float of 88.72%. Royal Caribbean Cruises Ltd. stock is held by 964 institutions, with Capital International Investors being the largest institutional investor. By Dec 30, 2021, it held 10.73% of the shares, which is about 27.36 million shares worth $2.1 billion.

Capital Research Global Investors, with 9.31% or 23.74 million shares worth $1.83 billion as of Dec 30, 2021, holds the second largest percentage of outstanding shares.

Growth Fund Of America Inc and Investment Company Of America were the top two Mutual Funds as of Feb 27, 2022. The former held 19.63 million shares worth $1.58 billion, making up 7.70% of all outstanding shares. On the other hand, Investment Company Of America held roughly 11.67 million shares worth around $897.62 million, which represents about 4.58% of the total shares outstanding.

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