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Wednesday, June 7, 2023

Royal Caribbean Cruises Ltd. (NYSE: RCL) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Royal Caribbean Cruises Ltd. (RCL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.01%, to $76.97. The Royal Caribbean Cruises Ltd. has recorded 151,918 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that ROYAL CARIBBEAN GROUP REPORTS FIRST QUARTER EARNINGS AND INCREASES FULL YEAR GUIDANCE ON STRONG REVENUE OUTLOOK.

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Stocks Info

Royal Caribbean Cruises Ltd. is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Travel Services industry. At the end of the last regular session, the stock closed at $76.96 and fluctuated between $77.87 as its day high and $76.25 as its day low. The current market capitalization of Royal Caribbean Cruises Ltd. is $18.71B. A total of 4.04 million shares were traded on the day, compared to an average of 3.52M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, RCL has seen 9 BUY and 20 SELL insider trades, representing the acquisition of 50,651 and the disposition of 55,862 shares. Over the last 12 months, there were 30 BUYs and 49 SELLs from insiders. Insiders purchased 246,471 shares during that period but sold 1,556,027.

In the most recent transaction, Sorensen Vagn O sold 6,000 shares of RCL for 74.36 per share on Mar 06. After the transaction, the Director now owns 29,265 company shares. In a previous transaction on Dec 13, Wilhelmsen Arne Alexander sold 13,600 shares at 58.19 per share. RCL shares that Director owns now total 21,064,632.

Among the insiders who sold shares, Wilhelmsen Arne Alexander disposed of 78,927 shares on Dec 12 at a per-share price of $57.00. This resulted in the Director holding 21,078,232 shares of RCL after the transaction. In another insider transaction, Wilhelmsen Arne Alexander sold 9,762 shares at $58.00 per share on Dec 08. Company shares held by the Director now total 21,157,159.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. RCL’s most recent ex-dividend date was 3/5/2020 when it declared a $0.78 quarterly dividend that was paid in cash on 4/6/2020. Previously, the company paid the dividend on 1/6/2020 with an ex-dividend date of 12/19/2019. The RCL stock dividend was $0.78 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for RCL in the last 3 months, the mean price target is $86.79 with high estimates of $104.00 and low estimates of $70.00. In terms of 52-week highs and lows, RCL has a high of $78.38 and a low of $31.09.

As of this writing, RCL has an earnings estimate of $1.43 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $1.68 per share and a lower estimate of $0.84. The company reported an EPS of -$1.12 in the last quarter, which was 16.40% higher than expectations of -$1.34.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. RCL’s latest balance sheet shows that the firm has $2.70B in Cash & Short Term Investments as of fiscal 2021. There were $21.66B in debt and $7.29B in liabilities at the time. Its Book Value Per Share was $11.84, while its Total Shareholder’s Equity was $5.09B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RCL is Buy with a score of 4.25.

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