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Tuesday, December 5, 2023

Is Royal Caribbean Group (NYSE: RCL) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Royal Caribbean Group (RCL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.07, or 0.07%, to $97.88. The Royal Caribbean Group has recorded 68,178 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted IT’S OFFICIAL: CELEBRITY CRUISES TAKES DELIVERY OF HIGHLY ANTICIPATED CELEBRITY ASCENT.

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Stocks Info

This NYSE-listed company operates within the Travel Services industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $97.81 and fluctuated between $98.68 as its day high and $93.80 as its day low. The current market capitalization of Royal Caribbean Group is $25.06B. A total of 3.9 million shares were traded on the day, compared to an average of 3.04M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, RCL has seen 0 BUY and 5 SELL insider trades, representing the acquisition of 0 and the disposition of 21,972 shares. Over the last 12 months, there were 32 BUYs and 50 SELLs from insiders. Insiders purchased 266,963 shares during that period but sold 2,545,709.

In the most recent transaction, BETHGE LAURA H sold 3,502 shares of RCL for 86.00 per share on Oct 30. After the transaction, the President, Celebrity Cruises now owns 22,226 company shares. In a previous transaction on Sep 12, Bayley Michael W sold 10,000 shares at 100.02 per share. RCL shares that Pres& CEO,Royal Caribbean Intl owns now total 102,191.

Among the insiders who sold shares, Bayley Michael W disposed of 10,000 shares on Sep 06 at a per-share price of $97.43. This resulted in the Pres& CEO,Royal Caribbean Intl holding 112,191 shares of RCL after the transaction. In another insider transaction, Montiel Maritza Gomez bought 1,000 shares at $103.70 per share on Aug 10. Company shares held by the Director now total 13,592.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for RCL in the last 3 months, the mean price target is $120.06 with high estimates of $140.00 and low estimates of $94.00. In terms of 52-week highs and lows, RCL has a high of $112.95 and a low of $47.91.

As of this writing, RCL has an earnings estimate of $1.09 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $1.16 per share and a lower estimate of $1.02. The company reported an EPS of $1.82 in the last quarter, which was 17.40% higher than expectations of $1.55.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $17.26, while its Total Shareholder’s Equity was $5.09B.

Analysts Opinion

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. 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 4.50.

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