The Street Is Finally Waking Up To Royal Caribbean Group (NYSE: RCL)

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. Earlier, Yahoo Finance discussed this stock as it revealed ROYAL CARIBBEAN GROUP REPORTS 2023 RESULTS AND EXPECTS RECORD EARNINGS IN 2024 ON STRONG DEMAND.

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Stocks Info

Royal Caribbean Group 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 $126.96 and fluctuated between $133.77 as its day high and $122.30 as its day low. The current market capitalization of Royal Caribbean Group is $32.53B. A total of 7.73 million shares were traded on the day, compared to an average of 2.61M 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 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 7,800 shares. Over the last 12 months, there were 32 BUYs and 44 SELLs from insiders. Insiders purchased 266,963 shares during that period but sold 1,095,421.

In the most recent transaction, Wilhelmsen Arne Alexander sold 284,766 shares of RCL for 121.73 per share on Dec 14. After the transaction, the Director now owns 19,167,507 company shares. In a previous transaction on Dec 13, Wilhelmsen Arne Alexander sold 400,000 shares at 119.98 per share. RCL shares that Director owns now total 19,452,273.

Among the insiders who sold shares, Wilhelmsen Arne Alexander disposed of 315,234 shares on Dec 12 at a per-share price of $120.19. This resulted in the Director holding 19,852,273 shares of RCL after the transaction. In another insider transaction, Kulovaara Harri U sold 24,707 shares at $106.90 per share on Nov 29. Company shares held by the EVP, Maritime now total 33,650.

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 $131.46 with high estimates of $165.00 and low estimates of $79.20. In terms of 52-week highs and lows, RCL has a high of $130.97 and a low of $59.37.

As of this writing, RCL has an earnings estimate of $Oracle Corporation per share for the current quarter. EPS was calculated based on a consensus of Carnival Corporation estimates, with a high estimate of $Colgate-Palmolive Company per share and a lower estimate of $Royal Caribbean Cruises Ltd.

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 $21.69B in debt and $7.29B in liabilities at the time. Its Book Value Per Share was $18.42, 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 4.53.

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