Royal Caribbean Cruises Ltd. (RCL): Great Progress On All Fronts?

The stock of Royal Caribbean Cruises Ltd. (NYSE:RCL) has been Downgraded to Hold from Buy by Argus in its latest research note that was published on August 13. Deutsche Bank analysts bumped their recommendation on RCL stock from Hold to Buy in a separate flash note to investors on August 29. Analysts at Susquehanna are sticking to their Positive recommendation. However, on June 15, they lifted target price for these shares to $146 from $142.Analysts at Susquehanna, made their first call for the stock with a Positive rating, according to a research note that dated back to June 15.

Royal Caribbean Cruises Ltd., which has current market capitalization of above $23 Billion, published its last quarter earnings on June 30, 2019.

RCL surged by $0.92 during the normal trading session on Thursday and reaching a high of $114.75 during the day while it closed the day at $113.27. The Royal stock had a low trading volume of 0.97 million shares on that day, which is low compared to the average daily volume of 1.82M shares. RCL has also gained 5.92% of its value over the past 7 days. However, the stock has declined by 7.51% in the 3 months of the year. Over the past six months meanwhile, it has lost 2.73% while it has added 15.83% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -8.98% from its 3 months high price. However, taking another look at RCL will indicate that it is trading +12.55% away from its 90-day low. Looking at the bigger picture, the Royal Caribbean Cruises Ltd. stock has dropped by -15.22% from its 52-week high while it has surged by +26.59% from its 52-week low price.

On September 05, 2019 Fain Richard D, Chairman & CEO sold 20000 shares of the company. The average price for that transaction was $105.66 per share, which meant that Fain Richard D earned $2113200 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Pres&CEO, Azamara Club Cruises, Pimentel Lawrence R selling 10518 shares of this stock on August 21, 2019. The average selling price for the stock was $108.25 per share, with the sold stock accruing $1138574. Following this transaction, the Pres&CEO, Azamara Club Cruises Pimentel Lawrence R now holds 55909 shares of the company, which is worth around $6364121.

Royal has around 235 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $8 Trillion. The Royal stock is bringing in revenue of over 12 months, which is roughly 2 Trillion. Despite all that, Royal Caribbean Cruises Ltd. is seeing things progressing very much as their y-o-y quarterly revenue surged by 17.51%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 69.97%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 87.04%. Over the past 20 days, Royal’s Stochastic %K stood at 92.22% while its Stochastic %D was revealed to be 93.92%.