Why is Royal Caribbean Stock under pressure today?
Shares of Royal Caribbean are under strong pressure today amid fears about the spread of the Delta variant of coronavirus. Other cruise line stocks like Carnival and Norwegian Cruise Line Holdings are under significant pressure as well.
Is Royal Caribbean Cruises Ltd’s stock a buy at $69?
Royal Caribbean Cruises Ltd finds support from accumulated volume at $69.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
What price target do analysts set for Royal Caribbean's Stock?
What price target have analysts set for RCL? 12 brokers have issued 12 month price targets for Royal Caribbean Group's stock. Their forecasts range from $61.00 to $125.00. On average, they anticipate Royal Caribbean Group's share price to reach $97.91 in the next twelve months.
How much is a share of Royal Caribbean worth?
One share of RCL stock can currently be purchased for approximately $83.69. How much money does Royal Caribbean Group make? Royal Caribbean Group has a market capitalization of $21.32 billion and generates $2.21 billion in revenue each year.
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Why are the cruise stocks going down?
Cruise stocks were tumbling to their lowest point since 2020 on Thursday as fears intensified over rising inflation and a potential recession. Carnival (ticker: CCL ) was down 9.5% to $8.91, and was on track for its lowest close since April 2020.
Will Royal Caribbean bounce back?
Royal Caribbean, Carnival Cruise Lines Hit a Pandemic Comeback Milestone. The cruise industry has bounced back. The Royal Caribbean ship Rhapsody of the Seas has returned to service, offering seven-night Mediterranean and Greek Isles sailings from Rome.
Is Royal Caribbean financially stable?
In February 2020 (the last quarter before Covid-19), Royal Caribbean Group reported 2019 was another year of very strong performance that generated over $2 billion in adjusted net income. In 2019, Royal Caribbean Group generated $3.09 billion in onboard revenues, which was up from $2.7 billion for the year in 2018.
Will cruise line stocks go back up?
Despite being one of the hardest-hit industries by the pandemic, cruise line stocks could be poised to rebound. Recovery thus far has been uneven, however, and some of the cruise industry's early gains have been lost as the omicron variant tempers the cruise lines' ability to meet demand.
How are cruise lines doing financially?
Cruise line industry trends Revenue for each of the three largest cruise lines declined by between 73% and 80% in 2020. Although the cruise industry's annual revenue almost doubled in 2021 (from $3.36 billion to $6.65 billion), it's still far from the $27.5 billion reported in 2019.
Are cruise lines losing money?
What happened. It's Thursday, and cruise tourism stocks are sinking. As of 10 a.m. ET, shares of cruise industry leader Carnival Corporation (CCL 5.40%) are off 5%, followed by Royal Caribbean (RCL 4.73%) with a 5.4% loss and Norwegian Cruise Line Holdings (NCLH 5.55%) -- down 5.8%.
Is Royal Caribbean undervalued?
Royal Caribbean Cruises holds a recent Real Value of $48.6 per share. The prevailing price of the company is $31.25. At this time, the company appears to be undervalued.
Is Royal Caribbean profitable?
Royal Caribbean Group (ticker: RCL), for instance, recently said that operating cash-flow turned positive in April and that it expects to turn profitable in the second half of this year following two straight calendar years of heavy losses. The stock is down about 9% so far this year, ahead of the S&P 500's 13% loss.
Why did RCL stop paying dividends?
The company's ability to pay out any meaningful dividends has been permanently impaired by the levels of debt and equity financing it has gone through during the pandemic.
Is now a good time to invest in cruise lines?
The key investor takeaway is that now is the time to buy the cruise lines. Carnival is finally in a position to return to normal operations by May and the stock trades down nearly $10 from the 2021 highs. Investors have fled the stock just as the risks of extended restrictions are starting to disappear.
Which travel stocks to buy now?
Top Travel Stocks To Buy [Or Sell] TodayRoyal Caribbean Group Ltd (NYSE: RCL)Delta Air Lines, Inc. ( NYSE: DAL)Southwest Airlines (NYSE: LUV)American Airlines Group Inc (NASDAQ: AAL)
Is Carnival cruise stock a good buy?
CCL is down nearly 80% since the beginning of 2020. Since the start of 2022, the stock is down nearly 50%. There was actually quite a bit of good news in Carnival's Q1 earnings report.
Should I buy or sell Royal Caribbean Cruises stock right now?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Caribbean Cruises in the last year. There are currently 1 sell rati...
What is Royal Caribbean Cruises' stock price forecast for 2022?
11 brokerages have issued twelve-month price targets for Royal Caribbean Cruises' shares. Their forecasts range from $54.00 to $123.00. On average,...
How has Royal Caribbean Cruises' stock price performed in 2022?
Royal Caribbean Cruises' stock was trading at $76.90 at the beginning of the year. Since then, RCL shares have decreased by 40.5% and is now tradin...
When is Royal Caribbean Cruises' next earnings date?
Royal Caribbean Cruises is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022. View our earnings forecast...
How were Royal Caribbean Cruises' earnings last quarter?
Royal Caribbean Cruises Ltd. (NYSE:RCL) issued its quarterly earnings results on Thursday, May, 5th. The company reported ($4.57) earnings per shar...
Who are Royal Caribbean Cruises' key executives?
Royal Caribbean Cruises' management team includes the following people: Mr. Jason T. Liberty , Pres, CEO & Director (Age 46, Pay $2.45M) ( Linke...
What is Richard D. Fain's approval rating as Royal Caribbean Cruises' CEO?
545 employees have rated Royal Caribbean Cruises CEO Richard D. Fain on Glassdoor.com . Richard D. Fain has an approval rating of 95% among Royal...
Who are some of Royal Caribbean Cruises' key competitors?
Some companies that are related to Royal Caribbean Cruises include Airbnb (ABNB) , Marriott International (MAR) , Carnival Co. & (CCL) , Hyatt...
What other stocks do shareholders of Royal Caribbean Cruises own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Royal Caribbean Cruises investors own include Carnival Co....
What happened
Shares of Royal Caribbean ( NYSE:RCL) were down more than 3.5% midway through the trading day. The stock, which closed at $74.49 on Tuesday, opened at $73.15 on Wednesday and fell as low at $70.82 by 10 a.m. EDT. It's part of a trend. The stock is down slightly more than 10% over the past month and down more than 3% for the year.
So what
The slump can be attributed to the release of the company's second-quarter report, which concerned investors for several reasons. First, the company gave somewhat cloudy guidance for the remainder of the year, saying it expects a net loss in the third quarter and for the rest of the year, but declined to actually forecast numbers.
Now what
The big wild card for Royal Caribbean and the entire cruise line industry is the impact of the COVID-19 delta variant. The Centers for Disease Control's seven-day moving average of daily new cases was at 66,606 on Wednesday, up 64.1% compared to the previous seven-day average.
How much is Royal Caribbean stock worth in 2021?
The Royal Caribbean Cruises Ltd stock price gained 2.59% on the last trading day (Friday, 25th Jun 2021), rising from $86.97 to $89.22. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 3.63% from a day low at $86.74 to a day high of $89.89. The price has been going up and down for this period, and there has been a -0.97% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $475.40 million.
Is Royal Caribbean stock a buy or sell signal?
Some negative signals were issued as well, and these may have some influence on the near short-term development. The Royal Caribbean Cruises Ltd stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal.
How much will Royal Caribbean lose in 2021?
Analysts expect that Royal Caribbean will report a loss of $13.61 per share in 2021 which will be followed by a profit of $2.07 per share in 2022. At current price levels, the stock is trading at about 33 forward P/E which is not cheap.
Is Royal Caribbean under pressure?
Shares of Royal Caribbean are under strong pressure today amid fears about the spread of the Delta variant of coronavirus. Other cruise line stocks like Carnival and Norwegian Cruise Line Holdings are under significant pressure as well.
The cruise operator's loss was bigger than expected -- but so is its cash hoard
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
After falling nearly 6% earlier today, shares of cruise line operator Royal Caribbean Cruises ( NYSE:RCL) are down 4.5% in early afternoon trading. The reason: Its earnings.
So what
Revenue for the quarter was actually slightly ahead of expectations at $2.03 billion, but investors are giving Royal Caribbean no credit for that today. And honestly, why would they?
Now what
So what does the future hold in store for Royal Caribbean? On one hand, the company says "booking volumes for the remainder of 2020 are meaningfully lower than the same time last year," that "prices ... are down low-single digits," and "approximately 45% of the guests booked on canceled sailings have requested cash refunds."
Where did Celebrity Edge sail from?
There have been a couple of factors driving the movement. In late June, Royal Caribbean’s Celebrity Edge set sail from Fort Lauderdale, Florida becoming the first cruise out of a U.S. port with paid passengers since the Covid-19 pandemic began.
Is the average return after a rise lower than after a fall?
Answer: The average return after a rise is understandably lower than after a fall as detailed in the previous question. Interestingly, though, if a stock has gained over the last few days, you would do better to avoid short-term bets for most stocks.
Profits and losses aren't everything
The reason Royal Caribbean's stock went up after posting a big loss is a reflection of how the stock market works, and what investors look for in any company.
What did Royal Caribbean do right?
Mr. Kline explains why Royal Caribbean's stock jumped, despite the loss."In the case of RCL, the loss was expected but the picture going forward looks optimistic. People are buying shares based on that optimism."
