Royal Caribbean Cruises Ltd. (RCL) has seen some recent movement in the market and its shares closed trading at $36.11 yesterday. Traders are starting to take notice of RCL as the shares traded as high as $38.50 and as low as $36.00 in the prior trading session.
Royal Caribbean Cruises Ltd. (RCL) average trading volume is 19.25M. However, in the prior trading session Royal Caribbean Cruises Ltd. (RCL) exchanged 15,335,151 shares. The 1st downside support level on RCL is $23.07 and the 1st upside resistance level on RCL is $134.85. RCL fifty day moving average is $34.66 and RCL two hundred day moving average is $92.00.
Royal Caribbean Cruises Ltd. (RCL) recent performance has been indicated by the recent movement in RCL shares. RCL has performed 21.95% over the past 30 days, RCL has performed -69.47% over the past 3 months and RCL has shown -71.63% over the past year. Royal Caribbean Cruises Ltd. (RCL) has a 1 year range of $19.25 to $135.32. Royal Caribbean Cruises Ltd. (RCL) is trading 87.58% from its 1 year low and -73.31% from its 1 year high. Royal Caribbean Cruises Ltd. (RCL) is displaying a 16.40% short float displaying the quantity short in the float.
RCL has 239.89M shares outstanding and 170.54M shares in the float. Royal Caribbean Cruises Ltd. (RCL) currently has a market cap of $8.66B and income of $1.88B. The EPS next quarter for RCL is -0.44 and projected EPS net year is 136.80%. The market cap of Royal Caribbean Cruises Ltd. (RCL) at $8.66B represents how many Traders own shares of RCL and is based off the last price ($36.11) of RCL and the quantity of shares outstanding (239.89M) with Royal Caribbean Cruises Ltd. (RCL).
Royal Caribbean Cruises Ltd. (RCL) has total cash (mrq) of 243.74M, total cash per share (mrq) of 1.17, total debt of RCL rests at 11.8B and total debt/equity (mrq) is 92.65. Royal Caribbean Cruises Ltd. (RCL) operational cash flow (ttm) is 3.72B and RCL leveraged free cash flow (ttm) is -2.7M.
RCL is trading -5.36% below (bearish) its SMA20, -15.67% below (bearish) its SMA50 and -62.88% below (bearish) its SMA200.
In recent news, on May 6, 2020, it was announced, ATTENTION ROYAL CARIBBEAN EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation Into Damages Sustained in Royal Caribbean Stock Held with Full-Service Brokerage Firms During Coronavirus Pandemic. In this news it stated, KlaymanToskes (“KT”), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of Royal Caribbean Cruises (NYSE:RCL) (“Royal Caribbean”) who held large, unhedged concentrated positions in Royal Caribbean stock and/or received margin calls resulting in the forced sale of stock. The recent losses were the result of unsuitable advice during the Coronavirus (“COVID-19”) pandemic. The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Royal Caribbean stock. Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan. Full-service brokerage firms whose customers hold large concentrated stock positions have a duty to ensure that their customers understand the risks associated with concentration and to disclose and recommend the availability of risk management strategies. The failure to use risk management strategies as well as the failure to “hedge” the value of a concentrated portfolio directly exposes an investor’s concentrated position to fluctuations in the volatile securities markets. Since trading as high as 135.32 per share in January 2020, the price of Royal Caribbean stock dropped to 19.25 on March 18, 2020, a decline of more than 85%.
About Royal Caribbean Cruises Ltd. (RCL):
Based in Miami and incorporated in 1985, Royal Caribbean Cruises is a cruise company. It owns and operates three global brands — Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises. Additionally, it has 50% investment in a joint venture with TUI AG, which operates the brand TUI Cruises and a 49% interest in the Spanish brand Pullmantur along with a 36% interest in the Chinese brand SkySea Cruises.