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- 1 In the Year-to-Date time frame, RCL stock surged over 95%.
- 2 Royal Caribbean Cruises Ltd. market cap surged over 93% in 2023 compared to that in 2023.
- 3 Royal Caribbean Cruises Ltd. market cap surged over 93% in 2023 compared to that in 2023.
RCL stock rose 97.52%, adding $47.50 to its trading price in the YTD time frame. Royal Caribbean Cruises Ltd. peaked at $112.95, and its lowest traded price was $36.92 in the 52 weeks time frame.
Royal Caribbean Cruises Ltd (RCL) Stock Price Analysis
The annual price target of Royal Caribbean Cruises Ltd. is $122.60. The target is 27.43% greater than its press time trading price. In weekly and monthly time frames, a decline of 1.60% and 3.74%, respectively, is seen.
At press time, RCL stock was trading above 20 & 50 day EMAs and below 100 & 200 day EMAs. The MACD line is intersecting the signal line in the negative territory and is reflecting negativity.
The RSI line is intersecting RSI based MA line below zero line. There are hints of a negative outlook; more volatility in the price is expected. On September 19, 2023, RCL stock price slipped over 2.15% and lost over $2 of its price.
Market analysts believe that bulls might become weaker in the upcoming sessions. In the pre-market trading session, Royal Caribbean Cruises Ltd. stock is expected to open below its previous closing of September 20.
On Wednesday, RCL stock opened at $98.67, and till the first half of the trading session, bulls controlled the session and it hit a high of $98.98. However in the second half, bulls lost control over the stock and it declined over 2.15%.
Royal Caribbean Cruises Ltd. has a market capitalization of $24.646 Billion. According to companiesmarketcap(dot)com, a surge of 95.39% in market capitalization is seen in 2023 market cap of the company compared to that in 2022.
On July 27, 2023, a positive momentum in Royal Caribbean Cruises Ltd. stock was seen. Moreover, bulls failed to hold the price at a higher level and on July 28, price declined by over 1.01%.
Royal Caribbean Cruises Ltd. Financial Updates
TradingView data states that 234.399 Million RCL shares are free floating and remaining 8.50% are closely held. In the second quarter of 2023, Royal Caribbean Cruises Ltd. impressed investors, reporting 3.40% more revenue than the estimated figure.
The reported EPS of the company was 15.68% greater than the estimated EPS of $1.57. The estimated EPS for the third quarter is positive $3.47 and revenue is $4.05 Billion.
In 2022, Royal Caribbean Cruises Ltd. generated $8.84 Billion in revenue from which its gross profit was 7% and earnings before interest, taxes, depreciation, and amortization was 5%.
Royal Caribbean Group is a cruise company, which engages in the ownership and operation of the following global cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises.
Technical Levels
Support Level: $93.09 $90.11
Resistance Level: $98.98 & $101.18
Conclusion:
Since the beginning of 2023, RCL stock added over $40 to its trading price and at press it was trading above 20 & 50 day EMA and below 100 & 200 day EMA. According to market observers bearish momentum is expected in the coming session as bears seem to be accumulating below the histogram.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
