Royal Caribbean Cruises Ltd. (NYSE:RCL) spotted trading -70.50% off 52-week high price. On the other end, the stock has been noted 107.38% away from the low price over the last 52-weeks. The stock changed 4.97% to recent value of $39.92. The stock transacted 15884719 shares during most recent day however it has an average volume of 19.60M shares. The company has 239.89M of outstanding shares and 170.54M shares were floated in the market.
On May 08, 2020, Royal Caribbean Cruises Ltd. (NYSE:RCL) provided a business update and the Company’s response to the impact of the COVID-19 pandemic.
These are unprecedented times for all of us. Travel restrictions and stay-at-home orders are important to slowing the spread of the virus, but they have severely impacted our operations, said Richard D. Fain, Chairman and CEO. We are taking decisive actions to prioritize the safety of our guests and crew while protecting our fleet and bolstering liquidity.
COVID-19 Related Suspension
The outbreak of COVID-19 has resulted in an unprecedented global response to contain the spread of the disease. These global efforts have resulted in travel restrictions and created significant uncertainty regarding worldwide port closures and availability. As part of the global containment effort, the Company previously announced a voluntary suspension of its global cruise operations from March 13 through at least June 11, 2020. Continued disruptions to travel and port operations in various regions may result in further suspensions.
Our top priority is to ensure the safety of our guests and crew during the suspension period and when we resume operations, said Mr. Fain. The Company’s fleet is now either in port or at anchor and we have developed strict protocols to protect our crew that is still onboard our ships.
The Company has been developing a comprehensive and multi-faceted program to address the unique public health challenges posed by COVID-19. This includes, among other things, enhanced screening, upgraded cleaning and disinfection protocols and plans for social distancing. The Company will continue to work with the Centers for Disease Control and Prevention, global public health authorities and national and local governments to enhance measures to protect the health, safety and security of guests, crew and the communities visited when we are out of service and once operations resume.
Its earnings per share (EPS) expected to touch remained 4.50% for this year while earning per share for the next 5-years is expected to reach at -3.35%. RCL has a gross margin of 45.60% and an operating margin of 19.00% while its profit margin remained 17.20% for the last 12 months.
According to the most recent quarter its current ratio was 0.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 4.21% from the mean of 20 days, -2.32% from mean of 50 days SMA and performed -58.64% from mean of 200 days price. Company’s performance for the week was -2.08%, 6.28% for month and YTD performance remained -70.10%.