The Price Target For Norwegian Cruise Line Holdings Ltd. (NCLH)?

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KOSK
KOSK

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) finished Thursday with a subtraction of -$0.19 to close at $14.39, a downside of -1.30 percent. An average of 22,084,580 shares of common stock have been traded in the last five days. There was a fall of -$1.10 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 19,552,096 shares traded, while the 50-day average volume stands at 19,445,846.

NCLH stock has increased by 11.98% in the last month. The company shares reached their 1-month lowest point of $12.38 on 09/01/22. With the stock rallying to its 52-week high on 02/09/22, shares of the company touched a low of $10.31 and a high of $29.45 in 52 weeks. It has reached a new high 4 times so far this year and lost -30.62% or -$6.35 in price. In spite of this, the price is down -51.14% from the 52-week high.


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Insider Transactions

11 days have passed since Norwegian Cruise Line Holdings Ltd. (NCLH) last reported insider trading activity. Montague Jason, who is Pres. & CEO of RSSC, most recently acquired $62,758 shares at $14.68 per share on Sep 12. In this transaction, the insider spent $921,287. EVP & CFO, Kempa Mark, disposed of 55,000 shares at a price of $13.50 on Aug 24. The insider now owns more than $742,692 worth of shares. Prior to that, Pres. & CEO Oceania Cruises SHERMAN HOWARD J went on to Sale 86,225 shares at $13.63 each on Aug 18. An amount of $1,175,273 was transacted.

Valuation Metrics

Norwegian Cruise Line Holdings Ltd. (NCLH) stock’s beta is 2.37. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.61, the price-to-book (PB) ratio at 6.69.

Financial Health

The quick ratio of Norwegian Cruise Line Holdings Ltd. for the three months ended June 29 was 0.60, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 13.57 and a total debt to equity ratio of 14.69 for the quarter ending June 29. Its gross profit as reported stood at -$960.05 million compared to revenue of $647.99 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Norwegian Cruise Line Holdings Ltd.’s return on assets was -20.60%.

Earnings Surprise

For the three-month period that ended June 29, Norwegian Cruise Line Holdings Ltd. had $12.24 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$509.32 million in the quarter, while revenues of -$982.71 million were shrunk -169.02%. The analyst consensus anticipated Norwegian Cruise Line Holdings Ltd.’s latest quarter earnings to come in at -$0.86 per share, but it turned out to be -$1.14, a -32.60% surprise. For the quarter, EBITDA amounted to -$200.95 million. Shareholders own equity worth $421.39 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Norwegian Cruise Line Holdings Ltd. (NCLH) price momentum. RSI 9-day as of the close on 22 September was 48.40%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.31%.

As of today, NCLH’s price is $14.96 -7.10% or -$1.10 from its 5-day moving average. NCLH is currently trading +3.30% higher than its 20-day SMA and -28.16% lower than its 100-day SMA. However, the stock’s current price level is +24.91% above the SMA50 and -28.16% below the SMA200.

The stochastic %K and %D were 66.23% and 76.30%, respectively, and the average true range (ATR) was 0.81. With the 14-day stochastic at 52.20% and the average true range at 0.81, the RSI (14) stands at 52.29%. The stock has reached -0.23 on the 9-day MACD Oscillator while the 14-day reading was at 0.16.

Analyst Ratings

Truist upgraded Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold.

What is NCLH’s price target for the next 12 months?

Analysts predict a range of price targets between $13.00 and $26.00, with a median target of $16.00. Taking a look at these predictions, the average price target given by analysts for Norwegian Cruise Line Holdings Ltd. (NCLH) stock is $17.23.

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