The stock of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) increased by $0.12 on Monday to finish at $17.80, up 0.68 percent. The last five days have seen an average of 8,716,400 shares of common stock traded. 23 times new highs were reached in the current year, with a gain of $5.56. The average number of shares traded over the last 20 days was 14,709,820, while the average volume over the last 50 days totaled 15,349,522.
NCLH stock dropped -12.83% since last month. On 08/14/23, the company’s shares reached a one-month low of $17.48. The stock touched a high of $22.75 on 07/12/23, after rallying from a low of $10.83 in 52 weeks. The price of NCLH stock has risen by 45.42% or $5.56 this year, reaching a new high 23 times. Still, the stock price is down -21.76% from the 52-week high.
Insider Transactions
NCLH stock investors should be aware that Norwegian Cruise Line Holdings Ltd. (NCLH) stock had its last reported insider trading activity 61 days ago on Jun 15. On Jun 15, EVP Gen. Counsel & Asst. Sec’y Farkas Daniel S sold 38,000 shares at $19.46 each. This transaction resulted in the insider making $739,366. On Jun 13, Ashby Faye L. sold 15,811 shares at a price of US$19.45. After the transaction, the insider now owns 174,619 shares. Pres. & CEO Del Rio Frank J had earlier sold 300,000 shares on Jun 12 for $18.44 a share. The transaction was completed for $5,532,600.
Valuation Metrics
Beta for the stock is 2.61. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.07, the price-to-book (PB) ratio of 445.00.
Financial Health
For the three months ended June 29, Norwegian Cruise Line Holdings Ltd.’s quick ratio was 0.30, while its current ratio was 0.30, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 789.12, and the total debt to equity ratio is 863.18. As far as profitability goes, gross margin for the trailing twelve months is 28.50% percent. Norwegian Cruise Line Holdings Ltd.’s EBITDA margin for the year ended June 29 was -12.91%, whereas its operating margin stood at -2.70% for the same period. Based on annual data, it had gross profit of $576.67 million and revenue of $4.84 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NCLH’s return on assets (ROA) during the last 12 months has been -4.60%. There was a -12.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -886.40%.
Earnings Surprise
According to Norwegian Cruise Line Holdings Ltd.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.21 billion, while revenues rose by 46.17% to $1.82 billion. It was predicted that Norwegian Cruise Line Holdings Ltd.’s quarterly earnings would be $0.3, but it ended up being $0.27, beating the consensus by 11.10%. EBITDA was $487.16 million for the quarter. At the end of Norwegian Cruise Line Holdings Ltd.’s most recent quarter ended June 29, its liabilities totaled 18.63 billion, while its total debt was $13.76 billion. Equity owned by shareholders amounts to $425.42 million.
Technical Picture
Here’s a quick look at Norwegian Cruise Line Holdings Ltd.’s (NCLH) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 31.98%, suggesting the stock is Neutral, with a 63.38% historical volatility rate.
The stochastic %K and %D were 4.63% and 4.76% respectively, while the average true range (ATR) was 0.71. Based on the 14-day stochastic reading of 6.74%, the RSI (14) reading is 37.09%. On the 9-day MACD Oscillator, the stock is at -0.31, and the 14-day reading is at -1.34.
Analyst Ratings
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) was downgraded by Susquehanna to a a Neutral rating in its latest research report. The stock was previously rated as a a Positive. Analysts have assigned Norwegian Cruise Line Holdings Ltd. (NCLH) an Hold rating. NCLH is a stock that is recommended for selling by 1 brokerage firm, while 9 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 5 others recommend it as a buy.
What is NCLH’s price target for the next 12 months?
The current consensus forecast for the stock is between $14.00 and $26.00, with a median target price of $20.00. In analyzing these forecasts, the average price target given by analysts for Norwegian Cruise Line Holdings Ltd. (NCLH) is $19.73.
