Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) finished Thursday with a subtraction of -$0.64 to close at $16.93, a downside of -3.64 percent. An average of 8,764,800 shares of common stock have been traded in the last five days. There was a gain of $0.15 in the past week, and it reached a new high 28 times over the past 12 months. The last 20 days have seen an average of 13,260,250 shares traded, while the 50-day average volume stands at 14,031,786.
NCLH stock has decreased by -18.49% in the last month. The company shares reached their 1-month lowest point of $16.49 on 08/18/23. With the stock rallying to its 52-week high on 07/12/23, shares of the company touched a low of $10.83 and a high of $22.75 in 52 weeks. It has reached a new high 23 times so far this year and achieved 38.32% or $4.69 in price. In spite of this, the price is down -25.58% from the 52-week high.
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Insider Transactions
NCLH stock investors should be aware that Norwegian Cruise Line Holdings Ltd. (NCLH) stock had its last reported insider trading activity 71 days ago on Jun 15. In this transaction, the insider spent $739,366. SVP & Chief Accounting Officer, Ashby Faye L., disposed of 15,811 shares at a price of $19.45 on Jun 13. The insider now owns more than $307,587 worth of shares. Prior to that, Pres. & CEO Del Rio Frank J went on to Sale 300,000 shares at $18.44 each on Jun 12. An amount of $5,532,600 was transacted.
Valuation Metrics
Norwegian Cruise Line Holdings Ltd. (NCLH) stock’s beta is 2.61. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.01, the price-to-book (PB) ratio at 423.25.
Financial Health
The quick ratio of Norwegian Cruise Line Holdings Ltd. for the three months ended June 29 was 0.30, and the current ratio was 0.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 789.12 and a total debt to equity ratio of 863.18 for the quarter ending June 29. Norwegian Cruise Line Holdings Ltd.’s EBITDA margin for the year ending June 29 is -12.91%, while its operating margin for the same period stands at -2.70%. Its gross profit as reported stood at $576.67 million compared to revenue of $4.84 billion.
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 -4.60%.
Earnings Surprise
For the three-month period that ended June 29, Norwegian Cruise Line Holdings Ltd. had $11.99 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 $86.12 million in the quarter, while revenues of -$159.32 million were grew 691.41%. The analyst consensus anticipated Norwegian Cruise Line Holdings Ltd.’s latest quarter earnings to come in at $0.27 per share, but it turned out to be $0.3, a 11.10% surprise. For the quarter, EBITDA amounted to $487.16 million. Shareholders own equity worth $425.42 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 24 August was 34.61%, suggesting the stock is Neutral, with historical volatility in this time frame at 31.48%.
As of today, NCLH’s price is $17.09 +0.89% or $0.15 from its 5-day moving average. NCLH is currently trading -20.63% lower than its 20-day SMA and +25.87% higher than its 100-day SMA. However, the stock’s current price level is -13.05% below the SMA50 and -0.06% below the SMA200.
The stochastic %K and %D were 36.22% and 30.70%, respectively, and the average true range (ATR) was 0.60. With the 14-day stochastic at 21.26% and the average true range at 0.65, the RSI (14) stands at 36.59%. The stock has reached 0.05 on the 9-day MACD Oscillator while the 14-day reading was at -0.26.
Analyst Ratings
Susquehanna downgraded Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Positive. The consensus rating for Norwegian Cruise Line Holdings Ltd. (NCLH) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell NCLH, while 9 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 5 others rate it as a “buy”.
What is NCLH’s price target for the next 12 months?
Analysts predict a range of price targets between $14.50 and $26.00, with a median target of $21.00. Taking a look at these predictions, the average price target given by analysts for Norwegian Cruise Line Holdings Ltd. (NCLH) stock is $20.00.
