At the last check on Thursday, Norwegian Cruise Line Holdings Ltd.’s (NYSE:NCLH) stock was up $0.11, moving up 0.63 percent to $16.65. The average number of shares traded per day over the past five days has been 6,856,287 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.33 fall in that time frame. In the last twenty days, the average volume was 8,939,457, while in the previous 50 days, it was 13,269,727.
Since last month, NCLH stock retreated -10.70%. Shares of the company fell to $16.47 on 08/31/23, the lowest level in the past month. A 52-week high of $22.75 was reached on 07/12/23 after having rallying from a 52-week low of $10.83. Since the beginning of this year, NCLH’s stock price has risen by 35.99% or $4.36, and marked a new high 23 times. However, the stock has declined by -26.84% since its 52-week high.
NCLH stock investors should be aware that Norwegian Cruise Line Holdings Ltd. (NCLH) stock had its last reported insider trading activity 77 days ago on Jun 15. Farkas Daniel S, the EVP Gen. Counsel & Asst. Sec’y of the company, disposed of 38,000 shares for $19.46 on Jun 15. It resulted in a $739,366 divestment by the insider. Ashby Faye L. sold 15,811 shares at an average price of $19.45 on Jun 13. The insider now owns 174,619 shares following the transaction. On Jun 12, Pres. & CEO Del Rio Frank J sold 300,000 shares at $18.44 apiece. The transaction was valued at $5,532,600.
Valuation Metrics
The stock’s beta is 2.61. Besides these, the trailing price-to-sales (P/S) ratio of 0.99, the price-to-book (PB) ratio of 416.13.
Financial Health
In the three months ended June 29, Norwegian Cruise Line Holdings Ltd.’s quick ratio stood at 0.30, while its current ratio was 0.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 789.12, and the total debt-to-equity ratio was 863.18. On the profitability front, the trailing twelve-month gross margin is 28.50% percent. In the year ended June 29, operating margins totaled -2.70%. Based on annual data, NCLH earned $576.67 million in gross profit and brought in $4.84 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -12.70%. Return on equity (ROE) for the past 12 months was -886.40%.
In Norwegian Cruise Line Holdings Ltd.’s quarter-end financial report for June 29, it reported total debt of $11.99 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NCLH’s revenue rose 46.17% to $1.82 billion during the quarter, while net income inched up to $2.21 billion. While analysts expected Norwegian Cruise Line Holdings Ltd. to report $0.27 quarterly earnings, the actual figure was $0.3 per share, beating the consensus estimate by 11.10%. During the quarter, the company generated $487.16 million in EBITDA. The liabilities of Norwegian Cruise Line Holdings Ltd. were 18.63 billion at the end of its most recent quarter ended June 29, and its total debt was $13.76 billion. The value of shareholders’ equity is $425.42 million.
Technical Picture
This quick technical analysis looks at Norwegian Cruise Line Holdings Ltd.’s (NCLH) price momentum. With a historical volatility rate of 29.67%, the RSI 9-day stood at 34.17% on 30 August.
With respect to its five-day moving average, the current Norwegian Cruise Line Holdings Ltd. price is down by -1.92% percent or -$0.33. At present, NCLH shares trade -9.16% below its 20-day simple moving average and +24.38% percent above its 100-day simple moving average. However, the stock is currently trading approximately -13.61% below its SMA50 and -7.03% below its SMA200.
Stochastic coefficient K was 12.73% and Stochastic coefficient D was 14.19%, while ATR was 0.52. Given the Stochastic reading of 10.00% for the 14-day period, the RSI (14) reading has been calculated as 35.94%. As of today, the MACD Oscillator reading stands at -0.25, while the 14-day reading stands at -0.34.
Analyst Ratings
Norwegian Cruise Line Holdings Ltd. downgraded its rating on Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) to a Neutral in a note to investors on August 02, 2023. The analysts firm previously had a Positive rating on the stock.Norwegian Cruise Line Holdings Ltd. (NCLH) has been rated Hold by analysts. According to 1 brokerage firm, NCLH is a sell, and 9 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Norwegian Cruise Line Holdings Ltd. stock as buy, with 5 recommending it as overweight.
With a median target price of $21.00, the current consensus forecast for the stock is $14.50 – $26.00. Based on these forecasts, analysts predict Norwegian Cruise Line Holdings Ltd. (NCLH) will achieve an average price target of $20.00.
