Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) saw a downside of -3.07% to close Monday at $15.18 after subtracting -$0.48 on the day. The 5-day average trading volume is 12,591,660 shares of the company’s common stock. It has gained $17.54 in the past week and touched a new high 2 times within the past 5 days. An average of 10,556,365 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 11,939,977.
NCLH’s 1-month performance is -10.34% or -$1.69 on its low of $15.14 reached on 09/25/23. The company’s shares have touched a 52-week low of $10.83 and high of $22.75, with the stock’s rally to the 52-week high happening on 07/12/23. YTD, NCLH has achieved 24.02% or $2.94 and has reached a new high 23 times. However, the current price is down -33.27% from the 52-week high price.
Insider Transactions
NCLH stock investors last saw insider trading activity on Jun 15.Farkas Daniel S (EVP Gen. Counsel & Asst. Sec’y) most recently sold 38,000 shares at $19.46 per share on Jun 15. This transaction cost the insider $739,366. SVP & Chief Accounting Officer, Ashby Faye L., sold 15,811 shares at a price of $19.45 on Jun 13. Then, on Jun 12, Pres. & CEO Del Rio Frank J sold 300,000 shares at a price of $18.44 per share. This transaction amounted to $5,532,600.
Valuation Metrics
NCLH stock has a beta of 2.59. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.90 while the price-to-book (PB) in the most recent quarter is 424.02.
Norwegian Cruise Line Holdings Ltd’s quick ratio for the period ended June 29 was 0.29, with the current ratio over the same period at 0.32. As well, the company’s long term debt to equity for the quarter ending June 29 was 827.31, while the total debt to equity was 903.91. In terms of profitability, the gross margin trailing 12 months is 19.96%. The trailing 12-month EBITDA margin is -12.91% while for the period ending June 29, Norwegian Cruise Line Holdings Ltd’s operating margin was 0.00%. The firm’s gross profit as reported stood at $576.67 million against revenue of $4.84 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 691.41% to $86.12 million, while revenue of -$159.32 million was 285.0% off the previous quarter. Analysts expected NCLH to announce $0.27 per share in earnings in its latest quarter, but it posted $0.3, representing a 11.10% surprise. EBITDA for the quarter stood at more than $487.16 million. NCLH stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 18.63 billion, with total debt at $13.76 billion. Shareholders hold equity totaling $425.42 million.
Let’s look briefly at Norwegian Cruise Line Holdings Ltd (NCLH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 25.04% to suggest the stock is trending oversold, with historical volatility in this time period at 52.00%.
The stock’s 5-day moving average is $16.45, reflecting a -11.33% or -$1.94 change from its current price. NCLH is currently trading -10.02% above its 20-day SMA, +5.64% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -25.66% and SMA200 by-4.11%.
Stochastic %K and %D was 46.85% and 66.84% and the average true range (ATR) pointed at 0.58. The RSI (14) points at 30.36%, while the 14-day stochastic is at 1.67% with the period’s ATR at 0.58. The stock’s 9-day MACD Oscillator is pointing at -0.77 and -0.72 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Norwegian Cruise Line Holdings Ltd (NYSE: NCLH), Redburn Atlantic upgraded it to an Overweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for NCLH stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate NCLH as a “sell,”, while 8 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.
What is NCLH’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $14.50 and a high of $26.00, with their median price target at $20.00. Looking at these predictions, the average price target given by analysts is for Norwegian Cruise Line Holdings Ltd (NCLH) stock is $20.17.
