Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) shares, rose in value, with the stock price down by -1.12% to the previous day’s close as strong demand from buyers drove the stock to $23.84.
Actively observing the price movement in the last trading, the stock closed the session at $24.11, falling within a range of $23.42 and $24.16. The value of beta (5-year monthly) was 2.718 whereas the PE ratio was 30.40 over 12-month period. Referring to stock’s 52-week performance, its high was $24.80, and the low was $12.70. On the whole, NCLH has fluctuated by 19.74% over the past month.
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With the market capitalization of Norwegian Cruise Line Holdings Ltd currently standing at about $10.48 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 9.41B, with a low estimate of 2.72B and a high estimate of 2.82B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.77B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NCLH’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of NCLH currently trading nearly 3.77% and 16.27% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.68, while the 7-day volatility ratio is showing 3.57% which for the 30-day chart, stands at 3.42%. Furthermore, Norwegian Cruise Line Holdings Ltd (NCLH)’s beta value is 2.72, and its average true range (ATR) is 0.85.
A comparison of Norwegian Cruise Line Holdings Ltd (NCLH) with its peers suggests the former has fared considerably weaker in the market. NCLH showed an intraday change of -1.12% in last session, and over the past year, it grew by 76.33%%.
Data on historical trading for Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) indicates that the trading volumes over the past 10 days have averaged 8.76 and over the past 3 months, they’ve averaged 13.00 million. According to company’s latest data on outstanding shares, there are 439.69 million shares outstanding.
Nearly 1.02% of Norwegian Cruise Line Holdings Ltd’s shares belong to company insiders and institutional investors own 70.01% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 26.96 million shares as on 2024-10-15, resulting in a short ratio of 1.84. According to the data, the short interest in Norwegian Cruise Line Holdings Ltd (NCLH) stood at 813.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 28.46 million. The stock has risen by 18.96% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NCLH stock heading into the next quarter.
