Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) price on current trading day, fall -0.70% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $26.24.
A look at the stock’s price movement, the level at last check in today’s session was $26.42, moving within a range at $25.955 and $26.39. The beta value (5-Year monthly) was 2.682 while the PE ratio in trailing twelve months stood at 25.46. Turning to its 52-week performance, $28.64 and $14.69 were the 52-week high and 52-week low respectively. Overall, NCLH moved -3.37% over the past month.
Norwegian Cruise Line Holdings Ltd’s market cap currently stands at around $11.54 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 2.1B for the company’s revenue for the quarter, with a low and high estimate of 2.06B and 2.13B respectively. The average forecast suggests up to a 5.84% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 9.48B, representing a 10.84% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NCLH is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 6 recommend NCLH as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NCLH’s current price about -1.96% and 0.69% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.13, while 7-day volatility ratio is 4.60% and 3.60% in the 30-day chart. Further, Norwegian Cruise Line Holdings Ltd (NCLH) has a beta value of 2.66, and an average true range (ATR) of 1.01. Analysts have given the company’s stock an average 52-week price target of $29.5, forecast between a low of $19 and high of $36. Looking at the price targets, the low is 27.59% off recent price level in today’s trading while to achieve the yearly target high, it has to move -37.2%. Nonetheless, investors will most likely welcome a -12.42% jump to $29.5 which is the analysts’ median price.
If we refocus on Norwegian Cruise Line Holdings Ltd (NYSE:NCLH), historical trading data shows that trading volumes averaged 9.17 over the past 10 days and 11.06 million over the past 3 months. The company’s latest data on shares outstanding shows there are 439.70 million shares.
The 0.97% of Norwegian Cruise Line Holdings Ltd’s shares are in the hands of company insiders while institutional holders own 74.06% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 26.18 million on 2024-11-29, giving us a short ratio of 2.29. The data shows that as of 2024-11-29 short interest in Norwegian Cruise Line Holdings Ltd (NCLH) stood at 790.0 of shares outstanding, with shares short rising to 24.0 million registered in 2024-10-31. Current price change has pushed the stock 30.92% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NCLH stock continues to rise going into the next quarter.
