Norwegian Cruise Line Holdings Ltd (NCLH) Is Now En Route to Higher Prices

Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) is -18.06% lower on its value in year-to-date trading and has touched a low of $12.15 and a high of $22.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NCLH stock was last observed hovering at around $17.50 in the last trading session, with the day’s loss setting it -1.08%.

Currently trading at $16.42, the stock is -6.02% and -9.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 22.45 million and changing -6.17% at the moment leaves the stock -3.39% off its SMA200. NCLH registered -3.24% loss for a year compared to 6-month loss of -8.63%. The firm has a 50-day simple moving average (SMA 50) of $2.50 and a 200-day simple moving average (SMA200) of $14.80.

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The stock witnessed a -6.65% gain in the last 1 month and extending the period to 3 months gives it a 22.17%, and is -7.44% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.09% over the week and 3.88% over the month.

Fwd P/E is 13.55. Profit margin for the company is -2.60%. Distance from 52-week low is 35.14% and -27.82% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.54%).

Norwegian Cruise Line Holdings Ltd quarterly earnings per share for the current quarter are estimated at -$0.14 with sales reaching $1.97B over the same period.The EPS is expected to grow by 116.13% this year, but quarterly earnings will post 76.30% year-over-year. Quarterly sales are estimated to grow 29.60% in year-over-year returns.

Norwegian Cruise Line Holdings Ltd (NCLH) Top Institutional Holders

703 institutions hold shares in Norwegian Cruise Line Holdings Ltd (NCLH), with institutional investors hold 73.27% of the company’s shares. The shares outstanding are 421.41M, and float is at 420.80M with Short Float at 9.48%. Institutions hold 72.75% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 48.67 million shares valued at $1.06 billion. The investor’s holdings represent 11.44% of the NCLH Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital International Investors with 35.78 million shares valued at $778.87 million to account for 8.41% of the shares outstanding. The other top investors are Blackrock Inc. which holds 24.14 million shares representing 5.68% and valued at over $525.63 million, while State Street Corporation holds 3.31% of the shares totaling 14.09 million with a market value of $306.68 million.

Norwegian Cruise Line Holdings Ltd (NCLH) Insider Activity

A total of 2 insider transactions have happened at Norwegian Cruise Line Holdings Ltd (NCLH) in the last six months, with sales accounting for 0 and purchases happening 2 times. The most recent transaction is an insider sale by Farkas Daniel S ,the company’sEVP Gen. Counsel & Asst. Sec’y. SEC filings show that Farkas Daniel S sold 38,000 shares of the company’s common stock on Jun 15 at a price of $19.46 per share for a total of $0.74 million. Following the sale, the insider now owns 0.24 million shares.

Norwegian Cruise Line Holdings Ltd disclosed in a document filed with the SEC on Jun 13 that Ashby Faye L. (SVP & Chief Accounting Officer) sold a total of 15,811 shares of the company’s common stock. The trade occurred on Jun 13 and was made at $19.45 per share for $0.31 million. Following the transaction, the insider now directly holds 0.17 million shares of the NCLH stock.

Still, SEC filings show that on Jun 12, Del Rio Frank J (Pres. & CEO) disposed off 300,000 shares at an average price of $18.44 for $5.53 million. The insider now directly holds 926,505 shares of Norwegian Cruise Line Holdings Ltd (NCLH).

Norwegian Cruise Line Holdings Ltd (NCLH): Who are the competitors?

The company’s main competitors (and peers) include Walt Disney Co. (DIS) that is trading 0.68% up over the past 12 months. Carnival Corp. (CCL) that is 31.53% higher over the same period.