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Norwegian Cruise Line Holdings Ltd (NCLH) Analysis & Forecast for 2024

Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) is -11.23% lower on its value in year-to-date trading and has touched a low of $12.70 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 $18.17 in the last trading session, with the day’s loss setting it -0.38%.

Currently trading at $17.79, the stock is 7.63% and 0.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.59 million and changing -2.09% at the moment leaves the stock 3.83% off its SMA200. NCLH registered 4.52% gain for a year compared to 6-month loss of -2.15%.

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The stock witnessed a 10.57% gain in the last 1 month and extending the period to 3 months gives it a -11.01%, and is 7.17% up 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 3.60% over the week and 3.37% over the month.

Norwegian Cruise Line Holdings Ltd (NCLH) has around 41000 employees, a market worth around $7.63B and $8.92B in sales. Current P/E ratio is 27.25 and Fwd P/E is 9.68. Profit margin for the company is 3.84%. Distance from 52-week low is 40.02% and -21.80% from its 52-week high. The company has generated returns on investments over the last 12 months (2.63%).

with sales reaching $2.38B over the same period.The EPS is expected to grow by 104.79% this year, but quarterly earnings will post 9.60% year-over-year.

Norwegian Cruise Line Holdings Ltd (NCLH) Top Institutional Holders

The shares outstanding are 425.55M, and float is at 424.45M with Short Float at 6.78%.

Norwegian Cruise Line Holdings Ltd (NCLH) Insider Activity

The most recent transaction is an insider sale by Ashby Faye L.,the company’sSVP & Chief Accounting Officer. SEC filings show that Ashby Faye L. sold 19,582 shares of the company’s common stock on Jun 05 ’24 at a price of $18.42 per share for a total of $0.36 million. Following the sale, the insider now owns 0.16 million shares.

Norwegian Cruise Line Holdings Ltd disclosed in a document filed with the SEC on May 31 ’24 that Byng-Thorne Zillah (Director) bought a total of 13,360 shares of the company’s common stock. The trade occurred on May 31 ’24 and was made at $16.50 per share for $0.22 million. Following the transaction, the insider now directly holds 13360.0 shares of the NCLH stock.

Still, SEC filings show that on May 22 ’24, Cil Jose E. (Director) acquired 20,000 shares at an average price of $16.38 for $0.33 million. The insider now directly holds 40,000 shares of Norwegian Cruise Line Holdings Ltd (NCLH).

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