Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) price on Wednesday, March 27, rose 5.85% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $21.34.
A look at the stock’s price movement, the close in the last trading session was $20.16. The beta value (5-Year monthly) was 2.60 while the PE ratio in trailing twelve months stood at 90.58. Turning to its 52-week performance, $22.75 and $12.15 were the 52-week high and 52-week low respectively. Overall, NCLH moved 11.79% over the past month.
Norwegian Cruise Line Holdings Ltd’s market cap currently stands at around $9.08 billion, with investors looking forward to this quarter’s earnings report slated for Apr 29, 2024 – May 03, 2024.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that NCLH is a 100% 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 50% Buy category.
The technical evaluation for the stock shows the PEG ratio is 1.88, with NCLH’s current price about 7.97% and 17.39% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 68.30, while 7-day volatility ratio is 3.83% and 3.56% in the 30-day chart. Further, Norwegian Cruise Line Holdings Ltd (NCLH) has a beta value of 2.60, and an average true range (ATR) of 0.74.
If we refocus on Norwegian Cruise Line Holdings Ltd (NYSE:NCLH), historical trading data shows that trading volumes averaged 9.46 million over the past 10 days and 12.05 million over the past 3 months. The company’s latest data on shares outstanding shows there are 425.55 million shares.
The 1.14% of Norwegian Cruise Line Holdings Ltd’s shares are in the hands of company insiders while institutional holders own 70.39% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 39.83 million on Feb 29, 2024, giving us a short ratio of 2.84. The data shows that as of Feb 29, 2024 short interest in Norwegian Cruise Line Holdings Ltd (NCLH) stood at 9.36% of shares outstanding, with shares short falling to 39.88 million registered in Jan 31, 2024. Current price change has pushed the stock 6.49% 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.
