Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) shares, rose in value, with the stock price up by 0.32% to the previous day’s close as strong demand from buyers drove the stock to $18.89.
Actively observing the price movement in the last trading, the stock closed the session at $18.83. The value of beta (5-year monthly) was 2.60 whereas the PE ratio was 80.18 over 12-month period. Referring to stock’s 52-week performance, its high was $22.75, and the low was $12.41. On the whole, NCLH has fluctuated by -5.69% over the past month.
With the market capitalization of Norwegian Cruise Line Holdings Ltd currently standing at about $8.04 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 29, 2024 – May 03, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.11, which is expected to increase to $0.41 for fiscal year $1.26 and then to about $1.72 by fiscal year 2025. Data indicates that the EPS growth is expected to be 80.00% in 2025, while the next year’s EPS growth is forecast to be 36.50%.
Analysts have estimated the company’s revenue for the quarter at $2.24 billion, with a low estimate of $2.17 billion and a high estimate of $2.33 billion. According to the average forecast, sales growth in current quarter could jump up 23.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $9.34 billion, representing an increase of 9.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that NCLH’s technical picture suggests that short-term indicators denote the stock is a 50% 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 PEG ratio is about 1.66, with the price of NCLH currently trading nearly -5.40% and 2.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.57, while the 7-day volatility ratio is showing 4.26% which for the 30-day chart, stands at 3.56%. Furthermore, Norwegian Cruise Line Holdings Ltd (NCLH)’s beta value is 2.61, and its average true range (ATR) is 0.78.
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 0.32% in last session, and over the past year, it grew by 42.67%%.
Data on historical trading for Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) indicates that the trading volumes over the past 10 days have averaged 11.23 million and over the past 3 months, they’ve averaged 12.05 million. According to company’s latest data on outstanding shares, there are 425.55 million shares outstanding.
Nearly 1.14% of Norwegian Cruise Line Holdings Ltd’s shares belong to company insiders and institutional investors own 70.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 38.17 million shares as on Mar 15, 2024, resulting in a short ratio of 2.78. According to the data, the short interest in Norwegian Cruise Line Holdings Ltd (NCLH) stood at 8.97% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 40.64 million. The stock has fallen by -5.74% 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.
