The stock price of Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) has plunged by -0.62 when compared to previous closing price of 21.08, but the company has seen a 0.29% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-29 that NCLH’s YTD returns might be underwhelming, but they not just obscure both shorter and longer term price trends but also the price potential indicated by fundamentals. Healthy revenue growth in H1 2024, surpassing of profit guidance, and upgrade in the earnings guidance show that the company is on a good path. Its initiatives like capacity expansion, cost management, and debt reduction, along with improved market conditions can also hold it in good stead going forward.
Is It Worth Investing in Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) Right Now?
Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) has a price-to-earnings ratio that is above its average at 26.72x. The stock has a 36-month beta value of 2.72. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 10 as “overweight,” 8 as “hold,” and 0 as “sell.”
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The public float for NCLH is 435.19M, and at present, short sellers hold a 6.54% of that float. On September 30, 2024, the average trading volume of NCLH was 12.88M shares.
NCLH’s Market Performance
NCLH’s stock has seen a 0.29% increase for the week, with a 16.39% rise in the past month and a 11.50% gain in the past quarter. The volatility ratio for the week is 3.11%, and the volatility levels for the past 30 days are at 3.64% for Norwegian Cruise Line Holdings Ltd The simple moving average for the past 20 days is 10.03% for NCLH’s stock, with a 15.85% simple moving average for the past 200 days.
Analysts’ Opinion of NCLH
Many brokerage firms have already submitted their reports for NCLH stocks, with Truist repeating the rating for NCLH by listing it as a “Buy.” The predicted price for NCLH in the upcoming period, according to Truist is $21 based on the research report published on May 29, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see NCLH reach a price target of $24, previously predicting the price at $21. The rating they have provided for NCLH stocks is “Buy” according to the report published on May 28th, 2024.
Mizuho gave a rating of “Neutral” to NCLH, setting the target price at $21 in the report published on March 26th of the current year.
NCLH Trading at 16.85% from the 50-Day Moving Average
After a stumble in the market that brought NCLH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.59% of loss for the given period.
Volatility was left at 3.64%, however, over the last 30 days, the volatility rate increased by 3.11%, as shares surge +17.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.67% upper at present.
During the last 5 trading sessions, NCLH rose by +0.29%, which changed the moving average for the period of 200-days by +13.74% in comparison to the 20-day moving average, which settled at $19.19. In addition, Norwegian Cruise Line Holdings Ltd saw 4.54% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NCLH starting from Russell W. Galbut, who proposed sale 200,000 shares at the price of $20.89 back on Sep 23 ’24. After this action, Russell W. Galbut now owns shares of Norwegian Cruise Line Holdings Ltd, valued at $4,178,000 using the latest closing price.
Farkas Daniel S, the EVP GC, CDO & Sec’y of Norwegian Cruise Line Holdings Ltd, sale 30,000 shares at $18.09 during a trade that took place back on Aug 27 ’24, which means that Farkas Daniel S is holding 259,777 shares at $542,760 based on the most recent closing price.
Stock Fundamentals for NCLH
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.33 for the gross margin
The net margin for Norwegian Cruise Line Holdings Ltd stands at 0.05. The total capital return value is set at 0.09. Equity return is now at value 118.63, with 2.17 for asset returns.
Based on Norwegian Cruise Line Holdings Ltd (NCLH), the company’s capital structure generated 0.95 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 19.42. The interest coverage ratio of the stock is 3.23.
Currently, EBITDA for the company is 250.22 million with net debt to EBITDA at 7.83. When we switch over and look at the enterprise to sales, we see a ratio of 2.5. The receivables turnover for the company is 43.4for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.24.
Conclusion
To sum up, Norwegian Cruise Line Holdings Ltd (NCLH) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
