Norwegian Cruise Line Holdings Ltd [NCLH] stock prices are up 19.84% to $19.09 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NCLH shares have gain 17.99% over the last week, with a monthly amount glided 10.86%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, Norwegian Cruise Line Holdings Reports Strong Fourth Quarter and Full Year 2023 Financial Results. In a post published today on Yahoo Finance, Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (together with NCL Corporation Ltd., “Norwegian Cruise Line Holdings”, “Norwegian”, “NCLH” or the “Company”) today reported financial results for the fourth quarter and year ended December 31, 2023 and provided guidance for the first quarter and full year 2024.
From an analyst’s perspective:
Norwegian Cruise Line Holdings Ltd [NYSE: NCLH] stock has seen the most recent analyst activity on January 05, 2024, when Wells Fargo downgraded its rating to a Equal Weight but kept the price target unchanged to $18 for it. Previously, Redburn Atlantic upgraded its rating to Overweight on September 14, 2023, and kept the price target unchanged to $25. On August 02, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $17 on the stock. Truist downgraded its rating to a Hold and increased its price target to $23 on July 18, 2023. JP Morgan initiated its recommendation with a Neutral and recommended $15 as its price target on April 28, 2023. Morgan Stanley downgraded its rating to Underweight for this stock on January 10, 2023, but kept the price target unchanged to $11.50. In a note dated December 13, 2022, UBS downgraded an Neutral rating on this stock and revised its target price from $24 to $19.
The stock price of Norwegian Cruise Line Holdings Ltd [NCLH] has been fluctuating between $12.15 and $22.75 over the past year. Currently, Wall Street analysts expect the stock to reach $22.77 within the next 12 months. Norwegian Cruise Line Holdings Ltd [NYSE: NCLH] shares were valued at $19.09 at the most recent close of the market. An investor can expect a potential return of 19.28% based on the average NCLH price forecast.
Analyzing the NCLH fundamentals
The Norwegian Cruise Line Holdings Ltd [NYSE:NCLH] reported sales of 8.55B for trailing twelve months, representing a surge of 30.76%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.04 points at the first support level, and at 17.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.64, and for the 2nd resistance point, it is at 20.20.
Norwegian Cruise Line Holdings Ltd [NCLH] reported earnings per share of $0.76 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.69/share, meaning a difference of $0.07 and a surprise factor of 10.10%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.3 per share as compared to estimates of $0.27 per share, a difference of $0.03 representing a surprise of 11.10%.
Ratios To Look Out For
It’s worth pointing out that Norwegian Cruise Line Holdings Ltd [NYSE:NCLH]’s Current Ratio is 0.22. On the other hand, the Quick Ratio is 0.19, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.95, the price to book ratio is 27.01 and price to earnings (TTM) ratio is 81.03.
Transactions by insiders
Recent insider trading involved Farkas Daniel S, EVP Gen. Counsel & Asst. Sec’y, that happened on Jun 15 when 38000.0 shares were sold. SVP & Chief Accounting Officer, Ashby Faye L. completed a deal on Jun 13 to sell 15811.0 shares. Meanwhile, Pres. & CEO Del Rio Frank J sold 0.3 million shares on Jun 12.
