Norwegian Cruise Line Holdings Ltd (NCLH) stock expected to rise by 4.88%: What’s driving the optimism?

A share price of Norwegian Cruise Line Holdings Ltd [NCLH] is currently trading at $20.89, up 3.36%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NCLH shares have gain 8.07% over the last week, with a monthly amount glided 27.07%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Norwegian Cruise Line Holdings Ltd [NYSE: NCLH] stock has seen the most recent analyst activity on May 29, 2024, when Truist upgraded its rating to a Buy and also boosted its price target to $21 from $20. Previously, Mizuho upgraded its rating to Buy on May 28, 2024, and elevated its price target to $24. On March 26, 2024, Mizuho initiated with a Neutral rating and assigned a price target of $21 on the stock. Goldman started tracking the stock assigning a Neutral rating and suggested a price target of $19 on March 13, 2024. Wells Fargo downgraded its rating to a Equal Weight but $18 remained the price target by the analyst firm on January 05, 2024. Redburn Atlantic upgraded its rating to Overweight for this stock on September 14, 2023, but kept the price target unchanged to $25. In a note dated August 02, 2023, Susquehanna downgraded an Neutral rating on this stock but restated the target price of $17.

Norwegian Cruise Line Holdings Ltd experienced fluctuations in its stock price throughout the past year between $12.70 and $21.73. Currently, Wall Street analysts expect the stock to reach $21.91 within the next 12 months. Norwegian Cruise Line Holdings Ltd [NYSE: NCLH] shares were valued at $20.89 at the most recent close of the market. An investor can expect a potential return of 4.88% based on the average NCLH price forecast.

Analyzing the NCLH fundamentals

Trailing Twelve Months sales for Norwegian Cruise Line Holdings Ltd [NYSE:NCLH] were 9.09B which represents 7.57% growth. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.94 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 19.42.

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 20.35 points at the first support level, and at 19.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.19, and for the 2nd resistance point, it is at 21.48.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Norwegian Cruise Line Holdings Ltd [NYSE:NCLH] is 0.24. Also, the Quick Ratio is 0.22, while the Cash Ratio stands at 0.09. Considering the valuation of this stock, the price to sales ratio is 1.01, the price to book ratio is 13.25 and price to earnings (TTM) ratio is 26.64.

Transactions by insiders

Recent insider trading involved Farkas Daniel S, EVP GC, CDO & Sec’y, that happened on Aug 27 ’24 when 30000.0 shares were sold. Pres. & CEO of NCLH, Sommer Harry completed a deal on Aug 27 ’24 to sell 25000.0 shares. Meanwhile, Officer Harry J. Sommer bought 25000.0 shares on Aug 27 ’24.

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