In the last trading session, 10.52 million shares of the Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) were traded, and its beta was 2.75. Most recently the company’s share price was $26.35, and it changed around -$0.63 or -2.34% from the last close, which brings the market valuation of the company to $9.98B. NCLH currently trades at a discount to its 52-week high of $34.49, offering almost -30.89% off that amount. The share price’s 52-week low was $14.77, which indicates that the current value has risen by an impressive 43.95% since then. We note from Norwegian Cruise Line Holdings Ltd.’s average daily trading volume that its 10-day average is 13.69 million shares, with the 3-month average coming to 14.94 million.
Norwegian Cruise Line Holdings Ltd. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.30. If we narrow it down even further, the data shows that 1 out of 15 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 6 recommended NCLH as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Norwegian Cruise Line Holdings Ltd. is expected to report earnings per share of -$2.09 for the current quarter.
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) trade information
Instantly NCLH has showed a red trend with a performance of -2.34% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 28.56 on Friday, 10/08/21 increased the stock’s daily price by 7.74%. The company’s shares are currently up 3.62% year-to-date, but still down -6.92% over the last five days. On the other hand, Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is 5.65% down in the 30-day period. We can see from the shorts that 45.92 million shares have been sold at a short interest cover period of 3.38 day(s).
The consensus price target as assigned by Wall Street analysts is $31.08, which translates to bulls needing to increase their stock price by 15.22% from its current value. Analyst projections state that NCLH is forecast to be at a low of $23.00 and a high of $38.00. In order for the stock price to hit the forecast high, the stock would need to plunge -44.21% from its current level, while the stock would need to crash 12.71% from its current level to reach the projected low.
Norwegian Cruise Line Holdings Ltd. (NCLH) estimates and forecasts
Norwegian Cruise Line Holdings Ltd. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -9.95 percent over the past six months and at a 16.67% annual growth rate that is well below the industry average of 27.20%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 11.10% in revenue this quarter, and will report an increase of 44.20% in the next quarter. The year-over-year growth rate is expected to be -27.60%, down from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $217.18 million in revenue for the current quarter. 8 analysts expect Norwegian Cruise Line Holdings Ltd. to make $635.28 million in revenue for the quarter ending Dec 2021. The company’s sales for the same quarters a year ago were $6.52 million and $9.58 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 3,232.00%. Forecasts for the next quarter put sales growth at 6,532.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -60.00%.
Norwegian Cruise Line Holdings Ltd.’s next quarterly earnings report is expected to be released around November 08 and November 12.
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.43% of Norwegian Cruise Line Holdings Ltd. shares, and 55.44% of them are in the hands of institutional investors. The stock currently has a share float of 55.68%. Norwegian Cruise Line Holdings Ltd. stock is held by 721 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2021, it held 10.24% of the shares, which is about 37.89 million shares worth $1.05 billion.
Blackrock Inc., with 5.48% or 20.28 million shares worth $559.59 million as of Mar 30, 2021, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Mar 30, 2021. The former held 10.26 million shares worth $282.94 million, making up 2.77% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 8.87 million shares worth around $244.73 million, which represents about 2.40% of the total shares outstanding.