Is Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) Stock Poised for More Growth?

IPW

In the latest trading session,, 2.06 million Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) shares changed hands as the company’s beta touched 2.62. With the company’s most recent per share price at $17.25 changed hands at -$0.09 or -0.55% at last look, the market valuation stands at $7.34B. NCLH’s current price is a discount, trading about -31.88% off its 52-week high of $22.75. The share price had its 52-week low at $12.41, which suggests the last value was 28.06% up since then. When we look at Norwegian Cruise Line Holdings Ltd’s average trading volume, we note the 3-month average coming to 12.05 million.

Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) trade information

Instantly NCLH was in red as seen in intraday trades today. With action -11.15%, the performance over the past five days has been red. The drop to weekly highs of 19.11 subtracted -0.55% to the stock’s daily price. The company’s shares are showing year-to-date downside of -13.95%, with the 5-day performance at -11.15% in the red. However, in the 30-day time frame, Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) is -11.11% down. Looking at the short shares, we see there were N/A shares sold at short interest cover period of N/A days.

Norwegian Cruise Line Holdings Ltd (NCLH) estimates and forecasts

Data shows that the Norwegian Cruise Line Holdings Ltd share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 16.05% over the past 6 months, a 78.57% in annual growth rate that is considerably higher than the industry average of 9.40%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Norwegian Cruise Line Holdings Ltd will rise 136.70%, while the growth in revenue is estimated to hit 3.30% for the next quarter. Year-over-year growth is forecast to reach 9.40% up from the last financial year.

Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of $2.24 billion. 14 analysts are of the opinion that Norwegian Cruise Line Holdings Ltd’s revenue for the quarter ending Jun 2024 will be $2.36 billion. The company’s revenue for the corresponding quarters a year ago was $1.82 billion. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 23.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -38.02%. The 2024 estimates are for Norwegian Cruise Line Holdings Ltd earnings to increase by 82.60%, but the outlook for the next 5-year period is at 46.05% per year.