Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) Shares Gain $0.04 After Investor Confidence Raised

Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) has a beta value of 2.70 and has seen 3.03 million shares traded in the recent trading session. The company, currently valued at $7.76B, closed the recent trade at $17.65 per share which meant it gained $0.04 on the day or 0.20% during that session. The NCLH stock price is -23.12% off its 52-week high price of $21.73 and 28.05% above the 52-week low of $12.70. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.96 million shares traded. The 3-month trading volume is 12.17 million shares.

The consensus among analysts is that Norwegian Cruise Line Holdings Ltd (NCLH) is Buy stock at the moment, with a recommendation rating of 2.29. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 11 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.93.

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

Sporting 0.20% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NCLH stock price touched $17.65 or saw a rise of 3.55%. Year-to-date, Norwegian Cruise Line Holdings Ltd shares have moved -11.95%, while the 5-day performance has seen it change -2.41%. Over the past 30 days, the shares of Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) have changed 15.10%. Short interest in the company has seen 26.82 million shares shorted with days to cover at 2.01.

Wall Street analysts have a consensus price target for the stock at $20.5, which means that the shares’ value could jump 13.9% from the levels at last check today. The projected low price target is $11.5 while the price target rests at a high of $32.0. In that case, then, we find that the latest price level in today’s session is -81.3% off the targeted high while a plunge would see the stock lose 34.84% from the levels at last check today.

Norwegian Cruise Line Holdings Ltd (NCLH) estimates and forecasts

Figures show that Norwegian Cruise Line Holdings Ltd shares have outperformed across the wider relevant industry. The company’s shares have lost -10.25% over the past 6 months, with this year growth rate of 122.86%, compared to 1.80% for the industry. Revenue growth from the last financial year stood is estimated to be 10.00%.

13 analysts offering their estimates for the company have set an average revenue estimate of 2.77B for the current quarter. 13 have an estimated revenue figure of 2.07B for the next ending quarter. Year-ago sales stood 2.54B and 1.99B respectively for this quarter and the next, and analysts expect sales will grow by 9.20% for the current quarter and 10.00% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -38.02% over the past 5 years. Earnings growth for 2024 is a modest 122.10% while over the next 5 years, the company’s earnings are expected to increase by 51.20%.

NCLH Dividends

Norwegian Cruise Line Holdings Ltd is expected to release its next earnings report on 2024-Oct-30 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Norwegian Cruise Line Holdings Ltd (NYSE:NCLH)’s Major holders

Insiders own 0.65% of the company shares, while shares held by institutions stand at 68.07% with a share float percentage of 68.52%. Investors are also buoyed by the number of investors in a company, with Norwegian Cruise Line Holdings Ltd having a total of 771.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 51.89 million shares worth more than $975.09 million. As of 2024-06-30, VANGUARD GROUP INC held 12.1588% of shares outstanding.

The other major institutional holder is CAPITAL INTERNATIONAL INVESTORS, with the holding of over 34.79 million shares as of 2024-06-30. The firm’s total holdings are worth over $653.66 million and represent 8.1507% of shares outstanding.