Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) Could Increase In Price By -38.17% Or More

Norwegian Cruise Line Holdings Ltd (NYSE:NCLH)’s traded shares stood at 6.07 million during the last session, with the company’s beta value hitting 2.72. At the close of trading, the stock’s price was $23.16, to imply a decrease of -0.26% or -$0.06 in intraday trading. The NCLH share’s 52-week high remains $24.80, putting it -7.08% down since that peak but still an impressive 45.16% since price per share fell to its 52-week low of $12.70. The company has a valuation of $10.18B, with an average of 8.61 million shares in intraday trading volume over the past 10 days and average of 13.00 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Norwegian Cruise Line Holdings Ltd (NCLH), translating to a mean rating of 2.18. Of 11 analyst(s) looking at the stock, 0 analyst(s) give NCLH a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.94.

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

After registering a -0.26% downside in the last session, Norwegian Cruise Line Holdings Ltd (NCLH) has traded red over the past five days. The 5-day price performance for the stock is -2.73%, and 9.87% over 30 days. With these gigs, the year-to-date price performance is 15.57%. Short interest in Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) saw shorts transact 26.86 million shares and set a 1.9 days time to cover.

The extremes give us $11.5 and $32 for target low and target high price respectively. As such, NCLH has been trading -38.17% off suggested target high and 50.35% from its likely low.

Norwegian Cruise Line Holdings Ltd (NCLH) estimates and forecasts

Looking at statistics comparing Norwegian Cruise Line Holdings Ltd share performance against respective industry, we note that the company has outperformed competitors. Norwegian Cruise Line Holdings Ltd (NCLH) shares are 21.64% up over the last 6 months, with its year-to-date growth rate higher than industry average at 127.14% against 12.10%. Revenue is forecast to grow 23.70% this quarter before jumping 144.40% for the next one. The rating firms project that company’s revenue will grow 10.10% compared to the previous financial year.

Revenue forecast for the current quarter as set by 15 analysts is 2.77B. Meanwhile, for the current quarter, a total of 15 analyst(s) estimate revenue growth to 2.07B.Earnings reports from the last fiscal year show that sales brought in 2.54B and 1.99B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 9.20% before jumping 4.20% in the following quarter.

NCLH Dividends

Norwegian Cruise Line Holdings Ltd has its next earnings report out on 2024-Oct-31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

Norwegian Cruise Line Holdings Ltd insiders hold 0.65% of total outstanding shares, with institutional holders owning 71.57% of the shares at 72.03% float percentage. In total, 71.57% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 51.89 million shares (or 12.1588% of shares), all amounting to roughly $975.09 million.

The next major institution holding the largest number of shares is CAPITAL INTERNATIONAL INVESTORS with 34.79 million shares, or about 8.1507% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $653.66 million.

We also have American Balanced Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Norwegian Cruise Line Holdings Ltd (NCLH) shares. Going by data provided on Sep 30, 2024 , American Balanced Fund holds roughly 18.33 shares. This is just over 4.17% of the total shares, with a market valuation of $424.5 million. Data from the same date shows that the other fund manager holds a little less at 13.68, or 3.11% of the shares, all valued at about 316.72 million.