Gains May Be On The Menu For Norwegian Cruise Line Holdings Ltd (NYSE: NCLH)

Currently, there are 421.41M common shares owned by the public and among those 420.80M shares have been available to trade.

Insiders at the company have transacted a total of 44 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 13 of these insider trades were purchases, accounting for 1,585,091 shares. Insider sales of the common stock occurred on 31 occasions, with total insider shares sold totaling 1,193,836 shares.

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However, the script later moved the day high at 16.30, down -0.49%. The company’s stock has a 5-day price change of -2.76% and 10.59% over the past three months. NCLH shares are trading -19.26% year to date (YTD), with the 12-month market performance down to -9.10% lower. It has a 12-month low price of $12.15 and touched a high of $22.75 over the same period. NCLH has an average intraday trading volume of 13.00 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.00%, -10.94%, and -5.32% respectively.

Institutional ownership of Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) shares accounts for 69.95% of the company’s 421.41M shares outstanding.

It has a market capitalization of $6.88B and a beta (3y monthly) value of 2.58. The earnings-per-share (ttm) stands at -$0.66. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.97% over the week and 3.71% over the month.

Analysts forecast that Norwegian Cruise Line Holdings Ltd (NCLH) will achieve an EPS of -$0.14 for the current quarter, -$0.2 for the next quarter and $1.23 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.21 while analysts give the company a high EPS estimate of -$0.07. Comparatively, EPS for the current quarter was -$1.04 a year ago. Earnings per share for the fiscal year are expected to increase by 116.13%, and 61.81% over the next financial year.

Looking at the support for the NCLH, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on January 05, 2024, with the firm’s price target at $18. Redburn Atlantic coverage for the Norwegian Cruise Line Holdings Ltd (NCLH) stock in a research note released on September 14, 2023 offered a Overweight rating with a price target of $25. Susquehanna was of a view on August 02, 2023 that the stock is Neutral, while Truist gave the stock Hold rating on July 18, 2023, issuing a price target of $17- $23. JP Morgan on their part issued Neutral rating on April 28, 2023.

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