Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) Loses -25.95% From High. Why That Could Change?

Currently, there are 439.69M common shares owned by the public and among those 434.59M shares have been available to trade.

The company’s stock has a 5-day price change of 2.22% and 1.26% over the past three months. NCLH shares are trading -19.71% year to date (YTD), with the 12-month market performance down to -6.02% lower. It has a 12-month low price of $12.70 and touched a high of $21.73 over the same period. NCLH has an average intraday trading volume of 13.19 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 -6.49%, -9.61%, and -8.38% respectively.

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Institutional ownership of Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) shares accounts for 68.01% of the company’s 439.69M shares outstanding.

It has a market capitalization of $7.07B and a beta (3y monthly) value of 2.72. The stock’s trailing 12-month PE ratio is 20.52, while the earnings-per-share (ttm) stands at $0.78. The company has a PEG of 0.40 and a Quick Ratio of 0.22 with the debt-to-equity ratio at 20.36. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.52% over the week and 4.66% over the month.

Earnings per share for the fiscal year are expected to increase by 121.01%, and 22.74% over the next financial year. EPS should grow at an annualized rate of 51.20% over the next five years, compared to -38.02% over the past 5-year period.

Looking at the support for the NCLH, a number of firms have released research notes about the stock. Truist stated their Buy rating for the stock in a research note on May 29, 2024, with the firm’s price target at $20-$21. Mizuho coverage for the Norwegian Cruise Line Holdings Ltd (NCLH) stock in a research note released on May 28, 2024 offered a Buy rating with a price target of $24. Mizuho was of a view on March 26, 2024 that the stock is Neutral, while Goldman gave the stock Neutral rating on March 13, 2024, issuing a price target of $19. Wells Fargo on their part issued Equal Weight rating on January 05, 2024.

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