In yesterday’s Wall Street session, Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) shares traded at $17.50, up 3.24% from the previous session.
NCLH stock price is now -0.80% away from the 50-day moving average and -1.81% away from the 200-day moving average. The market capitalization of the company currently stands at $7.69B.
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With the price target enhanced from $20 to $21, Truist Upgraded its rating from Hold to Buy for Norwegian Cruise Line Holdings Ltd (NYSE: NCLH). On May 28, 2024, Mizuho Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $21 to quote $24, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, Farkas Daniel S, EVP GC, CDO & Sec’y sold 30,000 shares of the company’s stock on Aug 27 ’24. The stock was sold for $542,760 at an average price of $18.09. Upon completion of the transaction, the EVP GC, CDO & Sec’y now directly owns 259,777 shares in the company, valued at $4.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 27 ’24, Pres. & CEO of NCLH Sommer Harry sold 25,000 shares of the business’s stock. A total of $452,358 was realized by selling the stock at an average price of $18.09. This leaves the insider owning 549,129 shares of the company worth $9.61 million. A total of 1.05% of the company’s stock is owned by insiders.
During the past 12 months, Norwegian Cruise Line Holdings Ltd has had a low of $12.70 and a high of $21.73. As of last week, the company has a debt-to-equity ratio of 20.36, a current ratio of 0.24, and a quick ratio of 0.22. According to the stock market information, the enterprise value for the company is $21213964288, which is based on a 22.32 price-to-earnings ratio, a 0.44 price-to-earnings-growth ratio, and a beta of 2.68. The fifty day moving average price for NCLH is $17.6178 and a two-hundred day moving average price translates $17.8368 for the stock.
The latest earnings results from Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) was released for 2024-06-30. The net profit margin was 4.62% and return on equity was 118.63% for NCLH. The company reported revenue of $2.37 billion for the quarter, compared to $2.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.57 percent.
