Stocks of Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) traded higher last session on Wall Street, down -1.24% to $23.81.
NCLH stock price is now 23.68% away from the 50-day moving average and 30.40% away from the 200-day moving average. The market capitalization of the company currently stands at $10.47B.
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With the price target enhanced from $20 to $30, Citigroup Upgraded its rating from Neutral to Buy for Norwegian Cruise Line Holdings Ltd (NYSE: NCLH). On May 29, 2024, Truist Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $20 to quote $21, while ‘Mizuho’ rates the stock as ‘Buy’
In other news, Russell W. Galbut, Former Chairman bought 125,275 shares of the company’s stock on Oct 10 ’24. The stock was bought for $2,605,720 at an average price of $20.80. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 23 ’24, Former Chairman Russell W. Galbut bought 200,000 shares of the business’s stock. A total of $4,178,000 was incurred on buying the stock at an average price of $20.89. A total of 1.02% 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 $24.80. 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. The fifty day moving average price for NCLH is $19.2518 and a two-hundred day moving average price translates $18.2593 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.
