Argus has recently raised Norwegian Cruise Line Holdings Ltd (NCLH) stock to Buy rating, as announced on November 4, 2024, according to Finviz. Earlier, on October 9, 2024, Citigroup had raised the stock from a Neutral to Buy, setting a price target of $30 for NCLH stock. Truist also raised Buy rating with a price target of $21. Additionally, Mizuho raised Buy rating on May 28, 2024, with a target price of $24. Mizuho analysts, in their report published on March 26, 2024, also initiated Neutral rating for Norwegian Cruise Line Holdings Ltd’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Norwegian Cruise Line Holdings Ltd (NCLH) Stock Trading Recap
On Tuesday, Norwegian Cruise Line Holdings Ltd (NCLH) stock saw a modest uptick, ending the day at $25.94 which represents a slight increase of $0.79 or 3.14% from the prior close of $25.15. The stock opened at $25.31 and touched a low of $25.21 during the day, reaching a high of $25.94. The volume of shares traded was 10.58 million falling short of the average volume of 12.73 million.
NCLH Stock Performance and Moving Averages
In recent trading, Norwegian Cruise Line Holdings Ltd (NCLH) stock price has shown some volatility, fluctuating 7.59% over the last five trades and 29.12% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 66.28%, and it has gained 74.80% in the previous three months. Currently, NCLH is trading at 8.07%, 22.49%, and 38.98% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, NCLH, a Consumer Cyclical sector stock, is trading -2.96% below its 52-week high but remains 104.17% above its 52-week low. The Average True Range (ATR) (14 days) of 0.97 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Norwegian Cruise Line Holdings Ltd’s Profitability and Valuation Ratios
Norwegian Cruise Line Holdings Ltd’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 15.24% and a profit margin of 5.87%, with a gross margin of 66.28%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Norwegian Cruise Line Holdings Ltd’s market capitalization stands at $11.41 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 25.17, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 12.67. Additionally, the Price-to-Sales Ratio is 1.22, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 10.05, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.02% of Norwegian Cruise Line Holdings Ltd (NCLH)’s shares, while financial institutions hold 69.97%.
Notable insider trades include Farkas Daniel S, EVP GC, CDO & Sec’y at Norwegian Cruise Line Holdings Ltd (NCLH), who sold 46820 shares on Nov 04 ’24, at $24.72 each, totaling $1.16 million. On Nov 04 ’24, Sommer Harry, Pres. & CEO of NCLH, sold 100000 shares for $24.67 each, amounting to $2.47 million. Additionally, on Aug 27 ’24, Farkas Daniel S sold 30000 shares at $18.09 each, generating $0.54 million.
