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.
Norwegian Cruise Line Holdings Ltd (NCLH) Stock Trading Recap
On Tuesday, Norwegian Cruise Line Holdings Ltd (NCLH) stock saw a decline, ending the day at $27.38 which represents a decrease of $-0.97 or -3.42% from the prior close of $28.35. The stock opened at $28.25 and touched a low of $27.37 during the day, reaching a high of $28.46. The volume of shares traded was 11.47 million falling short of the average volume of 12.35 million.
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NCLH Stock Performance and Moving Averages
In recent trading, Norwegian Cruise Line Holdings Ltd (NCLH) stock price has shown some volatility, fluctuating 0.85% over the last five trades and 10.05% 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 53.22%, and it has gained 58.36% in the previous three months. Currently, NCLH is trading at 1.38%, 12.36%, and 39.69% 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 -4.40% below its 52-week high but remains 86.39% above its 52-week low. The Average True Range (ATR) (14 days) of 0.93 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 financial health. The company currently boasts an operating margin of 15.30% and a profit margin of 5.87%, with a gross margin of 53.22%. 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 $12.04 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 26.57, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 13.04. Additionally, the Price-to-Sales Ratio is 1.29, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 10.6, 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 0.97% of Norwegian Cruise Line Holdings Ltd (NCLH)’s shares, while financial institutions hold 74.08%.
Notable insider trades include Ashby Faye L., SVP & Chief Accounting Officer at Norwegian Cruise Line Holdings Ltd (NCLH), who sold 38344 shares on Nov 08 ’24, at $27.3 each, totaling $1.05 million. On Nov 06 ’24, Kempa Mark, EVP & CFO, sold 15000 shares for $27.86 each, amounting to $0.42 million. Additionally, on Nov 06 ’24, DeMarco Andrea sold 29000 shares at $27.76 each, generating $0.81 million.
