Norwegian Cruise Line Holdings Ltd. [NCLH] moved down -2.37: Why It’s Important


Norwegian Cruise Line Holdings Ltd. [NYSE: NCLH] closed the trading session at $11.53 on 07/08/22. The day’s price range saw the stock hit a low of $11.29, while the highest price level was $11.91. The company report on July 6, 2022 that Norwegian Cruise Line Holdings Announces Revisions to SailSAFE Health and Safety Protocols.

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Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) today announced it will no longer require guests to complete pre-cruise COVID-19 testing unless required by local regulations. This policy will go into effect across Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises beginning August 1, 2022. The pre-embarkation testing requirement will remain in place for guests currently traveling on voyages departing from destinations with local testing regulations, including but not limited to the U.S., Canada, Greece and Bermuda. The relaxation of the testing policy is in line with the rest of the travel, leisure and hospitality industry worldwide as society continues to adapt and return to a state of normalcy. The Company continues to strongly recommend all guests be up to date on vaccination protocols and test at their convenience prior to travel.

All voyages across the Company’s three brands continue to operate under its robust science-backed SailSAFE health and safety program which will evolve along with the public health environment. The Company also follows applicable local protocols at the ports and destinations it visits.

The stocks have a year to date performance of -44.41 percent and weekly performance of 3.69 percent. The stock has been moved at -46.77 percent over the last six months. The stock has performed -27.44 percent around the most recent 30 days and changed -44.25 percent over the most recent 3-months.

If compared to the average trading volume of 21.61M shares, NCLH reached to a volume of 16689639 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Norwegian Cruise Line Holdings Ltd. [NCLH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NCLH shares is $21.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NCLH stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Norwegian Cruise Line Holdings Ltd. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on June 29, 2022. While these analysts kept the previous recommendation, Susquehanna raised their target price to Positive. The new note on the price target was released on June 09, 2022, representing the official price target for Norwegian Cruise Line Holdings Ltd. stock. Previously, the target price had yet another raise to $27, while Wells Fargo analysts kept a Overweight rating on NCLH stock.

The Average True Range (ATR) for Norwegian Cruise Line Holdings Ltd. is set at 1.02, with the Price to Sales ratio for NCLH stock in the period of the last 12 months amounting to 4.24. The Price to Book ratio for the last quarter was 3.19, with the Price to Cash per share for the same quarter was set at 4.98.

NCLH stock trade performance evaluation

Norwegian Cruise Line Holdings Ltd. [NCLH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.69. With this latest performance, NCLH shares dropped by -27.44% in over the last four-week period, additionally sinking by -46.77% over the last 6 months – not to mention a drop of -56.88% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NCLH stock in for the last two-week period is set at 42.25, with the RSI for the last a single of trading hit 43.81, and the three-weeks RSI is set at 41.41 for Norwegian Cruise Line Holdings Ltd. [NCLH]. The present Moving Average for the last 50 days of trading for this stock 14.76, while it was recorded at 11.68 for the last single week of trading, and 20.43 for the last 200 days.

Norwegian Cruise Line Holdings Ltd. [NCLH]: An insightful look at the core fundamentals

Norwegian Cruise Line Holdings Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.80.

Norwegian Cruise Line Holdings Ltd. [NCLH]: Insider Ownership positions

There are presently around $2,675 million, or 56.30% of NCLH stock, in the hands of institutional investors. The top three institutional holders of NCLH stocks are: VANGUARD GROUP INC with ownership of 45,160,452, which is approximately 14.011% of the company’s market cap and around 0.80% of the total institutional ownership; BLACKROCK INC., holding 22,085,953 shares of the stock with an approximate value of $254.65 million in NCLH stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $244.92 million in NCLH stock with ownership of nearly 15.654% of the company’s market capitalization.

302 institutional holders increased their position in Norwegian Cruise Line Holdings Ltd. [NYSE:NCLH] by around 33,871,716 shares. Additionally, 229 investors decreased positions by around 35,280,187 shares, while 106 investors held positions by with 162,823,753 shares. The mentioned changes placed institutional holdings at 231,975,656 shares, according to the latest SEC report filing. NCLH stock had 89 new institutional investments in for a total of 8,008,645 shares, while 104 institutional investors sold positions of 10,825,247 shares during the same period.