NCLH stock price has added 33.20% in the Year-to-Date time frame; despite this surge, NCLH stock is trading below 50,100 and 200-day exponential moving average (EMA) and above 20-day EMA.
Norwegian Cruise Line Holdings Ltd (NCLH) Stock Price Analysis
In the 52-week time frame, Norwegian Cruise Line Holdings Ltd stock peaked at $22.75 and lowest traded at $11.19. The annual price target of NCLH stock is $20.17, around 21.12% greater than its press time trading price.
Norwegian Cruise Line Holdings Ltd has a market capitalization of $7.083 Billion, which makes it 1904th most valuable company in the world. The MACD and signal line intersect each other below the zero line.
However, the histogram reflects bull accumulation above the zero line. The RSI and RSI-based MA lines are constantly approaching the zero line. On October 6, 2023, NCLH’s stock trading range lies between $16.10 and $16.78.
A decline of 7.54% is seen in the Norwegian Cruise Line Holdings Ltd stock price, as it fell below $16.
TradingView data states that 418.05 Million NCLH shares are free-floating, and the remaining 7.374 Million shares are closely held.
Norwegian Cruise Line Holdings Ltd (NCLH) Financial Updates
Norwegian Cruise Line Holdings Ltd met the analysts’ estimation and reported 1.82% more revenue than estimated figures in Q2 2023. However, the reported EPS of the company was 14.90% greater than the estimates.
In 2022, the company reported $4.84 Billion in revenue, from which its net income was negative $2.27 Billion and its overall profit margin was negative 46.86%. NCLH does not pay dividends to its shareholders. In the long term, the company’s total assets were $16.99 Billion, and liabilities were $13.43 Billion.
Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, the Caribbean, Alaska and Hawaii.
Technical Levels
Support Level: $16.11 & $15.44
Resistance Level: $17.16 & $18.12
Conclusion:
NCLH stock price has added 33.20% in the Year-to-Date time frame; it declined 7.54% to $16. On October 6, 2023, NCLH’s stock was trading between $16.10 and $16.78. Market analysts believe that a surge is expected in the coming days.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/10/07/nclh-stock-price-rose-33-ytd-aims-to-retest-18-resistance/