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Tuesday, September 29, 2020

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) on the Path to Profitability

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The Norwegian Cruise Line Holdings Ltd. (NCLH) shares are trading at higher $14.34 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $16.85.

To add more color to this target, the company’s high over the last year is $59.78 and the low is $7.03. Over the last 52 weeks, NCLH is down -76.01% while the S&P 500 is up 1.23%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, NCLH reported a profit of $252.62 million. Norwegian Cruise Line Holdings Ltd. also saw revenues increase to $1.25 billion. In addition, NCLH has free cash flow of -$662.86 million as of 03-2020. The company’s EBITDA came in at -$21.07 million which compares well with its peers.

NCLH booked profit margins of -17.00%, its Return on Equity (ROE) is -18.30%, and its Return on Assets is -6.60%. All told, it is clear that, NCLH needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. NCLH has a short ratio of 0.77 and outstanding shares of 275.51M.

Company Outlook

NCLH has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 39.47 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -5.04. Norwegian Cruise Line Holdings Ltd. NCLH also noted assets of $16.46 billion at the end of the last quarter. Investors should also keep an eye on sector updates as NCLH has historically followed its peers on positive news.

All told, Norwegian Cruise Line Holdings Ltd. NCLH has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NCLH represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Norwegian Cruise Line Holdings Ltd. NCLH is now commanding a market cap of 3.68B and a float of 254.61M. NCLH is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of NCLH stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in NCLH, either long or short, and we have not been compensated for this article.

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