Norwegian Cruise Line Holdings (NCLH) stock price noted 1.43% drop in the last six months. It drove upside in the last one month as the recent one month drop was 13.62%. In the recent week, NCLH stock price further showed a 4.37% drop which was after the release of its Q2 2023 report.
The similar industry stocks, such as Selina Hospitality (NASDAQ: SLNA) and Civeo Corp. (NYSE: CVEO), its stock price further showed over 74% and 46% price drop in the last six months.
Will NCLH Stock Price Slide More?
In the recent trading session, NCLH stock price is trading at $17.46, with 1.08% price drop while sliding down from its 100-day moving average. According to its recent price performance, NCLH stock price showing bears increased dominance that is driving down its stock price.
Due to the current bearish trend, the RSI of NCLH stock price is heading near its oversold zone. Meanwhile, almost over one million of volumes have been noted which mostly experienced bears dominance.
The analysts have set their one year price forecasts at $19.80, up over 12% from the recent closing price of NCLH share. Whereas their maximum estimate is showing at $26.00 while minimum estimate is $14.00.
The Financial Update of Norwegian Cruise Line
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), a holding company, has a market cap of nearly $7.50 Billion. The company recently released its Q2 2023 report earlier this month that states its net income is nearly $86.12 Million. The company has a price-to-sales ratio of 1.15 and an Enterprise Value of EBITDA ratio of 24.43.
According to its Q2 2023 report, NCLH earnings per share (EPS) is $0.30 whereas the estimation was $0.26 which accounts for 14.90% surprise. The revenue for the same period amounts to $2.21 Billion despite the estimated figure of $2.17 Billion. For the upcoming quarter, the estimated EPS is $0.70, and revenue is expected to reach $2.54 Billion.
In the previous year, the revenue of Norwegian Cruise Line Holdings Ltd. reached $4.84 Billion. Out of which $3.25 Billion came from its highest performing source at the moment, Passenger Ticket.
