Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NCLH stock price is showing a bearish trend since the last six months.</a> </li> 
 <li> <span>2</span> <a>Even after the positive earnings’ report, NCLH stock showed a downside trend.</a> </li> 
</ul> 
<p>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.</p> 
<p>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.</p> 
<h2 class="wp-block-heading" id="strong-will-nclh-stock-price-slide-more-strong"><strong>Will NCLH Stock Price Slide More?</strong></h2> 
<p>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.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/flOIIIdAhY-XyRrlJRgfwu2YYoJZD1T-a712Cl3XUiTJ1NggDrPYSs41qhCSSMSojLwzUUvMaxeylb1thUcJXNW4zTNuiJzAA3fOiBdx7OcWiFOvlbTZmzjY7t1ub-Jte9dQKCU5dJ-CqfpVtxw3Uw" alt="NCLH Stock Price Sloping Down Below its 100-day Moving Average"> 
  <figcaption class="wp-element-caption"> <strong>Source: NCLH/USD by </strong><a href="https://www.tradingview.com/x/Vz4vGA04/" rel="noopener noreferrer nofollow"><strong>TradingView</strong></a> 
  </figcaption> 
 </figure> 
</div> 
<p>Due to the current bearish trend, the RSI of NCLH <a href="https://www.thecoinrepublic.com/2023/08/14/will-g-stock-price-change-its-path-after-recent-earnings/" target="_blank" rel="noopener noreferrer nofollow">stock price </a>is heading near its oversold zone. Meanwhile, almost over one million of volumes have been noted which mostly experienced bears dominance.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/NB4JVXd4Yx3PzByOPsDGheB5Dl4vE41POLTnvO0urHv1UabZScOCuw0m1f5I5DrpmrIrO0GzvV9Q5r-oIz32oUT6nlsrEDs1TtAWSMSo9EmrnOH1eyk2qQyyMMfDo5jqqtb2ApPcEbLtYdHiqVAM_A" alt="NCLH Stock Price Sloping Down Below its 100-day Moving Average" style="width: 100%;height:531px" width="1148" height="531"> 
  <figcaption class="wp-element-caption"> <strong>Source: Price Target of NCLH Stock by TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>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.</p> 
<h3 class="wp-block-heading" id="strong-the-financial-update-of-norwegian-cruise-line-strong"><strong>The Financial Update of Norwegian Cruise Line</strong></h3> 
<p>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.</p> 
<p>According to its Q2 2023 report, NCLH earnings per <a href="https://www.thecoinrepublic.com/2023/08/12/bats-share-price-dropped-over-2-in-weekly-price-analysis/" target="_blank" rel="noopener noreferrer nofollow">share </a>(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.</p> 
<p>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.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>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.</p>

NCLH Stock Price Sloping Down Below its 100-day Moving Average

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