Norwegian Cruise Line Holdings Ltd. (NCLH)Consumer Cyclical | Travel Services | Miami, United States | NYSE
16.65 USD
After hours: 16.72 +0.07 (0.411%) ⇧ (Aug. 28, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 5:53 a.m. EDT
The investment case here is fraught with structural fragility masked by a temporary technical bounce. While the stock recently rallied 54% year-over-year, the underlying business remains in a precarious state defined by a crushing debt load and a balance sheet that is barely solvent. With a current ratio of just 0.2 and nearly $1.6 billion in negative free cash flow, the company is burning through capital despite reporting positive operating cash flow, likely due to aggressive working capital management that may not hold up under stress. The market has priced in a severe discount, trading at less than one dollar of sales, which reflects deep skepticism about the durability of its recovery. The recent price action shows a rebound, but the heavy put open interest at lower levels suggests smart money is still worried about a retest of the lows. Until the balance sheet strengthens and free cash flow turns sustainably positive, this remains a speculative play on a cyclical recovery rather than a solid long-term compounder. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.084177 |
| AutoARIMA | 0.085396 |
| AutoTheta | 0.085983 |
| MSTL | 0.088670 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 43% |
| H-stat | 1.39 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.755 |
| Excess Kurtosis | -0.48 |
| Attribute | Value |
|---|---|
| Sector | Consumer Cyclical |
| Debt to Equity Ratio | 621.051 |
| Revenue per Share | 22.29 |
| Market Cap | 7,645,477,376 |
| Trailing P/E | 10.09 |
| Forward P/E | 9.81 |
| Beta | 1.90 |
| Profit Margins | 7.49% |
| Website | https://www.nclhltd.com |
As of Aug. 22, 2026, 5:53 a.m. EDT: Speculators are positioning for a volatile range-bound recovery rather than a breakout. Call open interest builds significantly at strikes above the current price (19.0, 21.0, 22.0), creating a ceiling that suggests sellers expect resistance there. Conversely, put open interest is heavily concentrated at lower strikes (13.0, 15.0), establishing a strong floor. This 'sandwich' structure indicates a belief that the stock will oscillate between these levels without immediate momentum to break out either way. The massive volume spike in calls at the 18.5 strike suggests active buying of a bounce, while the deep OTM put volume implies hedging against a drop back to the 13-15 zone.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.3264563 |
| Address1 | 7,665 Corporate Center Drive |
| All Time High | 64.27 |
| All Time Low | 7.03 |
| Ask | 16.75 |
| Ask Size | 2,700 |
| Audit Risk | 5 |
| Average Analyst Rating | 2.3 - Buy |
| Average Daily Volume10 Day | 14,140,910 |
| Average Daily Volume3 Month | 16,249,233 |
| Average Volume | 16,249,233 |
| Average Volume10Days | 14,140,910 |
| Beta | 1.903 |
| Bid | 16.67 |
| Bid Size | 1,400 |
| Board Risk | 9 |
| Book Value | 5.603 |
| City | Miami |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 5 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 16.65 |
| Current Ratio | 0.2 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 16.935 |
| Day Low | 16.65 |
| Debt To Equity | 621.051 |
| Display Name | Norwegian Cruise Line |
| Earnings Call Timestamp End | 1,785,414,600 |
| Earnings Call Timestamp Start | 1,785,414,600 |
| Earnings Growth | 6.163 |
| Earnings Quarterly Growth | 6.42 |
| Earnings Timestamp | 1,785,414,600 |
| Earnings Timestamp End | 1,793,795,400 |
| Earnings Timestamp Start | 1,793,795,400 |
| Ebitda | 2,594,191,872 |
| Ebitda Margins | 0.25548 |
| Enterprise To Ebitda | 9.023 |
| Enterprise To Revenue | 2.305 |
| Enterprise Value | 23,406,196,736 |
| Eps Current Year | 1.53661 |
| Eps Forward | 1.6976 |
| Eps Trailing Twelve Months | 1.65 |
| Esg Populated | 0 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 305 436 4140 |
| Fifty Day Average | 19.313 |
| Fifty Day Average Change | -2.663 |
| Fifty Day Average Change Percent | -0.1378864 |
| Fifty Two Week Change Percent | -32.64563 |
| Fifty Two Week High | 27.18 |
| Fifty Two Week High Change | -10.530001 |
| Fifty Two Week High Change Percent | -0.38741723 |
| Fifty Two Week Low | 14.53 |
| Fifty Two Week Low Change | 2.12 |
| Fifty Two Week Low Change Percent | 0.14590502 |
| Fifty Two Week Range | 14.53 - 27.18 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,358,519,400,000 |
| Float Shares | 455,349,036 |
| Forward Eps | 1.6976 |
| Forward P E | 9.807964 |
| Free Cashflow | -1,680,301,312 |
| Full Exchange Name | NYSE |
| Full Time Employees | 44,500 |
| Fullday Change | 0.0 |
| Fullday Change Percent | 0.0 |
| Fullday Price | 16.7184 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.42457 |
| Gross Profits | 4,311,240,192 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.00546 |
| Held Percent Institutions | 1.04424 |
| Implied Shares Outstanding | 459,187,846 |
| Industry | Travel Services |
| Industry Disp | Travel Services |
| Industry Key | travel-services |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. It offers itineraries to destinations, such as Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, the Caribbean, and Alaska; and inter-island itinerary in Hawaii. The company also provides features, amenities, and activities, including various accommodations, dining venues, bars and lounges, spas, casino and retail shopping areas, and entertainment choices; shore excursions at each port of call, and air transportation and hotel packages for stays before or after a voyage. It offers its products and services under the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. The company was founded in 1966 and is based in Miami, Florida. |
| Long Name | Norwegian Cruise Line Holdings Ltd. |
| Market | us_market |
| Market Cap | 7,645,477,376 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_4180463 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | 760,768,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 7,645,477,635 |
| Number Of Analyst Opinions | 25 |
| Open | 16.79 |
| Operating Cashflow | 2,109,712,000 |
| Operating Margins | 0.14042 |
| Overall Risk | 5 |
| Payout Ratio | 0.0 |
| Peg Ratio | 1.55 |
| Phone | 305 436 4000 |
| Post Market Change | 0.06839943 |
| Post Market Change Percent | 0.4108074 |
| Post Market Price | 16.7184 |
| Post Market Time | 1,787,961,579 |
| Previous Close | 16.65 |
| Price Eps Current Year | 10.83554 |
| Price Hint | 2 |
| Price To Book | 2.9716222 |
| Price To Sales Trailing12 Months | 0.75292957 |
| Profit Margins | 0.07492 |
| Quick Ratio | 0.078 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 2.2963 |
| Region | US |
| Regular Market Change | 0.0 |
| Regular Market Change Percent | 0.0 |
| Regular Market Day High | 16.935 |
| Regular Market Day Low | 16.65 |
| Regular Market Day Range | 16.65 - 16.935 |
| Regular Market Open | 16.79 |
| Regular Market Previous Close | 16.65 |
| Regular Market Price | 16.65 |
| Regular Market Time | 1,787,947,203 |
| Regular Market Volume | 14,002,398 |
| Return On Assets | 0.042529996 |
| Return On Equity | 0.3673 |
| Revenue Growth | 0.049 |
| Revenue Per Share | 22.29 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Consumer Cyclical |
| Sector Disp | Consumer Cyclical |
| Sector Key | consumer-cyclical |
| Share Holder Rights Risk | 3 |
| Shares Outstanding | 459,187,846 |
| Shares Percent Shares Out | 0.1577 |
| Shares Short | 72,402,551 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 81,737,353 |
| Short Name | Norwegian Cruise Line Holdings |
| Short Percent Of Float | 0.17860001 |
| Short Ratio | 5.13 |
| Source Interval | 15 |
| State | FL |
| Symbol | NCLH |
| Target High Price | 32.0 |
| Target Low Price | 15.0 |
| Target Mean Price | 20.68 |
| Target Median Price | 20.0 |
| Total Cash | 218,100,000 |
| Total Cash Per Share | 0.475 |
| Total Debt | 15,978,818,560 |
| Total Revenue | 10,154,306,560 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 1.65 |
| Trailing P E | 10.090909 |
| Trailing Peg Ratio | 1.4988 |
| Triggerable | 1 |
| Two Hundred Day Average | 19.92775 |
| Two Hundred Day Average Change | -3.27775 |
| Two Hundred Day Average Change Percent | -0.1644817 |
| Type Disp | Equity |
| Volume | 14,002,398 |
| Website | https://www.nclhltd.com |
| Zip | 33,126 |