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Norwegian Cruise Line Holdings Ltd. (NCLH)

Consumer Cyclical | Travel Services | Miami, United States | NYSE
20.99 USD +0.96 (4.793%) ⇧ (April 17, 2026, 4 p.m. EDT)
After hours: 21.10 +0.11 (0.524%) ⇧ (April 17, 2026, 7:59 p.m. EDT)

Short-term: ★★★★☆ | Long-term: ★★☆☆☆ | Dividends: ☆☆☆☆☆
Hot Take | April 19, 2026, 12:16 a.m. EDT

NCLH presents a classic high-beta 'buy the dip' scenario with a starkly bifurcated outlook. The short-term rating of 4 is driven by heavy call volume targeting a rally toward the 24-25 analyst consensus, fueled by catalysts like activist involvement and a new CEO; however, the underlying fundamentals are poor (betting on 2026 profitability, negative free cash flow, and a cash-to-debt ratio of <2%). Long-term investors should avoid or be extremely cautious (rating 2) due to the 700% debt-to-equity ratio, as any guest count shortfall could trigger a balance sheet crisis, making this fundamentally a speculative trade rather than a value investment at these valuations.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.070953
AutoETS0.071238
AutoARIMA0.071238
AutoTheta0.075126

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 80%
H-stat 0.30
Ljung-Box p 0.000
Jarque-Bera p 0.501
Excess Kurtosis -0.80
Attribute Value
Sector Consumer Cyclical
Debt to Equity Ratio 703.028
Revenue per Share 21.91
Market Cap 9,561,903,104
Trailing P/E 22.82
Forward P/E 8.34
Beta 2.11
Profit Margins 4.31%
Website https://www.nclhltd.com

As of April 19, 2026, 12:16 a.m. EDT: Options flow shows a distinct 'call heavy' bias for near-term expirations (April/May), with significant Open Interest at 20.5, 21.0, and 24.0 strikes, creating a put-call ratio skewed toward upside. Volume spikes are concentrated in call legs (21.0, 20.5), indicating bullish speculation on a break above the 20-dma. While deep ITM options show IV spikes (likely due to funding costs rather than pure sentiment), the concentration of new flow above the current price suggests a positioning play for a rebound to the 24-25 range before the options wall at 24 acts as resistance.


Info Dump

Attribute Value
52 Week Change 0.30778813
Address1 7,665 Corporate Center Drive
All Time High 64.27
All Time Low 7.03
Ask 21.12
Ask Size 1,700
Audit Risk 10
Average Analyst Rating 2.0 - Buy
Average Daily Volume10 Day 19,786,090
Average Daily Volume3 Month 22,707,598
Average Volume 22,707,598
Average Volume10Days 19,786,090
Beta 2.113
Bid 21.05
Bid Size 1,300
Board Risk 4
Book Value 4.854
City Miami
Compensation As Of Epoch Date 1,735,603,200
Compensation Risk 3
Country United States
Crypto Tradeable 0
Currency USD
Current Price 20.99
Current Ratio 0.209
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 22.22
Day Low 20.9
Debt To Equity 703.028
Display Name Norwegian Cruise Line
Earnings Call Timestamp End 1,772,456,400
Earnings Call Timestamp Start 1,772,456,400
Earnings Quarterly Growth -0.944
Earnings Timestamp 1,772,458,200
Earnings Timestamp End 1,777,552,200
Earnings Timestamp Start 1,777,552,200
Ebitda 2,546,212,096
Ebitda Margins 0.25909
Enterprise To Ebitda 9.775
Enterprise To Revenue 2.532
Enterprise Value 24,888,150,016
Eps Current Year 2.1929
Eps Forward 2.51724
Eps Trailing Twelve Months 0.92
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 21.1046
Fifty Day Average Change -0.114601135
Fifty Day Average Change Percent -0.0054301494
Fifty Two Week Change Percent 30.778812
Fifty Two Week High 27.18
Fifty Two Week High Change -6.1900005
Fifty Two Week High Change Percent -0.227741
Fifty Two Week Low 15.31
Fifty Two Week Low Change 5.6799994
Fifty Two Week Low Change Percent 0.3709993
Fifty Two Week Range 15.31 - 27.18
Financial Currency USD
First Trade Date Milliseconds 1,358,519,400,000
Float Shares 453,085,695
Forward Eps 2.51724
Forward P E 8.338497
Free Cashflow -1,548,832,768
Full Exchange Name NYSE
Full Time Employees 44,500
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,775,001,600
Gross Margins 0.42619
Gross Profits 4,188,429,056
Has Pre Post Market Data 1
Held Percent Insiders 0.00434
Held Percent Institutions 0.89029
Implied Shares Outstanding 455,545,641
Industry Travel Services
Industry Disp Travel Services
Industry Key travel-services
Is Earnings Date Estimate 1
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 9,561,903,104
Market State CLOSED
Max Age 86,400
Message Board Id finmb_4180463
Most Recent Quarter 1,767,139,200
Net Income To Common 423,246,016
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 9,561,903,004
Number Of Analyst Opinions 22
Open 21.4
Operating Cashflow 2,089,746,048
Operating Margins 0.08315
Overall Risk 4
Payout Ratio 0.0
Peg Ratio 0.48
Phone 305 436 4000
Post Market Change 0.11000061
Post Market Change Percent 0.524062
Post Market Price 21.1
Post Market Time 1,776,470,380
Previous Close 20.03
Price Eps Current Year 9.5718
Price Hint 2
Price To Book 4.3242683
Price To Sales Trailing12 Months 0.972965
Profit Margins 0.043070003
Quick Ratio 0.092
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 1.95833
Region US
Regular Market Change 0.959999
Regular Market Change Percent 4.79281
Regular Market Day High 22.22
Regular Market Day Low 20.9
Regular Market Day Range 20.9 - 22.22
Regular Market Open 21.4
Regular Market Previous Close 20.03
Regular Market Price 20.99
Regular Market Time 1,776,456,003
Regular Market Volume 26,185,717
Return On Assets 0.045890003
Return On Equity 0.23285
Revenue Growth 0.064
Revenue Per Share 21.91
Sand P52 Week Change 0.38150132
Sector Consumer Cyclical
Sector Disp Consumer Cyclical
Sector Key consumer-cyclical
Share Holder Rights Risk 3
Shares Outstanding 455,545,641
Shares Percent Shares Out 0.1173
Shares Short 53,437,369
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 35,261,833
Short Name Norwegian Cruise Line Holdings
Short Percent Of Float 0.1531
Short Ratio 2.24
Source Interval 15
State FL
Symbol NCLH
Target High Price 38.0
Target Low Price 18.0
Target Mean Price 25.15909
Target Median Price 25.0
Total Cash 209,892,992
Total Cash Per Share 0.461
Total Debt 15,536,139,264
Total Revenue 9,827,592,192
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 0.92
Trailing P E 22.815216
Trailing Peg Ratio 0.4982
Triggerable 1
Two Hundred Day Average 22.28895
Two Hundred Day Average Change -1.2989502
Two Hundred Day Average Change Percent -0.058277767
Type Disp Equity
Volume 26,185,717
Website https://www.nclhltd.com
Zip 33,126