The stock fell due to fears about the second wave of COVID-19 cases as economies reopen. According to a CNBC report, “The meltup may need to take a break, as sentiment has turned too bullish too rapidly.”
What happened to Norwegian Cruise Line Holdings stock after Q1?
Jul 16, 2021 · Compounding that, Norwegian has sued the state of Florida. On Tuesday, the company filed a complaint against the state -- an important cruise industry hub -- for prohibiting businesses from ...
Is Norwegian Air Shuttle Asa (nwarf) outperforming other stocks this year?
May 06, 2021 · Shares of Norwegian Cruise Line Holdings ( NCLH -1.74% ) tumbled 7.8% through 1:45 p.m. EDT this afternoon after the cruise operator reported its first-quarter 2021 earnings (read "losses") in the ...
Why is Norwegian Cruise taking out a $500 million loan?
Dec 15, 2020 · The stock is recovering in early afternoon trading, but is still down about 2% as of 12:50 p.m. EST. So what. It's not hard to figure out why. This morning, Norwegian Cruise Line announced plans ...
When will Norwegian Cruise Lines'fleet be back in the water?
May 05, 2020 · May 5, 2020 5:48PM EDT On Tuesday, shares of embattled cruise company Norwegian Cruise Line NCLH plummeted. The stock was down about 19% in late morning trading after it warned that it may have to...
Why did cruise line stocks go down today?
Is NCLH a good stock to buy?
Is Norwegian Cruise Line going to survive?
Is Norwegian Cruise Line in financial trouble?
Is NCLH an American company?
What is the target price for NCLH?
The 13 analysts offering 12-month price forecasts for Norwegian Cruise Line Holdings Ltd have a median target of 25.00, with a high estimate of 38.00 and a low estimate of 19.00. The median estimate represents a +54.27% increase from the last price of 16.20.
Which cruise lines are in financial trouble?
Are cruises sailing in 2021?
Will they cruise in 2021?
Will cruise stocks go back up?
Which cruise line has least debt?
And why Carnival Corporation and Royal Caribbean are down as well
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of Norwegian Cruise Line Holdings ( NYSE:NCLH) tumbled 7.8% through 1:45 p.m. EDT this afternoon after the cruise operator reported its first-quarter 2021 earnings (read "losses") in the morning.
So what
Of course, bad as that sounds, in the long run it's probably irrelevant. Norwegian -- like Royal Caribbean ( NYSE:RCL) and Carnival Corporation ( NYSE:CCL) -- is caught in a perfect storm of high fixed costs and a revenue stream that rounds to zero and will remain that way until cruising resumes in the U.S.
Now what
Cruise industry experts have previously opined that it will take about 90 days from the CDC giving the green light to the day cruising can resume. That means that at this point, it's probably unlikely that any cruise line will be able to restart U.S. operations before early August at the earliest.
Cash is still burning, and so Norwegian is taking out another loan
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Embattled cruise line stock Norwegian Cruise Line Holdings (NYSE:NCLH) suffered a steep sell-off in shares Tuesday morning. The stock is recovering in early afternoon trading, but is still down about 2% as of 12:50 p.m. EST.
So what
It's not hard to figure out why. This morning, Norwegian Cruise Line announced plans to sell $500 million aggregate principal amount of its senior notes due 2026. Or in basic English: Norwegian Cruise is taking out a loan, and adding $500 million to its debt load to help tide it over through the pandemic.
Now what
S&P Global Market Intelligence shows that Norwegian last raised cash through a debt offering in July, so its latest tally, showing that Norwegian Cruise had just under $11.2 billion in total debt at the end of September 2020, should still hold true today.
Norwegian Cruise Line's Oceania Resumes Sailing
Norwegian Cruise Line's affiliate Oceania Cruises on Sunday resumes sailing for the first time in almost a year and a half.
1 More Curve for Carnival, Royal Caribbean, Norwegian Cruise Line, and Disney
The historically potent summer season has been a wash, as false starts, the surge of the delta variant, and political wrangling have kept sailings in check for Carnival (NYSE: CCL) (NYSE: CUK), Royal Caribbean (NYSE: RCL), Norwegian Cruise Line Holdings (NYSE: NCLH), and Walt Disney (NYSE: DIS).
Why Carnival Corporation and Norwegian Cruise Line -- and AMC Stock, Too -- Popped Today
For the third trading day in a row, shares of Carnival Corporation (NYSE: CCL) and Norwegian Cruise Line Holdings (NYSE: NCLH) are on the rise, up 4.1% and 4.2%, respectively, as of 11 a.m. EDT.
COVID Delta fears unleash short sellers on these stock market sectors
Short-sellers are beginning to lift their bets on these stocks falling amid concerns around the COVID Delta variant.
Why Carnival and Norwegian Cruise Line -- and Spirit Airlines, Too -- Popped Today
The U.S. Food and Drug Administration officially fully approved the Biologics License Application for Cominarty, the COVID-19 vaccine from Pfizer (NYSE: PFE) and BioNTech (NASDAQ: BNTX), this morning, and shares of stocks tied to the tourism industry are flying off the shelves in response. As of 12:20 p.m.
Is It Too Soon to Get Back Into Cruise Line Stocks?
Carnival, Royal Caribbean, and Norwegian Cruise Line got price target increases this week, but the news isn't as good as it seems.
COVID-19 Delta variant is dragging down spending, Goldman Sachs charts reveal
Consumers are beginning to spend more cautiously, largely because of COVID-19 Delta variant concerns.
Is Norwegian Air Shuttle ASA a buy right now?
2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Norwegian Air Shuttle ASA in the last year. There are currently 2 buy ratings for the stock.
What stocks does MarketBeat like better than Norwegian Air Shuttle ASA?
Wall Street analysts have given Norwegian Air Shuttle ASA a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Norwegian Air Shuttle ASA wasn't one of them.
How has Norwegian Air Shuttle ASA's stock price been impacted by COVID-19 (Coronavirus)?
Norwegian Air Shuttle ASA's stock was trading at $1.22 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NWARF shares have decreased by 6.6% and is now trading at $1.14.#N#View which stocks have been most impacted by COVID-19.
Who are some of Norwegian Air Shuttle ASA's key competitors?
Some companies that are related to Norwegian Air Shuttle ASA include Aeroports de Paris (AEOXF), Airports of Thailand Public (AIPUY), Auckland International Airport (AUKNY), Beijing Capital International Airport (BJCHF), ENAV (EENNF), Finnair Oyj (FNNNF), Fraport (FRA), Fraport (FPRUY), Fraport (FPRUF), Hainan Meilan International Airport (HMCTF), Japan Airport Terminal (JTTRY), SAS AB (publ) (SASDY), Signature Aviation (BBAVF), Sydney Airport (SYDDF) and Sydney Airport (SYD).#N#View all of NWARF's competitors..
What is Norwegian Air Shuttle ASA's stock symbol?
Norwegian Air Shuttle ASA trades on the OTCMKTS under the ticker symbol "NWARF."
How do I buy shares of Norwegian Air Shuttle ASA?
Shares of NWARF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.#N#Compare Top Brokerages Here.
What is Norwegian Air Shuttle ASA's stock price today?
One share of NWARF stock can currently be purchased for approximately $1.14.