|Bid||15.81 x 4000|
|Ask||15.83 x 1400|
|Day's Range||14.91 - 15.89|
|52 Week Range||7.03 - 59.78|
|Beta (5Y Monthly)||2.61|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 05, 2020 - Nov 09, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||16.07|
Investors need to pay close attention to Norwegian Cruise Line (NCLH) stock based on the movements in the options market lately.
After two straight days of gains, cruise line stocks were headed back down today. Whether it's Carnival's (NYSE: CCL) 5.4% decline, Royal Caribbean's (NYSE: RCL) 5.2% slide, or Norwegian Cruise Line Holdings' (NYSE: NCLH) more modest 4% slump (all as of 1:05 p.m. EDT on Wednesday), every major publicly traded cruise line stock is sinking today. The pair of analyst price-target cuts that Royal Caribbean stock suffered on Tuesday is catching up to the cruisers today.
COVID-19 slammed into the U.S. economy like an iceberg, and crushed the cruise line industry like it was the Titanic. After numerous outbreaks of COVID-19 hit cruise ships -- in some cases infecting hundreds of passengers on a given vessel -- the Centers for Disease Control and Prevention took action in March. To avoid the prospect of thousands of passengers and crew, confined in relatively close quarters, spreading the novel coronavirus to one another -- and then sailing to new locales and spreading it further -- the U.S. instituted a "no sail" order forbidding cruise ships from starting new trips.