19 C
New York
Saturday, June 19, 2021

Here is why Norwegian Cruise Line Holdings Ltd (NCLH) stock went up yesterday, April 6, 2021

Norwegian Cruise Line Holdings Ltd (NCLH) stock improved on Tuesday, April 6, 2021. It gained 4.61% in the morning session and gained a further 3.22% in the after-market session.NCLH shares have risen by 267.38% over the last 12 months, and they have moved up by 18.58% in the past week. Over the past three months, the stock has gained 30.97%.


5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored



The recent surge came after the latest developments which we will discuss below.

Resumption Plan for cruise travel

Norwegian Cruise Line Holdings Ltd outlined its plan to resume its cruise operations from the U.S. ports and the Caribbean and Greek Isles in July after it had to halt its cruise services due to the Covid-19 pandemic a year ago.

The company submitted its plan yesterday to the Centers for Disease Control and Prevention for approval which includes its multi-layered SailSAFE Health and Safety Program. The NCLH worked with Royal Caribbean Cruises Ltd to provide74 specific recommendations to reduce risks of spreading the Coronavirus which includes testing of all guests and crew, compulsory face masks and keeps the social distance.

Setting pricing of 47,577,947 Ordinary Shares

On March 05, 2021, Norwegian Cruise Line announced the pricing for its public offering of 47,577,947 ordinary shares. The company is offering shares to the public at $30.00 per share. the net proceeds will be used for general corporate purposes.

Recent financial results

On February 25, 2021, NCLH reported financial results for the fourth quarter and full-year ended December 31, 2020

The full Year 2020 Financial Highlights

  • NCLH suffered a GAAP net lossof$4.0billion for FY  2020, compared to net income of $930.2 million in 2019.
  • The company suffered an Adjusted Net Loss of $2.2 billion 2020, compared to adjusted Net Income $1.1 billion in 2019.
  • It earned a revenue of $1.3 billion in 2020 compared to $6.5 billion in 2019

Fourth Quarter 2020 Results

  • For the Q4, 2020 GAAP net loss was $738.9 million, compared to net income of $121.3 million in the fourth quarter of 2019.
  • NCLH Q$, 2020 revenue was $9.6 million compared to $1.5 billion in 2019 Q4.

Conclusion

The traveling industry suffered most due to the Covid-19 pandemic but now the travel industry numbers keep rising because vaccination is increasing which can open all kind of travel in near future. Investors are hopeful for early resumption of all kinds of travel mode and hence NCLH stock went up recently after its plan submission to CDC.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam

Get The Best Stocks To Trade Every Day!

Join now to get the Newsheater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.