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%.
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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.
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.