With that in mind, the biggest threat to Norwegian Cruise Line is its short-term cash flow. If Norwegian Cruise Line can return to its pre-pandemic levels in a few years’ time, there’s no reason why the stock wouldn’t also return to the level it pre-Covid trading levels. Until March, the stock had never traded below $24 per share in its seven-year history as a public company.įor bargain hunters, this kind of pricing drop is an opportunity that may only come once in a lifetime. It’s worth noting that these rock-bottom share prices are unprecedented for Norwegian Cruise Line. Now compare that against the $58 per share price in January, and you can see that NCLH price has already been discounted by close to 80%. Norwegian Cruise Line stock is trading around $12 per share right now, up from an all-time low of $7.03. The good news is, the stock price reflects this bleak reality. Costs for maintaining ships and retaining staff are fixed, and it takes a certain number of passengers per sailing for the company to break even. That means that Norwegian Cruise is going to bleed money for the rest of 2020, and probably for a lot of 2021 as well. Any cruise ships that sail for the rest of 2020 will be booked well below capacity in all likelihood. Currently, all cruises from US ports have been cancelled, and they’re not likely to resume for some time now.Įven then, don’t expect travellers to come back in droves. There’s no way to paint Norwegian Cruise Line’s current situation in a positive light. Here, we’ll dive into some of the reasons why we think Norwegian Cruise Lines is a good buy right now. Is Norwegian Cruise Line a worthwhile investment? The Coronavirus pandemic has created a lot of uncertainty in the travel industry, so the future of NCLH stock largely depends on how the industry bounces back over the next few years. When your order is ready, click ‘Open Trade’ to buy NCLH stock. A take-profit price is above the current price and tells eToro to sell your shares if the stock price rises to lock in your profits. It’s highly recommended to specify a stop-loss for every trade since they protect you from big losses if the stock price drops. A stop loss is a price below the current price at which eToro will automatically sell your shares if the markets go against you. It’s good to also consider whether you want to set stop loss or take-profit levels. But, you can hit ‘Units’ if you’d rather buy a specific number of shares. By default, eToro lets you enter your trade according to how much money you want to invest. You need to fill out the order form in front of you in order to tell eToro how much NCLH stock you want to buy and how your trade should be executed. To open an order form to buy shares, click the ‘Trade’ button at the top of the page. You’re now on the NCLH stock page, where you’ll find charts and other information about the stock. Then, click on Norwegian Cruise Line when it appears in the drop-down menu. In the search bar at the top of the page, enter ‘Norwegian Cruise Line’ or ‘NCLH’. Step 1: Search for Norwegian Cruise Line Stock If you chose another broker, the steps should be very similar. Let’s take a look at the steps required to buy NCLH stock from eToro after you’ve created a new account. The broker allows you to own shares outright, makes it fast and simple to set up an account, and offers social trading so you can see what other traders are buying. View Fees How to Buy Norwegian Cruise Line Stock from Toro: Step-by-step guideĮToro is our favourite broker for trading stocks. We’ll also highlight our favourite online brokers for building a stock portfolio before exploring the argument that touches on why it’s worth adding NCLH stock to your portfolio. If you’re considering whether to buy Norwegian Cruise Line stock right now, this guide will help bring you up to speed with everything you need to know about NHLC. Today, and as a result of the lockdown, NCLH stock has shed more than 80% value when compared to its 20 share price peaks.įor long-term investors who believe that the travel industry will eventually make a comeback, this is the best time to buy. Companies like Norwegian Cruise Line were reporting huge business success before the wave of lockdown. It, therefore, should come as no surprise that the stock prices for most companies in the travel industry have plummeted in recent months.īut, that plunge could also be presenting you with the most viable buying opportunity. Cruise liners are sitting in port, aeroplanes are parked on runways, and hotels are operating at a fraction of their normal capacity. The travel industry has been hit hard by the COVID-19 pandemic.
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