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Here's Why Norwegian Cruise Line (NCLH) is a Strong Momentum Stock

Zacks Equity Research
·2-min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Is This 1 Momentum Stock a Screaming Buy Right Now?

For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

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Norwegian Cruise Line (NCLH)

Norwegian Cruise Line Holdings Ltd., a Bermuda Limited company, is a leading cruise line operator.  It owns and operates three brands — Oceania Cruises, Regent Seven Seas Cruises and Norwegian Cruise Line. The company, founded in 1966, is headquartered in Miami, FL.

NCLH boasts a Momentum Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Norwegian Cruise Line has seen some interesting price action recently; the stock is down 6.9% over the past one week and up 5.1% over the past four weeks. And in the last one-year period, NCLH has lost 13.4%. As for the stock's trading volume, 13,233,295 shares on average were traded over the last 20 days.

A company's earnings performance is important for momentum investors as well. For fiscal 2024, seven analysts revised their earnings estimate higher in the last 60 days for NCLH, while the Zacks Consensus Estimate has increased $0.16 to $1.42 per share. NCLH also boasts an average earnings surprise of 4%.

With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding NCLH to their portfolios.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Norwegian Cruise Line Holdings Ltd. (NCLH) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research