Great Stock to Buy Now in the Midst of the Pandemic!

In the midst of the Coronavirus Pandemic that is turning the world upside down, investing may be the last thing on your mind. However, the pandemic has created a rare opportunity to invest in quality stocks for very cheap. One such stock has caught my eye in particular as a very rare opportunity: Norwegian Cruise Line (NCLH). 

Why NCLH is Cheap

So hear me out... NCLH is currently trading at $16.36 per share and has been fluctuating between $15 and $17. A month ago, NCLH hit $26.85 a share, which isn't a bad gain from what it is trading at now. I can guess that the concerning state of the world due to the Coronavirus has brought down the value of this stock and is keeping it in that $15 to $17 vicinity. People obviously aren't able to go on cruises right now which is definitely hurting the value of a company that makes it's living off of cruises...However, there is some great upside that I believe will make this stock a winner.

The Upside

There are multiple reasons why I believe the Norwegian Cruise Line Stock will have a very bright future and they are mainly based on logic. First of all, people have been cooped up in their homes during this Pandemic and I can guess that when the world returns to normal, taking a cruise doesn't sound like such a bad idea. This would increase revenue for Norwegian Cruise Lines and thus increase the value of their stock. Next, as touched upon earlier, just a month ago NCLH reached $26.85 per share. This shows that the company hasn't been merely declining throughout the whole market crash and there is some upside. Finally, NCLH has been trading at a value consistently between $35 and $60 for the past five years before the market crash. That is a very promising statistic to me because if the NCLH stock just merely returns to what it was worth, an investment now would allow you to double or triple your money! The cruise line just has to get back to normal so if it can consistently stay up in the $35 to $60 range for five years, I don't see a reason it wouldn't return there eventually. 

The Final Consensus

There is no way to know what for sure is going to happen in the coming future and nothing is a guarantee. There is always a chance that the market will surprise us and an investment here would lose money. With that being said, Norwegian Cruise Line has 36,000 employees and has the potential to provide great gains in the future. Due to the great upside of this stock, I am going to rule it a HIGH VOLTAGE stock and conclude that I believe it is a good time to buy!

July 12, 2020 Tags : stock , stock market

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