Norwegian Cruise Line Holdings Ltd. (NCLH) is trading at $16.30, which is -74.4% below its all-time high of $63.76. The Drawdown Severity Score is 15.7, placing it in the red (severe) zone. Over its tracked history, NCLH has experienced 38 significant drawdown events with an average maximum drawdown of -4.4%.

Data last updated: May 25, 2026 at 05:13 PM EDT

NCLH

Stock

Norwegian Cruise Line Holdings Ltd.

Price

$16.30

as of May 22, 2026

All Time High: $63.76

🔴

Historic

Current Drawdown

-74.4%

Days in Drawdown

3801

Avg Max Drawdown

4.4%

Avg Length

24

Drawdown Severity Score™

15.7

NCLH - Price & High Water Mark

NCLH - Drawdown Timeline

How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.

Norwegian Cruise Line Holdings Ltd. (NCLH) Analysis: Current Drawdown Insights

Norwegian Cruise Line Holdings Ltd. is currently experiencing an unusual drawdown opportunity. As of 2026-05-22, the stock is trading at $16.30, which represents a 74.4% decline from its all-time high of $63.76. This drawdown has persisted for 3801 days.

Based on comprehensive historical analysis spanning 13 years, Norwegian Cruise Line Holdings Ltd. typically experiences drawdowns averaging 4.4% in depth, with an average duration of 24 days. Norwegian Cruise Line Holdings Ltd. has gone through 38 total drawdown events in the last 13 years. The largest drawdown for Norwegian Cruise Line Holdings Ltd. in the last 13 years was 19.7%. The longest drawdown duration in its history was 228 days.

The Drawdown Severity Score™ for Norwegian Cruise Line Holdings Ltd. currently stands at 15.71. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score above 12.0 indicates a historic, once-in-a-decade event—an extraordinarily rare drawdown that may represent a possible generational buying opportunity or signal fundamental changes worth investigating.

Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns—periods when the price declines from all-time highs before recovering. By analyzing Norwegian Cruise Line Holdings Ltd.'s historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that may represent a buying opportunity.

📜 Historical Drawdown Events

Current drawdown shown in blue. Complete record of all 38 historical pullbacks below.

Start DateEnd DateDurationMax DepthStart PriceLowest PriceRecovery Price
2015-12-25Ongoing3801 days-74.4%$63.76$16.30
2015-10-282015-11-026 days-1.8%$63.63$62.47$63.76
2015-08-032015-10-2685 days-12.2%$62.42$54.79$63.23
2015-07-232015-07-319 days-3.0%$59.89$58.12$62.42
2015-07-152015-07-217 days-0.8%$59.22$58.74$59.29
2015-05-202015-07-1052 days-5.1%$57.30$54.37$57.65
2015-04-102015-05-1536 days-11.7%$54.81$48.37$55.36
2015-04-022015-04-087 days-2.4%$54.48$53.15$54.76
2015-03-302015-03-312 days-1.0%$53.82$53.28$54.01
2015-03-232015-03-275 days-4.7%$53.69$51.15$53.82
2015-03-062015-03-1610 days-2.8%$51.32$49.90$51.41
2015-03-032015-03-053 days-0.9%$50.82$50.36$51.32
2015-02-202015-02-256 days-1.3%$48.41$47.77$48.92
2014-12-302015-02-1952 days-10.6%$48.03$42.93$48.41
2014-12-262014-12-294 days-0.4%$47.66$47.48$48.03
2014-12-222014-12-232 days-0.4%$46.86$46.67$47.51
2014-12-082014-12-1710 days-3.8%$45.48$43.73$45.76
2014-12-012014-12-022 days-2.8%$43.89$42.66$44.14
2014-11-252014-11-284 days-0.1%$42.20$42.15$43.89
2014-11-202014-11-212 days-0.2%$41.79$41.71$41.83
2014-11-172014-11-182 days-0.7%$41.59$41.31$41.77
2014-11-042014-11-107 days-1.7%$39.07$38.40$39.35
2014-09-032014-10-3058 days-16.0%$36.99$31.07$38.44
2014-01-172014-09-02228 days-19.7%$36.91$29.65$36.99
2014-01-022014-01-1413 days-4.5%$35.47$33.88$35.85
2013-12-262013-12-272 days-0.1%$35.10$35.06$35.12
2013-11-292013-12-2022 days-7.9%$34.36$31.65$34.52
2013-11-252013-11-262 days-0.1%$33.57$33.55$33.99
2013-09-202013-11-2163 days-10.2%$33.19$29.81$33.20
2013-09-182013-09-192 days-0.4%$33.18$33.06$33.19
2013-08-162013-09-1733 days-5.2%$32.79$31.09$33.18
2013-05-282013-08-1378 days-12.1%$32.15$28.27$32.22
2013-05-212013-05-244 days-0.7%$32.03$31.80$32.15
2013-05-092013-05-2012 days-4.5%$31.90$30.46$32.03
2013-05-072013-05-082 days-0.5%$31.82$31.66$31.90
2013-02-202013-05-0271 days-7.3%$31.19$28.90$31.36
2013-02-062013-02-138 days-3.5%$28.54$27.55$28.92
2013-01-292013-02-047 days-5.3%$27.76$26.29$28.41
2013-01-242013-01-285 days-0.5%$27.49$27.35$27.76

How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).

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NCLH Price History and Drawdown Data

Latest price

$16.30

High-water mark

$63.76

Current drawdown

-74.4%

Days in drawdown

3,801

This NCLH page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Norwegian Cruise Line Holdings Ltd. drawdowns.

What History Says About NCLH

Norwegian Cruise Line Holdings Ltd. has dropped 10%+ from its high 7 times in its tracked history. These events lasted an average of 86 days with an average max drop of -13.2%.

The current drawdown of -74.4% has lasted 3,801 days, which is 44.2x the average duration of comparable events.

PeriodMax DropDuration
Jan 2014 to Sep 2014-19.7%228 days
Sep 2014 to Oct 2014-16.0%58 days
Aug 2015 to Oct 2015-12.2%85 days
May 2013 to Aug 2013-12.1%78 days
Apr 2015 to May 2015-11.7%36 days
Dec 2014 to Feb 2015-10.6%52 days

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