The price-to-earnings ratio for Navios Maritime Partners L.P. (NYSE: NMM) is above average at 3.55x. The 36-month beta value for NMM is also noteworthy at 1.96. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
The public float for NMM is 17.95M, and at present, short sellers hold a 1.68% of that float. The average trading volume of NMM on July 26, 2024 was 173.27K shares.
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NMM) stock’s latest price update
Navios Maritime Partners L.P. (NYSE: NMM) has seen a decline in its stock price by -4.25 in relation to its previous close of 49.12. However, the company has experienced a -5.43% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-07-25 that MONACO, July 25, 2024 (GLOBE NEWSWIRE) — Navios Maritime Partners L.P. (“Navios Partners”) (NYSE:NMM), announced today that its Board of Directors has declared a cash distribution of $0.05 per unit for the quarter ended June 30, 2024. This distribution represents an annualized distribution of $0.20 per unit.
NMM’s Market Performance
Navios Maritime Partners L.P. (NMM) has seen a -5.43% fall in stock performance for the week, with a -5.56% decline in the past month and a 7.25% surge in the past quarter. The volatility ratio for the week is 3.02%, and the volatility levels for the past 30 days are at 2.63% for NMM. The simple moving average for the past 20 days is -7.45% for NMM’s stock, with a 29.55% simple moving average for the past 200 days.
Analysts’ Opinion of NMM
Many brokerage firms have already submitted their reports for NMM stocks, with Jefferies repeating the rating for NMM by listing it as a “Buy.” The predicted price for NMM in the upcoming period, according to Jefferies is $40 based on the research report published on July 21, 2022 of the previous year 2022.
Jefferies, on the other hand, stated in their research note that they expect to see NMM reach a price target of $55. The rating they have provided for NMM stocks is “Buy” according to the report published on April 27th, 2022.
Jefferies gave a rating of “Buy” to NMM, setting the target price at $15 in the report published on January 08th of the previous year.
NMM Trading at -5.45% from the 50-Day Moving Average
After a stumble in the market that brought NMM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.63% of loss for the given period.
Volatility was left at 2.63%, however, over the last 30 days, the volatility rate increased by 3.02%, as shares sank -5.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.35% lower at present.
During the last 5 trading sessions, NMM fell by -5.43%, which changed the moving average for the period of 200-days by +107.36% in comparison to the 20-day moving average, which settled at $50.68. In addition, Navios Maritime Partners L.P. saw 68.20% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NMM
Current profitability levels for the company are sitting at:
- 0.35 for the present operating margin
- 0.53 for the gross margin
The net margin for Navios Maritime Partners L.P. stands at 0.31. The total capital return value is set at 0.1. Equity return is now at value 15.34, with 7.98 for asset returns.
Based on Navios Maritime Partners L.P. (NMM), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is 3.58.
Currently, EBITDA for the company is 717.24 million with net debt to EBITDA at 2.81. When we switch over and look at the enterprise to sales, we see a ratio of 2.56. The receivables turnover for the company is 20.99for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
In summary, Navios Maritime Partners L.P. (NMM) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
