The stock of Navios Maritime Partners L.P. (NMM) has seen a 15.57% increase in the past week, with a 3.57% gain in the past month, and a 7.55% flourish in the past quarter. The volatility ratio for the week is 2.40%, and the volatility levels for the past 30 days are at 3.31% for NMM. The simple moving average for the last 20 days is 14.39% for NMM stock, with a simple moving average of 37.00% for the last 200 days.
Is It Worth Investing in Navios Maritime Partners L.P. (NYSE: NMM) Right Now?
Navios Maritime Partners L.P. (NYSE: NMM) has a price-to-earnings ratio of 3.97x that is above its average ratio. Additionally, the 36-month beta value for NMM is 1.97. 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.”
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The public float for NMM is 17.96M and currently, short sellers hold a 1.15% ratio of that float. The average trading volume of NMM on August 20, 2024 was 161.16K shares.
NMM) stock’s latest price update
The stock price of Navios Maritime Partners L.P. (NYSE: NMM) has surged by 10.98 when compared to previous closing price of 47.35, but the company has seen a 15.57% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-20 that MONACO, Aug. 20, 2024 (GLOBE NEWSWIRE) — Navios Maritime Partners L.P. (“Navios Partners”) (NYSE: NMM), an international owner and operator of dry cargo and tanker vessels, today reported its financial results for the second quarter and six month period ended June 30, 2024.
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 7.99% 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 -2.38% of loss for the given period.
Volatility was left at 3.31%, however, over the last 30 days, the volatility rate increased by 2.40%, as shares surge +4.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.68% upper at present.
During the last 5 trading sessions, NMM rose by +15.34%, which changed the moving average for the period of 200-days by +135.28% in comparison to the 20-day moving average, which settled at $46.05. In addition, Navios Maritime Partners L.P. saw 87.95% 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 2.69. 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 conclusion, Navios Maritime Partners L.P. (NMM) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
