Navios Maritime Partners L.P (NYSE: NMM)’s stock price has soared by 7.41 in relation to previous closing price of 49.93. Nevertheless, the company has seen a gain of 0.04% in its stock price over the last five trading days. zacks.com reported 2024-11-11 that Navios Maritime Partners (NMM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects.
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 4.07x 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 18.48M and currently, short sellers hold a 1.01% ratio of that float. The average trading volume of NMM on November 15, 2024 was 233.07K shares.
NMM’s Market Performance
NMM’s stock has seen a 0.04% increase for the week, with a -8.17% drop in the past month and a 16.94% gain in the past quarter. The volatility ratio for the week is 4.77%, and the volatility levels for the past 30 days are at 3.44% for Navios Maritime Partners L.P The simple moving average for the past 20 days is -1.87% for NMM’s stock, with a 12.44% 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 -6.41% 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 -18.61% of loss for the given period.
Volatility was left at 3.44%, however, over the last 30 days, the volatility rate increased by 4.77%, as shares sank -6.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.18% upper at present.
During the last 5 trading sessions, NMM rose by +0.04%, which changed the moving average for the period of 200-days by +86.73% in comparison to the 20-day moving average, which settled at $54.65. In addition, Navios Maritime Partners L.P saw 91.81% 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:
- 0.34 for the present operating margin
- 0.66 for the gross margin
The net margin for Navios Maritime Partners L.P stands at 0.3. The total capital return value is set at 0.09. Equity return is now at value 14.09, with 7.52 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 0.27. The debt to equity ratio resting at 0.69. The interest coverage ratio of the stock is 3.58.
Currently, EBITDA for the company is 837.35 million with net debt to EBITDA at 2.2. When we switch over and look at the enterprise to sales, we see a ratio of 2.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.13.
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’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.
