Navios Maritime Partners L.P. [NMM] stock prices are up 1.48% to $48.72 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NMM shares have gain 3.15% over the last week, with a monthly amount glided 10.85%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Navios Maritime Partners L.P. [NYSE: NMM] stock has seen the most recent analyst activity on July 21, 2022, when Jefferies initiated its Buy rating and assigned the stock a price target of $40. On January 08, 2021, upgrade upgraded it’s rating to Buy but maintained its price target of $15 on the stock. Jefferies downgraded its rating to a Hold. JP Morgan upgraded its rating to a Overweight. JP Morgan downgraded its rating to Neutral for this stock on January 17, 2018. In a note dated February 04, 2016, Morgan Stanley downgraded an Underweight rating on this stock.
The stock price of Navios Maritime Partners L.P. [NMM] has been fluctuating between $19.23 and $50.24 over the past year. Navios Maritime Partners L.P. [NYSE: NMM] shares were valued at $48.72 at the most recent close of the market.
Analyzing the NMM fundamentals
The Navios Maritime Partners L.P. [NYSE:NMM] reported sales of 1.32B for trailing twelve months, representing a surge of 2.92%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.31%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.15 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.7.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 47.62 points at the first support level, and at 46.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.44, and for the 2nd resistance point, it is at 50.17.
Ratios To Look Out For
It’s worth pointing out that Navios Maritime Partners L.P. [NYSE:NMM]’s Current Ratio is 0.89. On the other hand, the Quick Ratio is 0.89, and the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 1.12, the price to book ratio is 0.53 and price to earnings (TTM) ratio is 3.68.
