At the time of writing, Navios Maritime Partners L.P. [NMM] stock is trading at $61.23, up 7.23%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NMM shares have gain 7.89% over the last week, with a monthly amount glided 18.52%, 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.
For the past year, the stock price of Navios Maritime Partners L.P. fluctuated between $21.18 and $58.22. Currently, Wall Street analysts expect the stock to reach $80 within the next 12 months. Navios Maritime Partners L.P. [NYSE: NMM] shares were valued at $61.23 at the most recent close of the market. An investor can expect a potential return of 30.65% based on the average NMM price forecast.
Analyzing the NMM fundamentals
According to Navios Maritime Partners L.P. [NYSE:NMM], the company’s sales were 1.31B for trailing twelve months, which represents an -1.38% plunge. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.3%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.14 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.79.
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 58.63 points at the first support level, and at 56.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.66, and for the 2nd resistance point, it is at 64.10.
Ratios To Look Out For
It is important to note that Navios Maritime Partners L.P. [NYSE:NMM] has a current ratio of 0.69. As well, the Quick Ratio is 0.69, while the Cash Ratio is 2.64. Considering the valuation of this stock, the price to sales ratio is 1.41, the price to book ratio is 0.64 and price to earnings (TTM) ratio is 4.75.
