Martin Midstream Partners LP [MMLP] stock prices are down -2.73% to $3.56 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MMLP shares have gain 9.54% over the last week, with a monthly amount drifted -11.00%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Martin Midstream Partners LP [NASDAQ: MMLP] stock has seen the most recent analyst activity on January 07, 2020, when Wells Fargo downgraded its rating to a Underweight but kept the price target unchanged to $4 for it. On April 28, 2017, downgrade downgraded it’s rating to Hold but maintained its price target of $20 on the stock. Stifel reiterated its Buy rating and decreased its price target to $20 on March 28, 2017. Stifel upgraded its rating to a Buy but $19 remained the price target by the analyst firm on December 06, 2016. FBR & Co. reiterated a Outperform rating for this stock on October 28, 2016, and downed its price target to $24. In a note dated September 09, 2016, FBR Capital initiated an Outperform rating and provided a target price of $27 on this stock.
The stock price of Martin Midstream Partners LP [MMLP] has been fluctuating between $2.04 and $4.13 over the past year. Martin Midstream Partners LP [NASDAQ: MMLP] shares were valued at $3.56 at the most recent close of the market.
Analyzing the MMLP fundamentals
The Martin Midstream Partners LP [NASDAQ:MMLP] reported sales of 717.40M for trailing twelve months, representing a drop of -3.26%. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is -0.07 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-8.66.
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 3.51 points at the first support level, and at 3.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.65, and for the 2nd resistance point, it is at 3.73.
Ratios To Look Out For
It’s worth pointing out that Martin Midstream Partners LP [NASDAQ:MMLP]’s Current Ratio is 1.57. Further, the Quick Ratio stands at 1.11, while the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 0.19 and price to earnings (TTM) ratio is 33.36.
Transactions by insiders
Recent insider trading involved BOOTH CHRIS H, VP/General Counsel/Secretary, that happened on Nov 18 ’24 when 0.0 shares were purchased. Executive Vice President/COO, TAUSCHER RANDALL completed a deal on Nov 18 ’24 to buy 17.0 shares. Meanwhile, Executive Vice President / CFO Taylor Sharon L bought 19.0 shares on Nov 18 ’24.
