A share price of Navios Maritime Partners L.P [NMM] is currently trading at $40.78, up 0.44%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NMM shares have gain 5.40% over the last week, with a monthly amount glided 1.37%, and seem to be holding up well over a long-time horizon.
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.
Navios Maritime Partners L.P experienced fluctuations in its stock price throughout the past year between $28.37 and $65.89. 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 $40.78 at the most recent close of the market. An investor can expect a potential return of 96.17% based on the average NMM price forecast.
Analyzing the NMM fundamentals
Trailing Twelve Months sales for Navios Maritime Partners L.P [NYSE:NMM] were 1.32B which represents -4.53% decline. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.28%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.12 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.69.
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 40.39 points at the first support level, and at 39.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.29, and for the 2nd resistance point, it is at 41.80.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Navios Maritime Partners L.P [NYSE:NMM] is 1.01. In addition, the Quick Ratio stands at 1.01 and the Cash Ratio stands at 0.73. Considering the valuation of this stock, the price to sales ratio is 0.90, the price to book ratio is 0.39 and price to earnings (TTM) ratio is 3.71.
