Navios Maritime Partners L.P. (NYSE: NMM) is 102.50% higher on its value in year-to-date trading and has touched a low of $4.58 and a high of $29.89 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NMM stock was last observed hovering at around $23.52 in the last trading session, with the day’s loss setting it -0.84% off its average median price target of $28.00 for the next 12 months. It is also 29.13% off the consensus price target high of $32.00 offered by 3 analysts, but current levels are -51.2% lower than the price target low of $15.00 for the same period.
Currently trading at $22.68, the stock is -3.27% and 17.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.1 million and changing -3.57% at the moment leaves the stock 112.53% off its SMA200. NMM registered 381.53% gain for a year compared to 6-month gain of 281.18%. The firm has a 50-day simple moving average (SMA 50) of $21.29 and a 200-day simple moving average (SMA200) of $12.17.
The stock witnessed a 26.00% loss in the last 1 month and extending the period to 3 months gives it a 102.50%, and is -13.44% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.84% over the week and 9.85% over the month.
Navios Maritime Partners L.P. (NMM) has around 186 employees, a market worth around $263.09M and $226.80M in sales. Fwd P/E is 2.89. Profit margin for the company is -30.20%. Distance from 52-week low is 395.20% and -24.12% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.00%).
Navios Maritime Partners L.P. (NMM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Navios Maritime Partners L.P. (NMM) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 1.70, where 1 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Navios Maritime Partners L.P. is expected to release its quarterly report on 08/04/2021 and quarterly earnings per share for the current quarter are estimated at $1.7 with sales reaching $67.55M over the same period.The EPS is expected to shrink by -9.10% this year, but quarterly earnings will post 92.70% year-over-year. Quarterly sales are estimated to grow 45.30% in year-over-year returns.
Navios Maritime Partners L.P. (NMM) Top Institutional Holders
36 institutions hold shares in Navios Maritime Partners L.P. (NMM), with 2.47M shares held by insiders accounting for 21.31% while institutional investors hold 10.20% of the company’s shares. The shares outstanding are 11.43M, and float is at 8.69M with Short Float at 12.63%. Institutions hold 8.03% of the Float.
The top institutional shareholder in the company is Morgan Stanley with over 0.24 million shares valued at $2.72 million. The investor’s holdings represent 2.11% of the NMM Shares outstanding. As of Dec 30, 2020, the second largest holder is Globeflex Capital L P with 0.13 million shares valued at $1.46 million to account for 1.14% of the shares outstanding. The other top investors are Susquehanna International Group, LLP which holds 0.13 million shares representing 1.12% and valued at over $1.44 million, while Two Sigma Investments, LP holds 0.53% of the shares totaling 60881.0 with a market value of $0.68 million.