Navios Maritime Partners L.P. (NYSE: NMM) is 99.14% higher on its value in year-to-date trading and has touched a low of $20.92 and a high of $55.09 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 $53.10 in the last trading session, with the day’s gains setting it 2.58%.
Currently trading at $55.68, the stock is 9.04% and 12.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.74 million and changing 4.86% at the moment leaves the stock 36.64% off its SMA200. NMM registered 156.47% gain for a year compared to 6-month gain of 31.01%.
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The stock witnessed a 22.45% loss in the last 1 month and extending the period to 3 months gives it a 9.69%, and is 10.24% up 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 4.75% over the week and 3.46% over the month.
Current P/E ratio is 4.32 and Fwd P/E is 2.71. Profit margin for the company is 29.97%. Distance from 52-week low is 166.16% and 1.07% from its 52-week high. The company has generated returns on investments over the last 12 months (8.01%).
The EPS is expected to grow by 18.88% this year
The shares outstanding are 30.18M, and float is at 17.96M with Short Float at 1.04%.
The top institutional shareholder in the company is PINNACLE HOLDINGS, LLC with over 65554.0 shares valued at $3.35 million. The investor’s holdings represent 0.2172 of the NMM Shares outstanding.
