Navios Maritime Partners L.P (NYSE: NMM) is -24.74% lower on its value in year-to-date trading and has touched a low of $28.37 and a high of $65.89 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NMM stock was last observed hovering at around $32.55 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $32.58, the stock is -8.13% and -17.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing 0.09% at the moment leaves the stock -31.73% off its SMA200. NMM registered -22.91% loss for a year compared to 6-month loss of -44.42%. The firm has a 50-day simple moving average (SMA 50) of $39.2618 and a 200-day simple moving average (SMA200) of $47.72495.
The stock witnessed a -18.71% gain in the last 1 month and extending the period to 3 months gives it a -25.19%, and is 5.10% 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 3.73% over the week and 5.40% over the month.
Current P/E ratio is 2.72 and Fwd P/E is 2.70. Profit margin for the company is 26.98%. Distance from 52-week low is 14.84% and -50.55% from its 52-week high. The company has generated returns on investments over the last 12 months (7.01%).
The EPS is expected to shrink by -10.05% this year
88.0 institutions hold shares in Navios Maritime Partners L.P (NMM), with institutional investors hold 46.14% of the company’s shares. The shares outstanding are 29.69M, and float is at 15.98M with Short Float at 1.93%. Institutions hold 32.51% of the Float.
The top institutional shareholder in the company is PILGRIM GLOBAL ADVISORS LLC with over 4.86 million shares valued at $248.16 million. The investor’s holdings represent 16.111 of the NMM Shares outstanding. As of 2024-06-30, the second largest holder is MAIN STREET FINANCIAL SOLUTIONS, LLC with 0.75 million shares valued at $38.32 million to account for 2.4875 of the shares outstanding. The other top investors are PALE FIRE CAPITAL SE which holds 0.69 million shares representing 2.2845 and valued at over $35.19 million, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 1.7423 of the shares totaling 0.53 million with a market value of $26.84 million.
