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NMM
Stock ticker: NYSE
AS OF
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Price
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Capitalization
738.91M

NMM Navios Maritime Partners LP Forecast, Technical & Fundamental Analysis

an operator of dry-bulk and container vessels

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for NMM with price predictions
07:00 PM EST Nov 27, 2023

NMM in upward trend: 10-day moving average crossed above 50-day moving average on November 24, 2023

The 10-day moving average for NMM crossed bullishly above the 50-day moving average on November 24, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 14, 2023. You may want to consider a long position or call options on NMM as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for NMM just turned positive on November 15, 2023. Looking at past instances where NMM's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

NMM moved above its 50-day moving average on November 17, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NMM advanced for three days, in of 312 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NMM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

NMM broke above its upper Bollinger Band on November 24, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for NMM entered a downward trend on November 22, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating for company is (best 1 - 100 worst), which means the company is slightly undervalued. The valuation of the company is based on a proprietary formula which takes into account a set of fundamentals and gives us an estimate of the price per share for the company. We then compare this estimate with the current price per share. As a result, this company is rated as undervalued in the industry. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.280) is normal, around the industry mean (0.999). P/E Ratio (1.797) is within average values for comparable stocks, (8.673). NMM's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (0.374). Dividend Yield (0.008) settles around the average of (0.153) among similar stocks. P/S Ratio (0.547) is also within normal values, averaging (1.474).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NMM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 65, placing this stock slightly better than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Nordic American Tanker (NYSE:NAT).

Industry description

The marine shipping industry provides passenger transportation or cargo shipping services via waterways. This industry includes freight towage, ferry services and warehousing on deep-sea and inland waterways. The aviation sector may have reduced the popularity of sea travel for several passengers, but it is still in demand for short trips and pleasure cruises. Teekay Offshore Partners L.P. Cum Red Perp Pfd., Kirby Corporation and Seaspan Corporation are some of the well-known names in the business.

Market Cap

The average market capitalization across the Marine Shipping Industry is 4.41B. The market cap for tickers in the group ranges from 1.87K to 40.18B. HPGLY holds the highest valuation in this group at 40.18B. The lowest valued company is PRGNF at 1.87K.

High and low price notable news

The average weekly price growth across all stocks in the Marine Shipping Industry was 3%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was 13%. BSEAF experienced the highest price growth at 66%, while GTMAY experienced the biggest fall at -37%.

Volume

The average weekly volume growth across all stocks in the Marine Shipping Industry was -59%. For the same stocks of the Industry, the average monthly volume growth was -42% and the average quarterly volume growth was -53%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 28
P/E Growth Rating: 54
Price Growth Rating: 53
SMR Rating: 55
Profit Risk Rating: 65
Seasonality Score: 10 (-100 ... +100)
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A.I. Advisor
published Earnings

NMM is expected to report earnings to rise 4.79% to $3.06 per share on February 14

Navios Maritime Partners LP NMM Stock Earnings Reports
Q4'23
Est.
$3.06
Q3'23
Beat
by $0.12
Q2'23
Beat
by $0.30
Q1'23
Beat
by $1.38
Q4'22
Missed
by $2.34
The last earnings report on November 02 showed earnings per share of $2.92, beating the estimate of $2.80. With 92.91K shares outstanding, the current market capitalization sits at 738.91M.
A.I.Advisor
published Dividends

NMM paid dividends on November 13, 2023

Navios Maritime Partners LP NMM Stock Dividends
А dividend of $0.05 per share was paid with a record date of November 13, 2023, and an ex-dividend date of November 06, 2023. Read more...
A.I. Advisor
published General Information

General Information

an operator of dry-bulk and container vessels

Industry MarineShipping

Profile
Fundamentals
Details
Industry
Marine Shipping
Address
7 Avenue de Grande Bretagne
Phone
+377 97982140
Employees
186
Web
https://www.navios-mlp.com
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NMM and

Correlation & Price change

A.I.dvisor indicates that over the last year, NMM has been loosely correlated with GSL. These tickers have moved in lockstep 60% of the time. This A.I.-generated data suggests there is some statistical probability that if NMM jumps, then GSL could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NMM
1D Price
Change %
NMM100%
+1.18%
GSL - NMM
60%
Loosely correlated
-0.67%
GNK - NMM
57%
Loosely correlated
-1.71%
CMRE - NMM
53%
Loosely correlated
-0.83%
SB - NMM
52%
Loosely correlated
-3.23%
SBLK - NMM
50%
Loosely correlated
-0.15%
More

Groups containing NMM

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NMM
1D Price
Change %
NMM100%
+1.18%
dry-bulk
(undefined stocks)
77%
Closely correlated
-0.40%
marine
(undefined stocks)
66%
Loosely correlated
-1.06%
container
(undefined stocks)
49%
Loosely correlated
-0.61%
europe
(undefined stocks)
44%
Loosely correlated
+0.14%
Transportation
(undefined stocks)
22%
Poorly correlated
+0.03%
More