With 97618.0 shares changed hands, the volume of the stock remained lighter than its average volume of 0.18 million shares. During the session, the Marine Shipping company that operates in wider Industrials sector, reached to the highest price of $45.6499 whereas the lowest price it dropped to was $44.69. The 52-week range on NMM shows that it touched its highest point at $65.89 and its lowest point at $27.47 during that stretch. It currently has a 1-year price target of $73.50. With its current market cap of 1.34 billion, NMM has annualized dividend of $0.20 while the current yield stands at 0.44%. Beta for the stock currently stands at 1.95.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NMM was up-trending over the past week, with a rise of 4.11%, but this was down by -7.68% over a month. Three-month performance dropped to -27.89% while six-month performance fell -11.96%. The stock gained 54.61% in the past year, while it has gained 4.11% so far this year. A look at the trailing 12-month EPS for NMM yields 13.17 with Next year EPS estimates of 12.87. For the next quarter, that number is 2.48. This implies an EPS growth rate of -8.51% for this year and 12.95% for next year.
Float and Shares Shorts:
At present, 29.89 million NMM shares are outstanding with a float of 17.58 million shares on hand for trading. On 2024-12-13, short shares totaled 0.35 million, which was 115.99999999999999 higher than short shares on 1731628800. In addition to Ms. Angeliki N. Frangou as the firm’s Chairwoman & CEO, Mr. Shunji Sasada serves as its President & Director.
Institutional Ownership:
Through their ownership of 0.35201 of NMM’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, NMM reported revenue of $340835000.0 and operating income of $120040000.0. The EBITDA in the recently reported quarter was $186606000.0 and diluted EPS was $3.2.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With NMM analysts setting a high price target of 80.0 and a low target of 72.0, the average target price over the next 12 months is 76.0. Based on these targets, NMM could surge 77.5% to reach the target high and rise by 59.75% to reach the target low. Reaching the average price target will result in a growth of 68.63% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $12.02889 being high and $10.75111 being low. For NMM, this leads to a yearly average estimate of $11.39. Based on analyst estimates, the high estimate for the next quarter is $2.84 and the low estimate is $2.84. The average estimate for the next quarter is thus $2.84.
