MMLP Stock Summary and Trading Ideas (Martin Midstream Partners LP - Common Units Representing Limited Partnership Interests | NASDAQ:MMLP)

Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region. The company's business lines include terminalling, processing, storage, and packaging services for petroleum products and by-products including the refining of naphthenic crude oil; land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and natural gas liquids marketing, distribution and transportation services. Company operates in four segment Terminalling and storage, Transportation, Sulfur service and Specialty products segment. Majority of the revenue derived from Specialty products segment.

Martin Midstream Partners LP - Common Units Representing Limited Partnership Interests trades on the NASDAQ stock market under the symbol MMLP.

As of April 23, 2024, MMLP stock price declined to $2.60 with 28,282 million shares trading.

MMLP has a beta of 0.40, meaning it tends to be less sensitive to market movements. MMLP has a correlation of 0.01 to the broad based SPY ETF.

MMLP has a market cap of $101.40 million. This is considered a Micro Cap stock.

Last quarter Martin Midstream Partners LP - Common Units Representing Limited Partnership Interests reported $181 million in Revenue and $.08 earnings per share. This fell short of revenue expectation by $-18 million and exceeded earnings estimates by $.01.

In the last 3 years, MMLP stock traded as high as $5.98 and as low as $1.95.

The top ETF exchange traded funds that MMLP belongs to (by Net Assets): MLPA.

MMLP stock has underperformed the market in the last year with a return of +4.8%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MMLP shares. However, MMLP has outperformed the market in the last 3 month and 2 week periods, returning +10.9% and +0.4%, while SPY returned +4.9% and -2.5%, respectively. This indicates MMLP has been having a stronger performance recently.

MMLP support price is $2.64 and resistance is $2.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MMLP stock will trade within this expected range on the day.