NMM Stock Summary and Trading Ideas (Navios Maritime Partners LP Common Units Representing Limited Partner Interests | NYSE:NMM)

Navios Maritime Partners LP is a seaborne shipping company. It owns and operates dry cargo and container vessels with the primary long-term and staggered expiration charters. The firm's fleet consists of Ultra- Handymax, Panamax, Capsize, and Container vessels and categorized in Drybulk and Container vessels. It earns revenue through chartering of vessels, voyage contracts. Geographically, it generates majority revenue from Asia.

Navios Maritime Partners LP Common Units Representing Limited Partner Interests trades on the NYSE stock market under the symbol NMM.

As of February 7, 2025, NMM stock price declined to $42.85 with 34,124 million shares trading.

NMM has a beta of 0.99, meaning it tends to be less sensitive to market movements. NMM has a correlation of 0.08 to the broad based SPY ETF.

NMM has a market cap of $1.28 billion. This is considered a Small Cap stock.

Last quarter Navios Maritime Partners LP Common Units Representing Limited Partner Interests reported $341 million in Revenue and $3.15 earnings per share. This beat revenue expectation by $3 million and missed earnings estimates by -$.84.

In the last 3 years, NMM traded as high as $65.89 and as low as $19.23.

The top ETF exchange traded funds that NMM belongs to (by Net Assets): LENS, SHPP.

NMM has outperformed the market in the last year with a price return of +53.3% while the SPY ETF gained +23.0%. However, in the short term, NMM had mixed performance relative to the market. It has underperformed in the last 3 months, returning -19.8% vs +2.0% return in SPY. But in the last 2 weeks, NMM shares have fared better than the market returning +2.1% compared to SPY -1.5%.

NMM support price is $42.66 and resistance is $44.44 (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 NMM shares will trade within this expected range on the day.