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 May 15, 2024, NMM stock price declined to $44.89 with 102,012 million shares trading.

NMM has a beta of 0.47, meaning it tends to be less sensitive to market movements. NMM has a correlation of 0.02 to the broad based SPY ETF.

NMM has a market cap of $1.36 billion. This is considered a Small Cap stock.

Last quarter Navios Maritime Partners LP Common Units Representing Limited Partner Interests reported $319 million in Revenue and $2.32 earnings per share. This beat revenue expectation by $15 million and exceeded earnings estimates by $.32.

In the last 3 years, NMM stock traded as high as $48.88 and as low as $19.23.

NMM has outperformed the market in the last year with a return of +94.4%, while the SPY ETF gained +29.9%. In the last 3 month period, NMM beat the market returning +43.9%, while SPY returned +5.8%. However, in the most recent 2 weeks NMM has underperformed the stock market by returning +5.6%, while SPY returned +5.9%.

NMM support price is $44.49 and resistance is $46.45 (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 stock will trade within this expected range on the day.