On 3/7/24, Navios Maritime Partners LP (NYSE: NMM) stock enjoyed a major increase of 12.4%, closing at $40.89. Moreover, exceptionally high trading volume at 596% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 19.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NMM is expected to continue to be a Value Builder.
Navios Maritime Partners has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Navios Maritime Partners has a very high Power Rating of 93 and a very high Appreciation Score of 98, resulting in the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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