Navios Maritime Holdings Inc. (NYSE:NM) is a stock to watch today. At current price of $3.92, the shares have already added 0.32 points (9.01% higher) from its previous close of $3.6. The stock sets an active trading volume day with a reported 156909 contracts so far this session. NM shares had a relatively better volume day versus average trading capacity of 319.85 thousand shares, but with a 9.02 million float and a 6.82% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for NM stock indicates that the average analyst price target is $5 per share. This means the stock has a potential increase of 27.55% from where the NM share price has been trading recently which is between $3.5513 and $4.39.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Navios (NM) Moves to Buy: Rationale Behind the Upgrade” and dated May 17, 2019.
During the recent trading session for Navios Maritime Holdings Inc. (NYSE:NM), the company witnessed their stock rise $0.52 over a week and tumble down $-0.47 from the price 20 days ago. When compared to their established 52-week high of $9.5, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 06/18/18. The recent low of $1.69 stood for a -58.69% since 03/07/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.58 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Navios Maritime Holdings Inc., the two-week RSI stands at 52.34. This figure suggests that NM stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current NM readings is similarly very revealing as it has a stochastic reading of 38.76% at this stage. This figure means that NM share price today is being neutral.
Technical chart claims that Navios Maritime Holdings Inc. (NM) would settle between $4.14/share to $4.69/share level. However, if the stock price goes below the $3.3 mark, then the market for Navios Maritime Holdings Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $3.01 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.31. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Citigroup lowered their recommendation on shares of NM from Neutral to Sell in their opinion released on April 27. JP Morgan analysts have lowered their rating of Navios Maritime Holdings Inc. (NYSE:NM) stock from Overweight to Neutral in a separate flash note issued to investors on January 26. Analysts at Stifel lowered the stock to a Sell call from its previous Hold recommendation, in a research note that dated back to January 07.
NM equity has an average rating of 2.5, with the figure leaning towards a bullish end. 2 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 2 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 1 analysts rated Navios Maritime Holdings Inc. (NYSE:NM) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, NM stock price is currently trading at 0.78X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.08 while for the average stock in the same group, the multiple is 0.46.
Navios Maritime Holdings Inc. (NM)’s current-quarter revenues are projected to climb by nearly 28.82% to hit $150570, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 23.92% from $517740 to a noteworthy $641570. At the other end of the current quarter income statement, Navios Maritime Holdings Inc. is expected to see its adjusted earnings surge by roughly 8% to hit $-2.76 per share. For the fiscal year, NM’s earnings are projected to climb by roughly -37.61% to hit $-9.33 per share.