Navios Maritime Acquisition Corporation (NYSE:NNA) price on Friday, August 27, rose 43.33% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.01.
A look at the stock’s price movement, the level at last check in today’s session was $2.10, moving within a range at $2.10 and $2.17. The beta value (5-Year monthly) was 1.97 while the PE ratio in trailing twelve months stood at 0.80. Turning to its 52-week performance, $5.71 and $1.81 were the 52-week high and 52-week low respectively. Overall, NNA moved -15.32% over the past month.
Navios Maritime Acquisition Corporation’s market cap currently stands at around $35.95 million, with investors looking forward to this quarter’s earnings report slated for Aug 26, 2021 – Aug 30, 2021. The company has a Forward Dividend ratio of 0.20, with its dividend yield at 9.52%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be -$0.84, which has seen fiscal year 2021 EPS growth forecast to increase to $1.76 and about $8.64 for fiscal year 2022. Per the data, EPS growth is expected to be -7.90% for 2021 and 390.90% for the next financial year.
Analysts have a consensus estimate of $72 million for the company’s revenue for the quarter, with a low and high estimate of $72 million and $72 million respectively.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that NNA is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend NNA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NNA’s current price about 40.39% and 12.68% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 69.53, while 7-day volatility ratio is 6.13% and 5.87% in the 30-day chart. Further, Navios Maritime Acquisition Corporation (NNA) has a beta value of 1.99, and an average true range (ATR) of 0.13. Analysts have given the company’s stock an average 52-week price target of $7.00, forecast between a low of $7.00 and high of $7.00. Looking at the price targets, the low is -132.56% off recent price level in today’s trading while to achieve the yearly target high, it has to move -132.56%. Nonetheless, investors will most likely welcome a -132.56% jump to $7.00 which is the analysts’ median price.
In the market, a comparison of Navios Maritime Acquisition Corporation (NNA) and its peers suggest the former has performed considerably stronger. Data shows NNA’s intraday price has changed 43.33% today and -60.75% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.72% and 0.61% respectively on the day as seen in early trades.
If we refocus on Navios Maritime Acquisition Corporation (NYSE:NNA), historical trading data shows that trading volumes averaged 194.62K over the past 3 months. The company’s latest data on shares outstanding shows there are 16.44 million shares.
The 71.20% of Navios Maritime Acquisition Corporation’s shares are in the hands of company insiders while institutional holders own 6.70% of the company’s shares. Current price change has pushed the stock -32.04% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NNA stock continues to rise going into the next quarter.