Navios Maritime Holdings Inc. (NYSE:NM) price closed lower on Tuesday, September 14, dropping -10.11% below its previous close.
A look at the daily price movement shows that the last close reads $5.24, with intraday deals fluctuated between $4.66 and $5.26. The company’s 5Y monthly beta was ticking 2.01. Taking into account the 52-week price action we note that the stock hit a 52-week high of $15.42 and 52-week low of $1.45. The stock added 31.56% on its value in the past month.
Navios Maritime Holdings Inc., which has a market valuation of $74.89 million, is expected to release its quarterly earnings report Nov 22, 2021 – Nov 26, 2021. Analysts tracking NM have forecast the quarterly EPS to grow by 1.3 per share this quarter, while the same analysts predict the annual EPS to hit $4.87 for the year 2021 and up to $2.98 for 2022. In this case, analysts estimate an annual EPS growth of 186.50% for the year and -38.80% for the next year.
Staying with the analyst view, there is a consensus estimate of $380.78 million for the company’s annual revenue in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give NM a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned NM a recommendation rating as follows: 0 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Navios Maritime Holdings Inc. (NM) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that NM’s price is at present -2.73% off the SMA20 and -7.31% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 45.11, with weekly volatility standing at 8.97%. The indicator jumps to 14.25% when calculated based on the past 30 days. Navios Maritime Holdings Inc. (NYSE:NM)’s beta value is holding at 2.04, while the average true range (ATR) indicator is currently reading 0.59. Considering analysts have assigned the stock a price target range of $18.00-$18.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $18.00. Based on this estimate, we see that current price is roughly -282.17% off the estimated low and -282.17% off the forecast high. Investors will no doubt be excited to see the share price fall to $18.00, which is the median consensus price, and at that level NM would be -282.17% from current price.
An analysis of the Navios Maritime Holdings Inc. (NYSE:NM) stock in terms of its daily trading volume indicates that the 3-month average is 522.46K.
Current records show that the company has 13.13M in outstanding shares. The insiders’ percentage holdings are 23.20% of outstanding shares while the percentage share held by institutions stands at 9.60%. But the 109.33% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.