On Jan. 06, Mangrove Partners Master Fund, Ltd. divested U.S. $146,843 in shares of Navios Maritime Containers L.P.. The 10% sold 37,573 shares at a price per share of $3.91. The transaction decreased this specific insider’s holdings to 3,227,268 shares worth around $13.55 million at present.
Is Navios Maritime Containers L.P. [NASDAQ:NMCI] a Good Buy Right Now?
It should be noted that NMCI technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Navios Maritime Containers L.P.’s Trend Spotter indicated that the signals were Weakening. The stock current average is 0.3 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.29 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.27 million shares.
NMCI Price Performance
On Wall Street, Navios Maritime Containers L.P. [NASDAQ:NMCI] finished Thursday’s session up 6.74% at $4.20. The stock went up to $4.21 at the same session while its lowest single day price was $4.00. In the last five days, it saw a rise of about 11.11%, Navios Maritime Containers L.P. shares gained by almost 2.44% since the beginning of the year. However, the share price has dropped to as low as -6.46% below its one year high. On 01/04/21, the company shares recorded $4.49, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/06/21, the same year at $3.80. The company’s shares have inclined by 127.03% in the past year. The 50-day SMA achieved is $2.81 while the 200-day SMA is $1.34. Volume dropped to 0.3 million from 0.42 million in the previous session.
Navios Maritime Containers L.P. [NMCI] Valuation Measures
Notably, Navios Maritime Containers L.P. [NMCI] stock cannot be classified as a good candidate in the listing of underestimated low-priced Marine Shipping companies to purchase soonest possible with the prevailing 12-month PE ratio of 30.66. The measure means the stock is exchanging at a premium as compared to the 18.13x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 0.93 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 0.92 which means NMCI serve an unattractive investment opportunity compared to its competitors.
NMCI Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 4.06 level, and in case of violation of this particular level, it will cause more drop to 3.93 level. On the upper level, 4.35 is still the key resistance. The stock may increase to the subsequent resistance at 4.27. The Relative Strength Index (RSI) pinned on the 14-day chart is 72.04, implying a overbought technical stance while the MACD stands at 0.32, meaning price will decrease in the next trading period. Percent R indicator moved to 23.58%, implying bullish price movement. Stochastic %K at 66.94% suggest holding the stock.
What is the short interest in Navios Maritime Containers L.P.?
Short interest in the Navios Maritime Containers L.P. stock has plunged, decreasing by 16550.0 shares to total 35900.0 shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 19350.0, data from Yahoo Finance shows. The increase of 46.1% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 0.23% of the overall float for the stock.
Navios Maritime Containers L.P.’s Biggest Shareholders: Who Owns Navios Maritime Containers L.P. [NMCI]?
Filings by Mangrove Partners showed that the firm now holds a total of 3,307,750 shares or roughly 10.20% of the outstanding NMCI shares. This means their shares have reduced by 0 from the 3,307,750 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, 683 Capital Management LLC updated stake is worth $5,967,450. Details in the latest 13F filings reveal that First Fondene AS disposed off their -10.12% stake valued at $2,582,651 while Davenport & Co. LLC added theirs at $208,260. During the last quarter, First Fondene AS liquidated -108,906 of its shares in Navios Maritime Containers L.P. while Davenport & Co. LLC bought 12,000 shares. The Morgan Stanley Smith Barney LLC’s holdings currently number 71,156 shares at $298855.2. According to the firm’s last 13F report, Renaissance Technologies LLC shares in the company at filing stood at 43,400 shares, roughly $115,878.
What are analyst thoughts on Navios Maritime Containers L.P.?
Looking forward to the Navios Maritime Containers L.P. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Navios Maritime Containers L.P. stock at $5.00 within the next 12 months, which represents almost 16.0 per cent growth from its previous closing price of $4.20. The highest analysts’ target for Navios Maritime Containers L.P. stock projections is $5.00 and the lowest one is $5.00. Still, 1 analysts sharing their consensus rating for NMCI stock in 2021 agree that it is a Buy.