How to Buy Navios Maritime Partners Stock
Navios Maritime Partners LP
Navios Maritime Partners is a shipping company located in Monaco, which is part of the Industrials sector, and is traded under the ticker NMM on the NYSE exchange.
Navios Maritime Partners stock last closed at $43.85, up 4.11% from the previous day, and has increased 85.18% in one year. It has overperformed other stocks in the Marine Shipping industry by 0.53 percentage points. Navios Maritime Partners stock is currently +128.03% from its 52-week low of $19.23, and -4.42% from its 52-week high of $45.88.
As of Apr 24, 2024, there are 30.18M NMM shares outstanding. The market value of NMM is $1.32B. In the past 24 hours, 193,291 NMM shares were traded.
How to Buy Navios Maritime Partners Stock
Wondering how to invest in Navios Maritime Partners stock? Here's how.
- Choose where to buy Navios Maritime Partners stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Navios Maritime Partners stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Select your payment method and add your information.
- Analyze Navios Maritime Partners stock: The Navios Maritime Partners ticker symbol is NMM. Is Navios Maritime Partners stock a good investment? Should you buy shares of NMM? How do NMM's underlying business fundamentals look? Do top analysts think Navios Maritime Partners is a good buy? Why has NMM's stock price moved recently? (Hint: Our stock market research website can help you decide if NMM is a good stock to buy).
- Execute your NMM purchase: Decide if you will purchase NMM shares at the current market price or use a limit order to buy NMM stock at a specific price.
- Get the latest news on your NMM investment: Create a watchlist to important updates regarding your new investment in Navios Maritime Partners stock.
Step 1: Choose where to buy Navios Maritime Partners stock
You will need a brokerage account in order to access the NYSE market and buy NMM stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal details so you are able to invest in NMM today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open your new brokerage account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have created your account on the best stock trading app, you can securely and quickly fund your account:
Check out this video walkthrough if you need help transferring money into your new investment account.
Step 4: Analyze Navios Maritime Partners stock
After you have chosen the best place to buy Navios Maritime Partners stock, it's very important to research their stock before you buy, so you can understand the risk and upside.
Navios Maritime Partners quick stats
Fundamentals of NMM
WallStreetZen was created to help part-time investors perform better fundamental analysis quickly.
You can view all of the due diligence checks on NMM's stock page.
What is the fair value of NMM stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge NMM's intrinsic value.
Using relative valuations methods:
- NMM could be undervalued based on its P/E ratio of 3.11x, relative to Marine Shipping industry P/E ratio of 16.19x
- NMM may be undervalued based on its P/B ratio of 0.48x, relative to Marine Shipping industry P/B ratio of 0.97x
You can do additional valuation research on NMM's stock here.
NMM Financial Summary
Passed Health Checks:
- NMM's operating cash flow of $560.32M allows it to safely service it's debt of $2.13B.
Failed Health Checks:
- Total NMM debt is higher than 5 years ago, relative to shareholder equity.
- NMM profit margin has gone down from 46.9% to 32.5% in the past year.
- There are more long-term liabilities than short-term assets on the NMM balance sheet.
- NMM earnings of $567.29M is not enough to cover its interest payments.
- NMM has a relatively high debt to equity ratio of 0.86.
- There are more short-term liabilities than short-term assets on the NMM balance sheet.
You can dive deeper into what analysts are saying on the Navios Maritime Partners stock forecast page.
Metrics for Advanced NMM Traders
Is NMM Making Money?
Last year, NMM earnings were $424.97M. During the past 2 year, NMM's earnings have grown by -20.65% per year. This was slower than the Marine Shipping industry average of 15.35%.
Last year, NMM revenue was $1.31B. In the past five year, NMM's revenue has gone up by 41.38% per year. This was faster than the Marine Shipping industry average of 15.56%.
Dig into NMM's earnings and revenue performance here.
What are NMM executives and large shareholders up to?
Over the last year, insiders at NMM have not bought or sold any shares.
Learn more about who owns NMM shares here.
Does NMM provide a stable income stream?
Navios Maritime Partners pays a dividend of 0.46%, compared to the Marine Shipping industry's average dividend yield of 5.37%. If you owned $1,000 of NMM stock, you would have received $4.56 in the past year.
Navios Maritime Partners dividend payments have not consistently grown over the past decade and have not remained stable.
Find more info about Navios Maritime Partners dividend yield and history here.
What do other investors have to say about NMM?
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Execute your NMM purchase
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a particular price limit, place a limit order.
Hit the Open Trade button and your broker will execute your order.
If you need more info about buying stocks on eToro, click the how to video below:
Step 6: Get the latest news on your NMM investment
Now that you own some NMM stock, you'll want to stay up-to-date on your shares.
Put NMM on a watchlist to monitor your NMM stock.
NMM Feed
How to Buy Stock in Navios Maritime Partners
To summarize, here are the 6 steps for buying Navios Maritime Partners stock:
- Choose where to buy Navios Maritime Partners stock
- Open your brokerage account
- Deposit money your brokerage account
- Analyze Navios Maritime Partners stock
- Execute your NMM purchase
- Get the latest news on your NMM investment
If you need a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get updates on your investment in Navios Maritime Partners, click the button below.
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