Analyst Revises Martin Midstream Partners L.P. (NASDAQ:MMLP) Stock Target To $22.6700


Martin Midstream Partners L.P. (NASDAQ:MMLP) mean price target is $22.6700. Thomson Reuters averaged all the calls of analysts polled in First Call census. The EPS projection is $0.3300 for approaching quarter and for ongoing fiscal at $0.5600. The market cap of Martin Midstream Partners L.P. was recorded at $738.91M after the stock closed at $20.6400 in last trading day.

What The Valuation Says?

Martin Midstream Partners L.P. (NASDAQ:MMLP) has a P/E ratio of 84.3777. Investors can weigh how the equity is performing by fuguring Price-to-Earnings Growth ratio.

Martin Midstream Partners L.P. (NASDAQ:MMLP) PEG ratio sits at 19.9500.

Technical Perspective

Technical assessment is used to attempt to estimate the price movement of almost any tradable asset that is usually subject to forces of demand and supply, including stocks, futures, currency pairs and bonds. In fact, technical study can be viewed as the analysis of demand and supply forces as seen in the price movements of a stock. It is most frequently applied to price changes, however, some experts may additionally follow numbers in addition to price, such as open interest figures or trading volume.

Over the years, many technical indicators have been advanced by analysts in efforts to accurately estimate future price movements. There are indicators that focuses primarily on recognising the existing market trend, including resistance and support areas, while others focuses on defining the strength of a movement and the probability of its continuation. Frequently used technical indicators are moving averages, momentum indicators and trendlines.

The technical analysis of Martin Midstream Partners L.P. clarifies that the 50-day MA of Martin Midstream Partners L.P. is $20.1557, and stock is trading $0.6856 points away or +3.4015% from 50-day MA of $20.1557. It is trading $-0.7553 or -3.4973% away 200-day MA of $21.5966. Martin Midstream Partners L.P. (NASDAQ:MMLP) 52-week high is $29.9000 and the 52-week low is $13.2700. If the stock gains $-9.0587 points, it will top 52-week high. Yet, if it declines +57.0558%, it will breach 52-week low.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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