Martin Midstream Partners L.P. (NASDAQ:MMLP) PEG Ratio At 20.53

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Market experts has given a mean price target of $22.89 to Martin Midstream Partners L.P. (NASDAQ:MMLP) stock. The target price is the mean of all calls released by analysts in First Call poll. They have EPS estimate of $0.33 for the near-term quarter and $0.56 for this year.

Technical View

The technical assessment of Martin Midstream Partners L.P. pinpoints that the 50-day moving average of Martin Midstream Partners L.P. (NASDAQ:MMLP) stock is $20.34, and is trading $0.35 points away or +1.72% from 50-day moving average of $20.34. It is trading $-0.80 or -3.72% off 200-day MA of $21.49.

The 52-week high of Martin Midstream Partners L.P. (NASDAQ:MMLP) was $29.90 while $13.27 is the low point in the same period. Martin Midstream Partners L.P. share price has to rise more than $-9.21 to register a high for 52-weeks or drop +55.92% to make 52-week low. MA should be referred to as moving average.

Without understanding when a stock is over-valued, or too richly priced, a shareholder may miss out on a chance to cash-in on a profit and investment. Worse, a shareholder might close up their position when a price has no direction.

P/E ratio

Martin Midstream Partners L.P. (NASDAQ:MMLP) P/E ratio is 83.77 while PEG ratio is at 20.53. By overlooking a firm’s price-to-earnings ratio, a shareholder could miss out to discover the true value of stocks and end up investing in the wrong stocks. A P/E ratio is a computation of how much investors are wanting to pay for a purchasing an equity relative to the firm’s earnings. It is valuable when comparing the equity price of one firm to another trading in the same industry. The P/E ratio is discovered by dividing market value of stock by average earnings per share in a specified period of time, for instance, the past year.

Martin Midstream Partners L.P. stock recorded a close of $20.69 in last trading session, which brings it market cap to $733.54M.

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