Stock To Watch: Martin Midstream Partners L.P. (NASDAQ:MMLP)


The leading market experts have placed a mean price target of $22.14 on Martin Midstream Partners L.P. (NASDAQ:MMLP) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.32 a share for the upcoming quarter and $0.54 for the current fiscal.

Technical View

The technical analysis of Martin Midstream Partners L.P. plainly substantiates that the 50-day moving average of Martin Midstream Partners L.P. is $22.58, and stock is trading $-1.67 points away or -7.40% from its 50-day moving average of $22.58. Further it is trading $0.22 or +1.05% away its 200-day moving average of $20.69. Martin Midstream Partners L.P. (NASDAQ:MMLP) 52-week high is $29.90 and the 52-week low is $13.27.

This explains if the stock moves $-8.99, it will post a 52-week high. In event of +57.57% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Martin Midstream Partners L.P., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Martin Midstream Partners L.P. (NASDAQ:MMLP) ratio came in at 84.66.

The stock last ended the trading session at $20.91 and registered a market cap of $741.34M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Martin Midstream Partners L.P. (NASDAQ:MMLP) PEG ratio is at 21.80.

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