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


The leading market experts have placed a mean price target of $23.14 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 $0.07 a share for the upcoming quarter and $0.94 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 $22.38, and stock is hovering 1.08 or +4.82% distant from $22.38. It is noted that the 200-day MA is $19.87, and Martin Midstream Partners L.P. stock is $3.59 or +18.09% off from this point. Martin Midstream Partners L.P. (NASDAQ:MMLP) 52-week high is $33.00 and the 52-week low is $13.27. This explains if the stock moves $-9.54, it will post a 52-week high. In event of $+76.79% points 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 40.73. The stock last ended the trading session at $23.46 and registered a market cap of $831.75M. 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 13.90.

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