Why Navios Maritime Acquisition Corporation (NYSE:NNA) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $3.04 on Navios Maritime Acquisition Corporation (NYSE:NNA) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.47 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Navios Maritime Acquisition Corporation (NYSE:NNA) stands at 2.62.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Navios Maritime Acquisition Cor, the PEG ratio for coming 3-5 years is 0.22.

Technical Analysis

The technical analysis highlights that Navios Maritime Acquisition Cor current is trading $-0.02 points away or -1.25% from its 50-day moving average of $1.55. Further it is trading $-0.21 or -12.19% away its 200-day moving average of $1.74.

The 52-week high of Navios Maritime Acquisition Corporation (NYSE:NNA) was $4.06 while lowest point recorded in 52-week was $1.41. It implies if stock price makes a movement of over $-2.53, it will record a new 52-week high. In the case of +8.51% drop, it will touch a new 52-week low.

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