Why Navios Maritime Holdings Inc. (NYSE:NM) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $0.490 on Navios Maritime Holdings Inc. (NYSE:NM) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $-0.940 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 Holdings Inc. (NYSE:NM) stands at N/A.

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 Holdings Inc. C, the PEG ratio for coming 3-5 years is -0.070.

Technical Analysis

The technical analysis highlights that Navios Maritime Holdings Inc. C current is trading $-0.014 points away or -1.323% from its 50-day moving average of $1.029. Further it is trading $-0.044 or -4.130% away its 200-day moving average of $1.059.

The 52-week high of Navios Maritime Holdings Inc. (NYSE:NM) was $3.260 while lowest point recorded in 52-week was $0.570. It implies if stock price makes a movement of over $-2.245, it will record a new 52-week high. In the case of +78.070% drop, it will touch a new 52-week low.

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