Wall Street Stock Recommendations: Navios Maritime Partners L.P. (NMM), Ceragon Networks Ltd. (CRNT)

Navios Maritime Partners L.P. (NYSE:NMM) was less active in the last trading session as around 0.89 million shares exchanged hands on Wall Street, representing a decrease from its normal capacity of 1.1 million shares. A 4.04% change after the initial price of $2, sent the closing price to $2.06.

Navios Maritime Partners L.P. (NMM) Analyst Opinion

Navios Maritime Partners L.P. has a consensus outperform rating from 8 Wall Street analysts, and the number of shares currently sold short amount to at least 0.82% of shares outstanding. The stock sank -0.48% last month and is down -12.71 this year. Wall Street is only getting more bullish on the stock, with 3 of analysts who cover NMM having a buy-equivalent rating. Analysts have placed a $2.61 price target on Navios Maritime Partners L.P., suggesting a 26.7% gain from recent close. It’s currently trading about -22.41% below its 52-week high.

Navios Maritime Partners L.P. Earnings Surprise

Navios Maritime Partners L.P. (NMM) surprised the stock market in its last reported earnings when it earned $0.07 a piece versus the consensus-estimated $0.03. Its revenue totaled $57.93 million down -3.37% from the previous quarter.

Navios Maritime Partners L.P. (NYSE:NMM) Intraday View

This stock (NMM) is ahead of its 52-week low with 42.07%. Its last month’s stock price volatility remained 3.98% which for the week stands at 4.54%. The share price has moved forward from its 20 days moving average, trading at a distance of 2.69% and stays -5.69% away from its 50 days moving average. Over the last five days, shares have managed 4.57% gains and now is up 4.15% since hitting its 200-day moving average of $2.12. Navios Maritime Partners L.P. (NMM) has made its way to a 12-month gain of 11.35%.

Turning to Ceragon Networks Ltd. (NASDAQ:CRNT), its shares were trading at $2.85 a gain of $0.1, on the trading floor. The stock, after opening at $2.78, touched a high of $2.86 before paring much of its gains. So far, analysts are sticking with their bearish recommendations with the consensus call at 3. Ceragon Networks Ltd. has 0 buy ratings, 2 holds and 0 sells even after the stock tumbled -22.55% from its high of $3.68 to a $211.58 million market value through last close.

Ceragon Networks Ltd. (NASDAQ:CRNT) Intraday Trading

The counter witnessed a trading volume of 0.45 million shares versus an average volume of 0.65 million shares during last trading session. Its last month’s stock price volatility remained 6.78% which for the week approaches 7.84%. The lowest price the stock reached in the last trading day was $2.75 and compares with the $1.64 52-week low. The stock recovered 73.78% since its low point and has performed 43.94% year-to-date.

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