Navios Maritime Holdings (NYSE:NM) has tumbled 2.5% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 38.24% in the last four weeks. The stocks have underperformed the S&P 500 by 1.33% during the past week but Navios Maritime Holdings (NYSE:NM) it has outperformed the index in 4 weeks by 36.98%.
Navios Maritime Holdings (NYSE:NM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.95 and $0.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.99, notching a gain of 5.48% for the day. The total traded volume was 1,722,462 . The stock had closed at $0.94 on the previous day.
The company shares have dropped -73.74% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $4.51 and the one year low was seen on May 24, 2016. The 50-Day Moving Average price is $0.94 and the 200 Day Moving Average price is recorded at $1.12.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Citigroup downgrades its rating on Navios Maritime Holdings (NYSE:NM). The rating major has initiated the coverage with sell rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Citigroup raises the price target from $0.85 per share to $1 per share. The rating by the firm was issued on April 27, 2016. Institutional Investors own 22.26% of Navios Maritime Holdings shares.
Navios Maritime Holdings Inc. (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company. The Company is focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. Navios Holdings operates through two segments: the Dry bulk Vessel Operations and the Logistics Business. The Dry bulk Vessel Operations segment consists of the transportation and handling of bulk cargoes through the ownership, operation and trading of vessels, freight and forward freight agreements (FFAs). The Logistics Business segment consists of the Companys port terminal business, barge business and cabotage business in the Hidrovia region of South America. Navios Holdings also offers commercial and technical management services to the fleets of Navios Partners, Navios Acquisition, Navios Midstream and Navios Europe. The Companys fleet (excluding the Navios Logistics fleet) consists of around 66 vessels.