Finding Support And Resistance On A Chart: Martin Midstream Partners L.P. (MMLP), Vivint Smart Home Inc. (VVNT)

Martin Midstream Partners L.P. (NASDAQ:MMLP) stock opened at $3.02 in recent trading session and has moved within a range spread between a low of $2.70 and a high of $3.03. When we look at the daily trading volume, traded Martin Midstream Partners L.P. shares reached 464062.0, slightly higher than its 90-day average trading volume of 287170.0. The company has a market cap of $101.18 million and its earnings growth for the next 5 years has been projected to rise by 3.60%. MMLP stock lost -9.63% on the day to settle at $2.72 with a 1.67% short float and a short ratio of 1.87.

Analysts give Martin Midstream Partners L.P. (MMLP) a recommended stock rating of 2.33 to suggest the stock is a great Moderate Sell at the moment. Short term prospects for the stock appear exciting, with the distance to its 20-day simple moving average at -33.82% and the price target is given a consensus estimate of $3.97, about -1.39 down on the current stock price at $2.72. The weekly performance stands at -24.65% lower and -33.00% over the past one month. However, its overall year-to-date performance is down by -32.51% and -80.76% over the last 12 months. If we look at the company’s trailing 12-month price earnings ratio we get 13.08 while the estimated twelve-month trailing earnings per share should shrink -166.10% for the current year. That figure will dwindle in 2020 but reach an average of 3.60% over the next five-year period.

If we break down the company’s shareholders to find out who the top MMLP holders are, we note that insiders hold only 17.35% of the shares. The major holders are institutions that hold 26.13% of the company’s shares, specifically spread out among 49 institutional holders. 31.61% of the share float is held by these institutions, of which the top three include are Invesco Ltd., JP Morgan Chase & Company and UBS Group AG. The Invesco Ltd. currently holds 8.25 million shares (about 21.22% of shares outstanding) valued at over $37.44 million as reported last on Sep 29, 2019. JP Morgan Chase & Company and UBS Group AG hold 596046.0 and 277312.0 shares valued at over $2.71 million and $1.26 million respectively. The two company’s shares make up 1.53% and 0.71% of the total Martin Midstream Partners L.P. (MMLP) shares outstanding, respectively. The three top holders share value combine to more than $41.41 million.

Analysts on Wall Street have given the MMLP stock a steady of Hold for the last 3 months, with the current consensus rating among 4 polled analysts putting it at 3.00. 0 analysts have said the stock is a sell or underperform, while only 0 rate it as overweight. A further 4 rate the stock as a Hold, while 0 have rated it as a Buy.

In terms of the stock price, analysts have given the stock a 12-month consensus price target of $2.72, with the low at $4.00 and the high at $5.00. The median price of $4.00 suggests that analysts predict the stock will gain by 32.0% over the year from the last trading price. If the stock climbs to hit the high price target, then the company’s share price would have surged by an impressive 45.6% over the next 12 months. Even hitting the consensus low price we would still see the stock rise 32.0% from its current price level.

On 6/11/2019, Tauscher Randall L Chief Operating Officer & Executive Vice President bought 20000.0 shares at a share price of $6.81 for a total of $136200.0. Since the sale, the stock’s price has plunged -58.97%.

Vivint Smart Home Inc. (NYSE: VVNT) is undervalued, analysts say as the stock’s 3.00 rating makes it a Hold. The target price suggests that the company shares have a 0.0 downside potential compared to its last price at the close of trade at $14.25 (down -0.35% on day’s opening price on 02/04/20).

So, what do analysts say about a stock that has gained 24.94% year-to-date? Data shows that 2 analysts observing Vivint Smart Home Inc.’s stock have recommended VVNT as a Hold. 0 of 2 say it is a buy, while 0 rate the stock as a overweight. The remaining 2 recommend investors Hold. The median price target for the stock is $13.75, with the range between a low of $12.50 and a high of $15.00. Shares outstanding sit at 180.18M while the public float is currently at 131.23M shares.

The average analyst ratings momentum for the stock is 3.00 and has remained 5.00 and 5.00 a month ago and 2 months ago, respectively. We focus on changes in the sentiment portrayed by analysts over a given timeframe to get a pointer regarding the stock’s future price movements. If we look at the stock’s most recent price movements, the SMA20 is at a distance of 7.77% while enlarging that period further brings the SMA50 and SMA200 to 18.08% and 23.98% respectively.

In terms of volatility relative to the latest price change, VVNT has a relative strength index (RSI) of 52.19 while the ATR figure stands at 1.65. Over the last week, the stock’s price swung only 8.90% although that rises to 25.24% over the month. Investors are encouraged by the positive sales in the quarter over quarter returns that currently stand at 6.80%. Sentiment is however tempered due to the 25.12% in quarter-over-quarter earnings a share.