Currently, there are 178.08M common shares owned by the public and among those 142.70M shares have been available to trade.
Insiders at the company have transacted a total of 29 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 408,870 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 60,698,687 shares.
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However, the script later moved the day high at 15.72, down -8.11%. The company’s stock has a 5-day price change of -8.64% and -15.56% over the past three months. MP shares are trading -28.11% year to date (YTD), with the 12-month market performance down to -57.98% lower. It has a 12-month low price of $14.32 and touched a high of $34.15 over the same period. MP has an average intraday trading volume of 2.80 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.47%, -15.96%, and -26.17% respectively.
Institutional ownership of MP Materials Corporation (NYSE: MP) shares accounts for 53.81% of the company’s 178.08M shares outstanding.
It has a market capitalization of $2.54B and a beta (3y monthly) value of 2.44. The stock’s trailing 12-month PE ratio is 119.41, while the earnings-per-share (ttm) stands at $0.12. The company has a PEG of 4.37 and a Quick Ratio of 9.54 with the debt-to-equity ratio at 0.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.64% over the week and 4.50% over the month.
Analysts forecast that MP Materials Corporation (MP) will achieve an EPS of -$0.01 for the current quarter, $0.02 for the next quarter and $0.61 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.09 while analysts give the company a high EPS estimate of $0.03. Comparatively, EPS for the current quarter was $0.27 a year ago. Earnings per share for the fiscal year are expected to increase by 191.71%, and 69.65% over the next financial year.
JP Morgan coverage for the MP Materials Corporation (MP) stock in a research note released on August 31, 2023 offered a Overweight rating with a price target of $27. Northland Capital was of a view on April 18, 2023 that the stock is Market Perform, while Canaccord Genuity gave the stock Buy rating on July 13, 2022, issuing a price target of $44. Northland Capital on their part issued Outperform rating on June 06, 2022.
