Institutional Exposure To MP Materials Corporation (MP)

MP Materials Corporation (MP) concluded trading on Wednesday at a closing price of $15.03, with 3.19 million shares of worth about $47.91 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.89% during that period and on April 3, 2024 the price saw a gain of about 2.45%. Currently the company’s common shares owned by public are about 178.08M shares, out of which, 142.71M shares are available for trading.

However, the stock later moved at a day high price of 15.67, or with a gain of 2.45%. Stock saw a price change of 10.03% in past 5 days and over the past one month there was a price change of -3.22%. Year-to-date (YTD), MP shares are showing a performance of -24.28% which decreased to -46.68% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.68 but also hit the highest price of $28.75 during that period. The average intraday trading volume for MP Materials Corporation shares is 3.44 million. The stock is currently trading 5.36% above its 20-day simple moving average (SMA20), while that difference is down -1.83% for SMA50 and it goes to -19.03% lower than SMA200.

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MP Materials Corporation (NYSE: MP) currently have 178.08M outstanding shares and institutions hold larger chunk of about 53.59% of that.

The stock has a current market capitalization of $2.68B and its 3Y-monthly beta is at 2.40. PE ratio of stock for trailing 12 months is 125.77, while it has posted earnings per share of $0.12 in the same period. Its PEG reads 3.89 and has Quick Ratio of 9.54 while making debt-to-equity ratio of 0.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MP, volatility over the week remained 4.70% while standing at 5.10% over the month.

Stock’s fiscal year EPS is expected to drop by -81.48% while it is estimated to increase by 653.85% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on March 13, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $26 and $15.50 to it. On August 31, 2023, JP Morgan Initiated their recommendations, while on April 18, 2023, Northland Capital Downgrade their ratings for the stock with a price target of $32. Stock get a Buy rating from Canaccord Genuity on July 13, 2022.

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