Currently, there are 178.08M common shares owned by the public and among those 122.60M shares have been available to trade.
The company’s stock has a 5-day price change of 11.89% and -6.34% over the past three months. MP shares are trading -30.78% year to date (YTD), with the 12-month market performance down to -39.95% lower. It has a 12-month low price of $12.09 and touched a high of $26.53 over the same period. MP has an average intraday trading volume of 3.48 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 -1.72%, -11.54%, and -16.31% respectively.
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Institutional ownership of MP Materials Corporation (NYSE: MP) shares accounts for 64.01% of the company’s 178.08M shares outstanding.
It has a market capitalization of $2.27B and a beta (3y monthly) value of 2.22. The earnings-per-share (ttm) stands at -$0.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.30% over the week and 4.35% over the month.
Earnings per share for the fiscal year are expected to decrease by -132.69%, and 369.02% over the next financial year.
Looking at the support for the MP, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on April 23, 2024, with the firm’s price target at $20-$16. Morgan Stanley coverage for the MP Materials Corporation (MP) stock in a research note released on March 13, 2024 offered a Equal-Weight rating with a price target of $15.50. Northland Capital was of a view on September 06, 2023 that the stock is Outperform, while JP Morgan gave the stock Overweight rating on August 31, 2023, issuing a price target of $27. Northland Capital on their part issued Market Perform rating on April 18, 2023.
