Currently, there are 178.08M common shares owned by the public and among those 122.58M shares have been available to trade.
The company’s stock has a 5-day price change of -16.69% and -31.80% over the past three months. MP shares are trading -44.69% year to date (YTD), with the 12-month market performance down to -53.00% lower. It has a 12-month low price of $10.02 and touched a high of $23.39 over the same period. MP has an average intraday trading volume of 3.05 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 -20.95%, -22.92%, and -30.63% respectively.
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Institutional ownership of MP Materials Corporation (NYSE: MP) shares accounts for 64.86% of the company’s 178.08M shares outstanding.
It has a market capitalization of $1.82B and a beta (3y monthly) value of 2.27. The earnings-per-share (ttm) stands at -$0.40. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.46% over the week and 4.73% over the month.
Analysts forecast that MP Materials Corporation (MP) will achieve an EPS of -0.1 for the current quarter, -0.06 for the next quarter and 0.25 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.19 while analysts give the company a high EPS estimate of -0.19. Comparatively, EPS for the current quarter was 0.04 a year ago. Earnings per share for the fiscal year are expected to decrease by -190.58%, and 122.43% over the next financial year.
Looking at the support for the MP, a number of firms have released research notes about the stock. BMO Capital Markets stated their Market Perform rating for the stock in a research note on July 15, 2024, with the firm’s price target at $16.50. JP Morgan coverage for the MP Materials Corporation (MP) stock in a research note released on April 23, 2024 offered a Neutral rating with a price target of $16. JP Morgan on their part issued Overweight rating on August 31, 2023.
