MP Materials Corporation (MP) concluded trading on Wednesday at a closing price of $19.00, with 3.48 million shares of worth about $66.05 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.23% during that period and on October 16, 2024 the price saw a gain of about 7.34%. Currently the company’s common shares owned by public are about 178.08M shares, out of which, 122.20M shares are available for trading.
Stock saw a price change of 10.79% in past 5 days and over the past one month there was a price change of 33.71%. Year-to-date (YTD), MP shares are showing a performance of -4.28% which increased to 3.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.02 but also hit the highest price of $20.85 during that period. The average intraday trading volume for MP Materials Corporation shares is 3.25 million. The stock is currently trading 12.46% above its 20-day simple moving average (SMA20), while that difference is up 31.57% for SMA50 and it goes to 25.26% higher than SMA200.
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MP Materials Corporation (NYSE: MP) currently have 178.08M outstanding shares and institutions hold larger chunk of about 64.40% of that.
The stock has a current market capitalization of $3.14B and its 3Y-monthly beta is at 2.24. It has posted earnings per share of -$0.40 in the same period. It has Quick Ratio of 6.17 while making debt-to-equity ratio of 0.85. 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 3.64% while standing at 4.69% over the month.
Stock’s fiscal year EPS is expected to drop by -206.90% while it is estimated to increase by 139.01% 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 Robert W. Baird on September 27, 2024 offering an Outperform rating for the stock and assigned a target price range of between $20 and $25 to it. Coverage by BMO Capital Markets stated MP Materials Corporation (MP) stock as a Market perform in their note to investors on July 15, 2024, suggesting a price target of $16.50 for the stock. On April 23, 2024, JP Morgan Downgrade their recommendations, while on March 13, 2024, Morgan Stanley Downgrade their ratings for the stock with a price target of $15.50. Stock get an Outperform rating from Northland Capital on September 06, 2023.
