MP Materials Corporation (MP) concluded trading on Thursday at a closing price of $16.18, with 4.54 million shares of worth about $73.38 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.27% during that period and on December 19, 2024 the price saw a loss of about -3.29%. Currently the company’s common shares owned by public are about 163.19M shares, out of which, 117.21M shares are available for trading.
Stock saw a price change of -17.45% in past 5 days and over the past one month there was a price change of -10.21%. Year-to-date (YTD), MP shares are showing a performance of -18.49% which decreased to -11.92% 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 $24.01 during that period. The average intraday trading volume for MP Materials Corporation shares is 3.29 million. The stock is currently trading -18.01% below its 20-day simple moving average (SMA20), while that difference is down -15.05% for SMA50 and it goes to 2.47% higher than SMA200.
MP Materials Corporation (NYSE: MP) currently have 163.19M outstanding shares and institutions hold larger chunk of about 64.95% of that.
The stock has a current market capitalization of $2.64B and its 3Y-monthly beta is at 2.29. It has posted earnings per share of -$0.53 in the same period. It has Quick Ratio of 6.13 while making debt-to-equity ratio of 0.89. 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 5.68% while standing at 5.47% over the month.
Stock’s fiscal year EPS is expected to drop by -210.02% while it is estimated to increase by 93.86% 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.
