Currently, there are 163.20M common shares owned by the public and among those 119.43M shares have been available to trade.
The company’s stock has a 5-day price change of 15.01% and 41.27% over the past three months. MP shares are trading 76.86% year to date (YTD), with the 12-month market performance up to 59.48% higher. It has a 12-month low price of $10.02 and touched a high of $27.29 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 9.58%, 12.34%, and 48.43% respectively.
Institutional ownership of MP Materials Corporation (NYSE: MP) shares accounts for 66.44% of the company’s 163.20M shares outstanding.
It has a market capitalization of $4.51B and a beta (3y monthly) value of 2.23. The earnings-per-share (ttm) stands at -$0.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.04% over the week and 7.84% over the month.
Earnings per share for the fiscal year are expected to increase by 43.21%, and 324.32% over the next financial year.
Looking at the support for the MP, a number of firms have released research notes about the stock. Robert W. Baird stated their Outperform rating for the stock in a research note on September 27, 2024, with the firm’s price target at $20-$25. BMO Capital Markets coverage for the MP Materials Corporation (MP) stock in a research note released on July 15, 2024 offered a Market Perform rating with a price target of $16.50. JP Morgan was of a view on April 23, 2024 that the stock is Neutral, while Morgan Stanley gave the stock Equal-Weight rating on March 13, 2024, issuing a price target of $26- $15.50. Northland Capital on their part issued Outperform rating on September 06, 2023.
