MP Materials Corporation (MP) concluded trading on Wednesday at a closing price of $19.60, with 7.01 million shares of worth about $137.32 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.64% during that period and on Wednesday the price saw a gain of about 4.42%. Currently the company’s common shares owned by public are about 163.45M shares, out of which, 119.64M shares are available for trading.
Stock saw a price change of -5.04% in past 5 days and over the past one month there was a price change of -21.13%. Year-to-date (YTD), MP shares are showing a performance of 25.64% which increased to 16.11% 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 $29.72 during that period. The average intraday trading volume for MP Materials Corporation shares is 5.87 million. The stock is currently trading -10.56% below its 20-day simple moving average (SMA20), while that difference is down -17.62% for SMA50 and it goes to -1.97% lower than SMA200.
MP Materials Corporation (NYSE: MP) currently have 163.45M outstanding shares and institutions hold larger chunk of about 69.52% of that.
The stock has a current market capitalization of $3.20B and its 3Y-monthly beta is at 2.09. It has posted earnings per share of -$0.64 in the same period. It has Quick Ratio of 3.58 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 4.24% while standing at 3.18% over the month.
Analysts are in expectations that MP Materials Corporation (MP) stock would likely to be making an EPS of -0.21 in the current quarter, while forecast for next quarter EPS is -0.19 and it is 0.14 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.29 which is -0.15 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.17 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -24.97% while it is estimated to increase by 130.13% 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.
