Why should you buy stock in MP Materials Corp. (MP)?

MP Materials Corp. (NYSE: MP) is -9.42% lower on its value in year-to-date trading and has touched a low of $9.78 and a high of $40.74 in the current 52-week trading range. The MP stock was last observed hovering at around $32.17 in the last trading session, with the day’s loss setting it -3.03% off its average median price target of $25.00 for the next 12 months. It is also -16.56% off the consensus price target high of $25.00 offered by 3 analysts, but current levels are -133.12% lower than the price target low of $12.50 for the same period.

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Currently trading at $29.14, the stock is -2.57% and 39.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.93 million and changing -9.42% at the moment leaves the stock 85.91% off its SMA200. MP registered a gain of 194.34% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $24.06 and a 200-day simple moving average (SMA200) of $24.06.

The stock witnessed a 39.36% loss in the last 1 month and extending the period to 3 months gives it a 108.14%, and is -17.94% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.66% over the week and 10.21% over the month.

MP Materials Corp. (MP) has around 280 employees, a market worth around $4.92B and $113.18M in sales. Fwd P/E is 121.42. Distance from 52-week low is 197.96% and -28.47% from its 52-week high.

MP Materials Corp. (MP) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for MP Materials Corp. (MP) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

MP Materials Corp. quarterly earnings per share for the current quarter are estimated at $0.04 with sales reaching $40M over the same period..

MP Materials Corp. (MP) Top Institutional Holders

106 institutions hold shares in MP Materials Corp. (MP), with 42.11M shares held by insiders accounting for 27.01% while institutional investors hold 78.17% of the company’s shares. The shares outstanding are 168.78M, and float is at 43.43M with Short Float at 12.72%. Institutions hold 57.05% of the Float.

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