MP Materials Corporation (NYSE: MP) is -11.64% lower on its value in year-to-date trading and has touched a low of $10.02 and a high of $20.85 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MP stock was last observed hovering at around $17.65 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $17.54, the stock is 19.66% and 31.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.82 million and changing -0.62% at the moment leaves the stock 14.91% off its SMA200. MP registered -8.17% loss for a year compared to 6-month loss of 19.56%. The firm has a 50-day simple moving average (SMA 50) of $13.4026 and a 200-day simple moving average (SMA200) of $15.26725.
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The stock witnessed a 35.97% gain in the last 1 month and extending the period to 3 months gives it a 27.66%, and is 9.63% up 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 5.14% over the week and 5.30% over the month.
MP Materials Corporation (MP) has around 681 employees, a market worth around $2.90B and $173.66M in sales. Fwd P/E is 104.76. Profit margin for the company is -21.94%. Distance from 52-week low is 75.05% and -15.88% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.86%).
with sales reaching $40.55M over the same period.The EPS is expected to shrink by -200.56% this year, but quarterly earnings will post -33.50% year-over-year. Quarterly sales are estimated to shrink -22.80% in year-over-year returns.
MP Materials Corporation (MP) Top Institutional Holders
The shares outstanding are 178.08M, and float is at 122.20M with Short Float at 21.47%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 12.35 million shares valued at $157.23 million. The investor’s holdings represent 7.0759% of the MP Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 12.07 million shares valued at $153.67 million to account for 6.9153 of the shares outstanding. The other top investors are STATE STREET CORP which holds 7.81 million shares representing 4.4765% and valued at over $99.47 million, while UBS GROUP AG holds 3.9392 of the shares totaling 6.88 million with a market value of $87.53 million.
MP Materials Corporation (MP) Insider Activity
The most recent transaction is an insider purchase by Rosenthal Michael Stuart, the company’s Chief Operating Officer. SEC filings show that Rosenthal Michael Stuart bought 30,000 shares of the company’s common stock on Aug 06 ’24 at a price of $10.84 per share for a total of $0.33 million. Following the purchase, the insider now owns 1.4 million shares.
MP Materials Corporation disclosed in a document filed with the SEC on May 28 ’24 that Corbett Ryan (Chief Financial Officer) sold a total of 50,000 shares of the company’s common stock. The trade occurred on May 28 ’24 and was made at $16.93 per share for $0.85 million. Following the transaction, the insider now directly holds 0.33 million shares of the MP stock.
Still, SEC filings show that on May 16 ’24, McKnight Andrew A. (Director) disposed off 317,750 shares at an average price of $18.07 for $5.74 million. The insider now directly holds 86,000 shares of MP Materials Corporation (MP).
