MP Materials Corporation (NYSE: MP) is -6.45% 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 $19.12 in the last trading session, with the day’s loss setting it -0.55%.
Currently trading at $18.57, the stock is -1.44% and 8.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.68 million and changing -2.88% at the moment leaves the stock 20.91% off its SMA200. MP registered 14.98% gain for a year compared to 6-month gain of 2.71%. The firm has a 50-day simple moving average (SMA 50) of $17.065 and a 200-day simple moving average (SMA200) of $15.3447.
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The stock witnessed a -2.26% loss in the last 1 month and extending the period to 3 months gives it a 56.18%, and is -7.06% 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 5.44% over the week and 3.95% over the month.
MP Materials Corporation (MP) has around 681 employees, a market worth around $3.03B and $184.07M in sales. Fwd P/E is 9.62. Profit margin for the company is -32.24%. Distance from 52-week low is 85.33% and -10.94% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.95%).
The EPS is expected to grow by 191.71% this year
The shares outstanding are 178.08M, and float is at 122.20M with Short Float at 18.20%.
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).
