MP Materials Corporation (NYSE: MP) is -8.16% 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 $18.02 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $18.23, the stock is -3.26% and 4.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing 1.17% at the moment leaves the stock 18.44% off its SMA200. MP registered 12.05% gain for a year compared to 6-month gain of 3.93%. The firm has a 50-day simple moving average (SMA 50) of $17.4284 and a 200-day simple moving average (SMA200) of $15.38375.
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The stock witnessed a -0.38% loss in the last 1 month and extending the period to 3 months gives it a 46.07%, and is -4.65% 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 3.96% over the week and 4.02% over the month.
MP Materials Corporation (MP) has around 681 employees, a market worth around $2.98B and $184.07M in sales. Fwd P/E is 351.79. Profit margin for the company is -32.24%. Distance from 52-week low is 81.94% and -12.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.95%).
The EPS is expected to shrink by -204.20% this year
The shares outstanding are 178.08M, and float is at 115.58M with Short Float at 19.25%.
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 sale by Litinsky James H., the company’s Chairman and CEO. SEC filings show that Litinsky James H. sold 300,000 shares of the company’s common stock on Nov 18 ’24 at a price of $18.45 per share for a total of $5.54 million. Following the sale, the insider now owns 18.22 million shares.
MP Materials Corporation disclosed in a document filed with the SEC on Nov 18 ’24 that Corbett Ryan (Chief Financial Officer) sold a total of 15,195 shares of the company’s common stock. The trade occurred on Nov 18 ’24 and was made at $18.30 per share for $0.28 million. Following the transaction, the insider now directly holds 0.3 million shares of the MP stock.
Still, SEC filings show that on Nov 15 ’24, Hoops Elliot Dean (General Counsel and Secretary) disposed off 30,000 shares at an average price of $18.03 for $0.54 million. The insider now directly holds 8,114 shares of MP Materials Corporation (MP).
