MP Materials Corporation (NYSE: MP) is 56.86% higher on its value in year-to-date trading and has touched a low of $10.02 and a high of $24.01 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MP stock was last observed hovering at around $22.23 in the last trading session, with the day’s gains setting it 2.24%.
Currently trading at $24.47, the stock is 16.48% and 24.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.82 million and changing 10.08% at the moment leaves the stock 48.70% off its SMA200. MP registered 51.42% gain for a year compared to 6-month gain of 119.07%. The firm has a 50-day simple moving average (SMA 50) of $19.4956 and a 200-day simple moving average (SMA200) of $16.41705.
The stock witnessed a 49.30% loss in the last 1 month and extending the period to 3 months gives it a 36.02%, and is 17.53% 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 5.79% over the week and 5.80% over the month.
MP Materials Corporation (MP) has around 681 employees, a market worth around $3.99B and $184.07M in sales. Profit margin for the company is -32.24%. Distance from 52-week low is 144.21% and 1.92% 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 -211.93% this year.
MP Materials Corporation (MP) Top Institutional Holders
The shares outstanding are 163.19M, and float is at 117.04M with Short Float at 17.01%.
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 1,579,110 shares of the company’s common stock on Dec 03 ’24 at a price of $23.39 per share for a total of $36.93 million. Following the sale, the insider now owns 16.03 million shares.
MP Materials Corporation disclosed in a document filed with the SEC on Dec 02 ’24 that Litinsky James H. (Chairman and CEO) sold a total of 234,667 shares of the company’s common stock. The trade occurred on Dec 02 ’24 and was made at $20.68 per share for $4.85 million. Following the transaction, the insider now directly holds 17.61 million shares of the MP stock.
Still, SEC filings show that on Dec 03 ’24, JAMES HENRY LITINSKY REVOCABLE (Director) Proposed Sale 1,200,000 shares at an average price of $20.81 for $24.97 million. The insider now directly holds shares of MP Materials Corporation (MP).
