The stock of MP Materials Corporation (NYSE: MP) has increased by 5.45 when compared to last closing price of 14.30. Despite this, the company has experienced a 10.40% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-01 that Recently, Zacks.com users have been paying close attention to MP Materials (MP). This makes it worthwhile to examine what the stock has in store.
Is It Worth Investing in MP Materials Corporation (NYSE: MP) Right Now?
The price-to-earnings ratio for MP Materials Corporation (NYSE: MP) is 126.19x, which is above its average ratio. Moreover, the 36-month beta value for MP is 2.41. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MP is 142.71M and currently, short sellers hold a 19.44% of that float. On April 02, 2024, MP’s average trading volume was 3.40M shares.
MP’s Market Performance
MP’s stock has seen a 10.40% increase for the week, with a -0.85% drop in the past month and a -26.33% fall in the past quarter. The volatility ratio for the week is 4.66%, and the volatility levels for the past 30 days are at 5.16% for MP Materials Corporation The simple moving average for the past 20 days is 5.24% for MP’s stock, with a -19.10% simple moving average for the past 200 days.
Analysts’ Opinion of MP
Many brokerage firms have already submitted their reports for MP stocks, with Morgan Stanley repeating the rating for MP by listing it as a “Equal-Weight.” The predicted price for MP in the upcoming period, according to Morgan Stanley is $15.50 based on the research report published on March 13, 2024 of the current year 2024.
JP Morgan gave a rating of “Overweight” to MP, setting the target price at $27 in the report published on August 31st of the previous year.
MP Trading at -1.74% from the 50-Day Moving Average
After a stumble in the market that brought MP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -47.55% of loss for the given period.
Volatility was left at 5.16%, however, over the last 30 days, the volatility rate increased by 4.66%, as shares sank -2.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.92% lower at present.
During the last 5 trading sessions, MP rose by +10.40%, which changed the moving average for the period of 200-days by -33.71% in comparison to the 20-day moving average, which settled at $14.31. In addition, MP Materials Corporation saw -24.03% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MP starting from Rosenthal Michael Stuart, who purchase 5,000 shares at the price of $20.69 back on May 31 ’23. After this action, Rosenthal Michael Stuart now owns 126,622 shares of MP Materials Corporation, valued at $103,450 using the latest closing price.
Rosenthal Michael Stuart, the Chief Operating Officer of MP Materials Corporation, purchase 6,000 shares at $21.14 during a trade that took place back on May 30 ’23, which means that Rosenthal Michael Stuart is holding 121,622 shares at $126,840 based on the most recent closing price.
Stock Fundamentals for MP
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.58 for the gross margin
The net margin for MP Materials Corporation stands at 0.1. The total capital return value is set at -0.01. Equity return is now at value 1.82, with 1.04 for asset returns.
Based on MP Materials Corporation (MP), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is -5.83.
Currently, EBITDA for the company is 78.9 million with net debt to EBITDA at 5.72. When we switch over and look at the enterprise to sales, we see a ratio of 12.28. The receivables turnover for the company is 8.64for trailing twelve months and the total asset turnover is 0.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.42.
Conclusion
To wrap up, the performance of MP Materials Corporation (MP) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
