The stock price of MP Materials Corporation (NYSE: MP) has surged by 2.63 when compared to previous closing price of 16.00, but the company has seen a 3.14% gain in its stock price over the last five trading sessions. Business Wire reported 2024-04-11 that LAS VEGAS–(BUSINESS WIRE)—- $MP #rareearth–MP Materials Corp. (NYSE: MP) will release its financial results for the first quarter ended March 31, 2024, after the U.S. markets close on Thursday, May 2, 2024. MP Materials’ management will host a conference call and webcast that afternoon at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Prior to the conference call and webcast, MP Materials will issue a press release and post a slide presentation at https://investors.mpmaterials.com/. Conference Call Details.
Is It Worth Investing in MP Materials Corporation (NYSE: MP) Right Now?
The price-to-earnings ratio for MP Materials Corporation (NYSE: MP) is above average at 137.41x, Company’s 36-month beta value is 2.34.Analysts have differing 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 133.97M, and currently, short sellers hold a 23.13% ratio of that floaft. The average trading volume of MP on April 30, 2024 was 3.83M shares.
MP’s Market Performance
MP’s stock has seen a 3.14% increase for the week, with a 14.83% rise in the past month and a 0.74% gain in the past quarter. The volatility ratio for the week is 4.10%, and the volatility levels for the past 30 days are at 4.82% for MP Materials Corporation The simple moving average for the last 20 days is 2.23% for MP stock, with a simple moving average of -8.41% for the last 200 days.
Analysts’ Opinion of MP
Many brokerage firms have already submitted their reports for MP stocks, with JP Morgan repeating the rating for MP by listing it as a “Neutral.” The predicted price for MP in the upcoming period, according to JP Morgan is $16 based on the research report published on April 23, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see MP reach a price target of $15.50, previously predicting the price at $26. The rating they have provided for MP stocks is “Equal-Weight” according to the report published on March 13th, 2024.
MP Trading at 7.38% 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 -38.10% of loss for the given period.
Volatility was left at 4.82%, however, over the last 30 days, the volatility rate increased by 4.10%, as shares surge +8.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.61% lower at present.
During the last 5 trading sessions, MP rose by +3.14%, which changed the moving average for the period of 200-days by -36.55% in comparison to the 20-day moving average, which settled at $16.13. In addition, MP Materials Corporation saw -17.28% 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 13.22. 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
In a nutshell, MP Materials Corporation (MP) has experienced a mixed performance in recent times. The stock has received mixed “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.
