The 36-month beta value for MP is also noteworthy at 2.31. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for MP is 133.97M, and at present, short sellers hold a 23.13% of that float. The average trading volume of MP on May 06, 2024 was 3.87M shares.
MP) stock’s latest price update
MP Materials Corporation (NYSE: MP)’s stock price has decreased by -3.45 compared to its previous closing price of 15.96. However, the company has seen a -3.69% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-03 that Investors with an interest in Mining – Miscellaneous stocks have likely encountered both SSR Mining (SSRM) and MP Materials Corp. (MP). But which of these two stocks presents investors with the better value opportunity right now?
MP’s Market Performance
MP’s stock has fallen by -3.69% in the past week, with a monthly rise of 4.55% and a quarterly drop of -10.35%. The volatility ratio for the week is 4.83% while the volatility levels for the last 30 days are 4.98% for MP Materials Corporation The simple moving average for the past 20 days is -5.46% for MP’s stock, with a -13.18% simple moving average for the past 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 0.91% 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 -41.91% of loss for the given period.
Volatility was left at 4.98%, however, over the last 30 days, the volatility rate increased by 4.83%, as shares surge +5.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.60% lower at present.
During the last 5 trading sessions, MP fell by -3.69%, which changed the moving average for the period of 200-days by -36.00% in comparison to the 20-day moving average, which settled at $16.34. In addition, MP Materials Corporation saw -22.37% 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:
- -0.38 for the present operating margin
- 0.38 for the gross margin
The net margin for MP Materials Corporation stands at 0.02. The total capital return value is set at -0.03. Equity return is now at value 0.27, with 0.14 for asset returns.
Based on MP Materials Corporation (MP), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at 0.82. The interest coverage ratio of the stock is 66.03.
Currently, EBITDA for the company is 78.9 million with net debt to EBITDA at 38.29. When we switch over and look at the enterprise to sales, we see a ratio of 15.47. The receivables turnover for the company is 5.05for trailing twelve months and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.29.
Conclusion
In summary, MP Materials Corporation (MP) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
