The stock of MP Materials Corporation (MP) has gone down by -12.27% for the week, with a -27.27% drop in the past month and a 0.77% rise in the past quarter. The volatility ratio for the week is 4.41%, and the volatility levels for the past 30 days are 3.72% for MP. The simple moving average for the past 20 days is -17.57% for MP’s stock, with a -21.88% simple moving average for the past 200 days.
Is It Worth Investing in MP Materials Corporation (NYSE: MP) Right Now?
The stock has a 36-month beta value of 2.25. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MP is 122.60M, and at present, short sellers hold a 22.85% of that float. On June 17, 2024, the average trading volume of MP was 3.39M shares.
MP) stock’s latest price update
MP Materials Corporation (NYSE: MP) has experienced a decline in its stock price by -3.59 compared to its previous closing price of 13.64. However, the company has seen a fall of -12.27% in its stock price over the last five trading days. businesswire.com reported 2024-06-10 that LAS VEGAS–(BUSINESS WIRE)—- $MP #rareearth–MP Materials Corp. (NYSE: MP) today announced that James Litinsky, Founder, Chairman, and Chief Executive Officer, will participate in the J.P. Morgan 2024 Energy, Power and Renewables Conference on Monday, June 17, 2024, at 1:45 p.m. Eastern Time. Live webcasts and replays will be available at https://investors.mpmaterials.com/. About MP Materials MP Materials (NYSE: MP) produces specialty materials that are vital inputs for electrification and other advanced techno.
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 -18.99% 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 -50.43% of loss for the given period.
Volatility was left at 3.72%, however, over the last 30 days, the volatility rate increased by 4.41%, as shares sank -27.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.57% lower at present.
During the last 5 trading sessions, MP fell by -11.86%, which changed the moving average for the period of 200-days by -35.01% in comparison to the 20-day moving average, which settled at $15.70. In addition, MP Materials Corporation saw -33.75% 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 Corbett Ryan, who sale 50,000 shares at the price of $16.93 back on May 28 ’24. After this action, Corbett Ryan now owns 325,021 shares of MP Materials Corporation, valued at $846,500 using the latest closing price.
McKnight Andrew A., the Director of MP Materials Corporation, sale 317,750 shares at $18.07 during a trade that took place back on May 16 ’24, which means that McKnight Andrew A. is holding 86,000 shares at $5,741,742 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 -17.11.
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 13.64. 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
To sum up, MP Materials Corporation (MP) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
