Company’s 36-month beta value is 2.23.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 4 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for MP is 122.20M, and currently, short sellers hold a 20.63% ratio of that floaft. The average trading volume of MP on October 23, 2024 was 3.30M shares.
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MP) stock’s latest price update
MP Materials Corporation (NYSE: MP)’s stock price has gone rise by 1.22 in comparison to its previous close of 18.08, however, the company has experienced a 3.39% increase in its stock price over the last five trading days. businesswire.com reported 2024-10-21 that LAS VEGAS–(BUSINESS WIRE)—- $MP #rareearth–MP Materials Corp. (NYSE: MP) will release its financial results for the third quarter ended September 30, 2024, after the U.S. markets close on Thursday, November 7, 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.
MP’s Market Performance
MP Materials Corporation (MP) has seen a 3.39% rise in stock performance for the week, with a 28.60% gain in the past month and a 33.28% surge in the past quarter. The volatility ratio for the week is 3.75%, and the volatility levels for the past 30 days are at 4.49% for MP. The simple moving average for the past 20 days is 3.74% for MP’s stock, with a 20.73% simple moving average for the past 200 days.
Analysts’ Opinion of MP
Many brokerage firms have already submitted their reports for MP stocks, with Robert W. Baird repeating the rating for MP by listing it as a “Outperform.” The predicted price for MP in the upcoming period, according to Robert W. Baird is $25 based on the research report published on September 27, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see MP reach a price target of $16.50. The rating they have provided for MP stocks is “Market Perform” according to the report published on July 15th, 2024.
JP Morgan gave a rating of “Neutral” to MP, setting the target price at $16 in the report published on April 23rd of the current year.
MP Trading at 21.75% 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 -12.23% of loss for the given period.
Volatility was left at 4.49%, however, over the last 30 days, the volatility rate increased by 3.75%, as shares surge +14.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +64.27% upper at present.
During the last 5 trading sessions, MP rose by +3.39%, which changed the moving average for the period of 200-days by -0.22% in comparison to the 20-day moving average, which settled at $17.64. In addition, MP Materials Corporation saw -7.81% 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 30,000 shares at the price of $10.84 back on Aug 06 ’24. After this action, Rosenthal Michael Stuart now owns 1,402,975 shares of MP Materials Corporation, valued at $325,200 using the latest closing price.
Corbett Ryan, the Chief Financial Officer of MP Materials Corporation, sale 50,000 shares at $16.93 during a trade that took place back on May 28 ’24, which means that Corbett Ryan is holding 325,021 shares at $846,500 based on the most recent closing price.
Stock Fundamentals for MP
Current profitability levels for the company are sitting at:
- -0.74 for the present operating margin
- 0.12 for the gross margin
The net margin for MP Materials Corporation stands at -0.22. The total capital return value is set at -0.06. Equity return is now at value -3.08, with -1.64 for asset returns.
Based on MP Materials Corporation (MP), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 0.85. The interest coverage ratio of the stock is -13.04.
Currently, EBITDA for the company is 78.9 million with net debt to EBITDA at -20.15. When we switch over and look at the enterprise to sales, we see a ratio of 21.16. The receivables turnover for the company is 6.24for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.90.
Conclusion
In a nutshell, MP Materials Corporation (MP) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
