The 36-month beta value for MP is at 2.23. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for MP is 122.20M, and currently, shorts hold a 18.20% of that float. The average trading volume for MP on November 13, 2024 was 3.10M shares.
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MP) stock’s latest price update
MP Materials Corporation (NYSE: MP) has experienced a decline in its stock price by -2.74 compared to its previous closing price of 20.41. However, the company has seen a gain of 6.66% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-08 that MP Material is the only fully vertically integrating Rare Earth mining company in the Western Hemisphere. It is finishing its complete transformation from the upstream (mining) and midstream (refining) to the downstream (production of magnets). FY25 should see a margin expansion as production yields are ramping up and magnets start to be sold by year-end.
MP’s Market Performance
MP’s stock has risen by 6.66% in the past week, with a monthly rise of 11.77% and a quarterly rise of 71.12%. The volatility ratio for the week is 4.68% while the volatility levels for the last 30 days are 3.74% for MP Materials Corporation. The simple moving average for the past 20 days is 5.47% for MP’s stock, with a 29.49% 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 17.03% 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 -4.80% of loss for the given period.
Volatility was left at 3.74%, however, over the last 30 days, the volatility rate increased by 4.68%, as shares surge +12.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +53.16% upper at present.
During the last 5 trading sessions, MP rose by +6.66%, which changed the moving average for the period of 200-days by +21.78% in comparison to the 20-day moving average, which settled at $18.82. In addition, MP Materials Corporation saw 0.00% 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:
- -0.82 for the present operating margin
- 0.37 for the gross margin
The net margin for MP Materials Corporation stands at -0.32. The total capital return value is set at -0.07. Equity return is now at value -4.86, with -2.57 for asset returns.
Based on MP Materials Corporation (MP), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03. The debt to equity ratio resting at 0.89. The interest coverage ratio of the stock is -81.66.
Currently, EBITDA for the company is 78.9 million with net debt to EBITDA at 153.45. When we switch over and look at the enterprise to sales, we see a ratio of 21.42. The receivables turnover for the company is 12.65for trailing twelve months and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.93.
Conclusion
In conclusion, MP Materials Corporation (MP) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
