MP Materials Corporation (MP)’s stock has witnessed a price declined of -2.23% from the previous close with its current price standing at $15.00. Its current price is -50.48% under its 52-week high of $30.29 and 6.82% more than its 52-week low of $14.04. Based on the past 30-day period, the stock price is -10.02% below the high and +7.44% above the low.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, MP’s SMA-200 is $19.12.
Additionally, it is important to take into account MP stock ratios, including its price-to-sales ratio, which is 10.54 for the last tewlve months.MP’s price to book ratio for the most recent quarter was 1.96, resulting in an 2.67 price to cash per share for the period.
How does MP Materials Corporation (MP) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 11 brokerage firms that recommend the stock as a Strong Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 4.73 in simple terms.
MP Materials Corporation (MP): Earnings History
If we examine MP Materials Corporation’s recent earnings history, in the last quarter ended on 12/30/2023, it posted adjusted earnings per share of -$0.02, slashing the consensus of -$0.04. In other words, it beat the consensus by $0.02, resulting in a 50.00% surprise. In the 3 months period before the previous quarter which was closed on 12/30/2023, the stock recorded adjusted earnings per share of -$0.02 in contrast with the Outlook of -$0.04. That was a difference of $0.02 and a surprise of 50.00%.
MP Materials Corporation (NYSE: MP) Ownership Details
I will give a breakdown of the key shareholders in MP Materials Corporation (MP). Recent figures show that the company’s insiders hold 19.63% of shares. A total of 522 institutional investors hold shares in the company, making 54.03% of its stock and 67.22% of its float.
Jun 29, 2023, it was reported that the Company’s largest institutional holder is Vanguard Group Inc holding total of 10.68 million shares that make 6.01% of the company’s total number of shares and are currently priced at 244.42 million.
The securities firm Blackrock Inc. holds 8.93 million shares of MP, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 5.03%, and the holding percentage of shares is valued at 204.4 million.
An overview of MP Materials Corporation’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests MP Materials Corporation (MP) traded 4,215,722 shares per day, with a moving average of $15.45 and price change of -2.02. With the moving average of $16.38 and a price change of -5.38, about 3,176,417 shares changed hands on average over the past 50 days. Finally, MP’s 100-day average volume is 2,991,625 shares, alongside a moving average of $16.64 and a price change of -3.77.
