When is MP Materials Corp. (MP) going to be good investment? – Marketing Sentinel

When is MP Materials Corp. (MP) going to be good investment?

MP Materials Corp. (NYSE:MP) has a beta value of 0 and has seen 2,733,570 shares traded in the last trading session. The company, currently valued at $5.13 Billion, closed the last trade at $30.04 per share which meant it lost -$1.7 on the day or -5.36% during that session. The MP stock price is -72.34% off its 52-week high price of $51.77 and 67.44% above the 52-week low of $9.78. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.88 Million shares traded. The 3-month trading volume is 5.97 Million shares.

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The consensus among analysts is that MP Materials Corp. (MP) is an Overweight stock at the moment, with a recommendation rating of 2.4. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 5 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.1.

MP Materials Corp. (NYSE:MP) trade information

Despite being -5.36% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the MP stock price touched $32.44- or saw a rise of 7.4%. Year-to-date, MP Materials Corp. shares have moved -6.62%, while the 5-day performance has seen it change 1.56%. Over the past 30 days, the shares of MP Materials Corp. (NYSE:MP) have changed -12.45%. Short interest in the company has seen 13.18 Million shares shorted with days to cover at 2.21.

Wall Street analysts have a consensus price target for the stock at $42.4, which means that the shares’ value could jump 41.15% from current levels. The projected low price target is $37 while the price target rests at a high of $50. In that case, then, we find that the current price level is +66.44% off the targeted high while a plunge would see the stock lose 23.17% from current levels.

MP Materials Corp. (MP) estimates and forecasts

Earnings growth for 2021 is a modest +0% while over the next 5 years, the company’s earnings are expected to increase by 39.8%.

MP Materials Corp. (NYSE:MP)’s Major holders

Insiders own 19.95% of the company shares, while shares held by institutions stand at 62.88% with a share float percentage of 78.56%. Investors are also buoyed by the number of investors in a company, with MP Materials Corp. having a total of 185 institutions that hold shares in the company. The top two institutional holders are JHL Capital Group, LLC with over 47.54 Million shares worth more than $1.53 Billion. As of December 30, 2020, JHL Capital Group, LLC held 27.84% of shares outstanding.

The other major institutional holder is QVT Financial LP, with the holding of over 22.82 Million shares as of December 30, 2020. The firm’s total holdings are worth over $734.21 Million and represent 13.37% of shares outstanding.


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Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of December 30, 2020, the former fund manager holds about 1.4% shares in the company for having 2388821 shares of worth $76.85 Million while later fund manager owns 2.03 Million shares of worth $65.34 Million as of December 30, 2020, which makes it owner of about 1.19% of company’s outstanding stock.

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