MP Materials Corp. (NYSE:MP) has seen 1.45 million shares traded in the last trading session. The company, currently valued at $5.08B, closed the last trade at $30.12 per share which meant it lost -$0.66 on the day or -2.14% during that session. The MP stock price is -99.83% off its 52-week high price of $60.19 and 21.98% above the 52-week low of $23.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.69 million shares traded. The 3-month trading volume is 2.01 million shares.
The consensus among analysts is that MP Materials Corp. (MP) is a Buy stock at the moment, with a recommendation rating of 1.70. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 1 out of 11 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.3.
MP Materials Corp. (NYSE:MP) trade information
Sporting -2.14% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the MP stock price touched $30.12 or saw a rise of 2.62%. Year-to-date, MP Materials Corp. shares have moved 24.05%, while the 5-day performance has seen it change 1.38%. Over the past 30 days, the shares of MP Materials Corp. (NYSE:MP) have changed 4.95%. Short interest in the company has seen 12.26 million shares shorted with days to cover at 6.01.
Wall Street analysts have a consensus price target for the stock at $44.55, which means that the shares’ value could jump 32.39% from current levels. The projected low price target is $36.00 while the price target rests at a high of $56.00. In that case, then, we find that the current price level is -85.92% off the targeted high while a plunge would see the stock gain -19.52% from current levels.
MP Materials Corp. (MP) estimates and forecasts
Figures show that MP Materials Corp. shares have outperformed across the wider relevant industry. The company’s shares have lost -3.37% over the past 6 months, with this year growth rate of 53.85%, compared to 7.80% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 11.10% and -29.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 58.80%.
7 analysts offering their estimates for the company have set an average revenue estimate of $117.55 million for the current quarter. 7 have an estimated revenue figure of $104.48 million for the next quarter concluding in Dec 2022.
Earnings growth for 2023 is a modest 359.70% while over the next 5 years, the company’s earnings are expected to increase by 33.47%.
MP Materials Corp. is expected to release its next earnings report between February 22 and February 27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
MP Materials Corp. (NYSE:MP)’s Major holders
Insiders own 18.35% of the company shares, while shares held by institutions stand at 60.39% with a share float percentage of 73.96%. Investors are also buoyed by the number of investors in a company, with MP Materials Corp. having a total of 510 institutions that hold shares in the company. The top two institutional holders are JHL Capital Group, LLC with over 38.18 million shares worth more than $1.22 billion. As of Jun 29, 2022, JHL Capital Group, LLC held 21.50% of shares outstanding.
The other major institutional holder is QVT Financial LP, with the holding of over 15.95 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $511.54 million and represent 8.98% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. As of Jun 29, 2022, the former fund manager holds about 1.62% shares in the company for having 2.87 million shares of worth $92.1 million while later fund manager owns 2.69 million shares of worth $73.39 million as of Sep 29, 2022, which makes it owner of about 1.51% of company’s outstanding stock.