In the latest trading session, 0.92 million MP Materials Corporation (NYSE:MP) shares changed hands as the company’s beta touched 2.22. With the company’s most recent per share price at $12.98 changing hands around $0.67 or 5.48% at last look, the market valuation stands at $2.15B. MP’s current price is a discount, trading about -75.73% off its 52-week high of $22.81. The share price had its 52-week low at $10.02, which suggests the last value was 22.8% up since then. When we look at MP Materials Corporation’s average trading volume, we note the 10-day average is 2.5 million shares, with the 3-month average coming to 2.87 million.

Analysts gave the MP Materials Corporation (MP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.75. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended MP as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. MP Materials Corporation’s EPS for the current quarter is expected to be -0.11.

MP Materials Corporation (NYSE:MP) trade information

Instantly MP is in green as seen in intraday trades today. With action 11.94%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -34.58%, with the 5-day performance at 11.94% in the green. However, in the 30-day time frame, MP Materials Corporation (NYSE:MP) is -7.91% down. Looking at the short shares, we see there were 25.39 million shares sold at short interest cover period of 11.33 days.

The consensus price target for the stock as assigned by Wall Street analysts is 19.25, meaning bulls need an upside of 32.57% from its recent market value. According to analyst projections, MP’s forecast low is 12.5 with 47 as the target high. To hit the forecast high, the stock’s price needs a -262.1% plunge from its current level, while the stock would need to tank 3.7% for it to hit the projected low.

MP Materials Corporation (MP) estimates and forecasts

Data shows that the MP Materials Corporation share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -19.30% over the past 6 months, a -192.31% in annual growth rate that is considerably lower than the industry average of 19.30%. Year-over-year growth is forecast to reach -33.20% down from the last financial year.

Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 40.94M. 9 analysts are of the opinion that MP Materials Corporation’s revenue for the current quarter will be 48.32M. The company’s revenue for the corresponding quarters a year ago was 52.52M and 41.2M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -22.00%. The estimates for the next quarter sales put growth at 17.30%.

The 2024 estimates are for MP Materials Corporation earnings to decrease by -199.43%, but the outlook for the next 5-year period is at 35.20% per year.

MP Dividends

MP Materials Corporation is expected to release its next quarterly earnings report in September.

MP Materials Corporation (NYSE:MP)’s Major holders

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.9153% or 12.07 million shares worth $153.67 million as of 2024-06-30.

Among Mutual Funds, the top two as of Mar 31, 2024 were Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. With 4.48 shares estimated at $58.23 million under it, the former controlled 2.71% of total outstanding shares. On the other hand, iShares Core S&P Midcap ETF held about 2.52% of the shares, roughly 4.17 shares worth around $54.22 million.