In last trading session, MP Materials Corporation (NYSE:MP) saw 3.96 million shares changing hands with its beta currently measuring 2.22. Company’s recent per share price level of $16.90 trading at $0.74 or 4.58% at ring of the bell on the day assigns it a market valuation of $2.79B. That closing price of MP’s stock is at a discount of -23.37% from its 52-week high price of $20.85 and is indicating a premium of 40.71% from its 52-week low price of $10.02. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.02 million shares which gives us an average trading volume of 3.25 million if we extend that period to 3-months.

For MP Materials Corporation (MP), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.75. Splitting up the data highlights that, out of 9 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.11 in the current quarter.

MP Materials Corporation (NYSE:MP) trade information

Upright in the green during last session for gaining 4.58%, in the last five days MP remained trading in the green while hitting it’s week-highest on Thursday, 09/26/24 when the stock touched $16.90 price level, adding 1.05% to its value on the day. MP Materials Corporation’s shares saw a change of -14.86% in year-to-date performance and have moved 19.01% in past 5-day. MP Materials Corporation (NYSE:MP) showed a performance of 32.03% in past 30-days. Number of shares sold short was 26.23 million shares which calculate 10.4 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 17.75 to the stock, which implies a rise of 4.79% to its current value. Analysts have been projecting 12.5 as a low price target for the stock while placing it at a high target of 47. It follows that stock’s current price would jump 26.04% in reaching the projected high whereas dropping to the targeted low would mean a gain of 26.04% for stock’s current value.

MP Materials Corporation (MP) estimates and forecasts

Statistics highlight that MP Materials Corporation is scoring comparatively lower than the scores of other players of the relevant industry. The company added 16.31% of value to its shares in past 6 months, showing an annual growth rate of -197.44% while that of industry is 18.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -33.00% from the last financial year’s standing.

9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 40.94M for the same. And 9 analysts are in estimates of company making revenue of 48.32M in the next quarter. Company posted 52.52M and 41.2M of sales in current and next quarters respectively a year earlier.

In 2024, company’s earnings growth rate is likely to be around -198.50% while estimates for its earnings growth in next 5 years are of 35.20%.

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

VANGUARD GROUP INC is the top institutional holder at MP for having 12.35 million shares of worth $157.23 million. And as of 2024-06-30, it was holding 7.0759 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 12.07 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.9153 of outstanding shares, having a total worth of $153.67 million.