In recent trading session today, 0.62 million shares of the MP Materials Corporation (NYSE:MP) have been traded, and its beta is 2.23. Most recently the company’s share price was $17.29, and it changed around -$0.55 or -3.08% from the last close, which brings the market valuation of the company to $2.86B. MP at last check was trading at a discount to its 52-week high of $20.85, offering almost -20.59% off that amount. The share price’s 52-week low was $10.02, which indicates that the recent value has risen by an impressive 42.05% since then. We note from MP Materials Corporation’s average daily trading volume that its 10-day average is 4.32 million shares, with the 3-month average coming to 3.29 million.

MP Materials Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 1.75. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 4 recommended MP as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. MP Materials Corporation is expected to report earnings per share of -0.12 for the current quarter.

MP Materials Corporation (NYSE:MP) trade information

Instantly MP has been showing red trend so far today with a performance of -3.08% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 17.95 on recent trading dayincreased the stock’s daily price by 3.68%. The company’s shares are currently down -12.90% year-to-date, but still down -1.43% over the last five days. On the other hand, MP Materials Corporation (NYSE:MP) is 27.23% up in the 30-day period. We can see from the shorts that 26.23 million shares have been sold at a short interest cover period of 10.4 day(s).

The consensus price target as assigned by Wall Street analysts is $19, which translates to bulls needing to increase their stock price by 9.0% from its current value. Analyst projections state that MP is forecast to be at a low of $12.5 and a high of $47.

MP Materials Corporation (MP) estimates and forecasts

MP Materials Corporation share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -0.86 percent over the past six months and at a -200.00% annual growth rate that is well below the industry average of 18.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -400.00% in revenue this quarter, and will report a decrease of -300.00% in the next quarter. The year-over-year growth rate is expected to be -33.70%, down from the previous year.

Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 40.44M in revenue for the current quarter. 9 analysts expect MP Materials Corporation to make 46.37M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 52.52M and 41.2M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -23.00%. Forecasts for the next quarter put sales growth at 12.50%.

MP Materials Corporation earnings are expected to increase by 191.71% in 2024, but the outlook is positive 35.24% per year for the next five years.

MP Dividends

MP Materials Corporation’s next quarterly earnings report is expected to be released on 2024-Oct-31.

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

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