MP Materials Corporation (NYSE:MP) has a beta value of 2.24 and has seen 1.19 million shares traded in the recent trading session. The company, currently valued at $3.09B, closed the recent trade at $18.66 per share which meant it gained $0.96 on the day or 5.40% during that session. The MP stock price is -11.74% off its 52-week high price of $20.85 and 46.3% above the 52-week low of $10.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.34 million shares traded. The 3-month trading volume is 3.25 million shares.
The consensus among analysts is that MP Materials Corporation (MP) is Buy stock at the moment, with a recommendation rating of 1.75. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 9 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.12.
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MP Materials Corporation (NYSE:MP) trade information
Sporting 5.40% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the MP stock price touched $18.66 or saw a rise of 2.2%. Year-to-date, MP Materials Corporation shares have moved -6.02%, while the 5-day performance has seen it change 8.78%. Over the past 30 days, the shares of MP Materials Corporation (NYSE:MP) have changed 31.28%. Short interest in the company has seen 25.21 million shares shorted with days to cover at 5.29.
Wall Street analysts have a consensus price target for the stock at $19, which means that the shares’ value could jump 1.79% from the levels at last check today. The projected low price target is $12.5 while the price target rests at a high of $47.0. In that case, then, we find that the latest price level in today’s session is -151.88% off the targeted high while a plunge would see the stock lose 33.01% from the levels at last check today.
MP Materials Corporation (MP) estimates and forecasts
Figures show that MP Materials Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained 11.17% over the past 6 months, with this year growth rate of -210.26%, compared to 16.20% for the industry. Revenue growth from the last financial year stood is estimated to be -33.60%.
9 analysts offering their estimates for the company have set an average revenue estimate of 40.41M for the current quarter. 9 have an estimated revenue figure of 46.37M for the next ending quarter. Year-ago sales stood 52.52M and 41.2M respectively for this quarter and the next, and analysts expect sales will shrink by -23.10% for the current quarter and -33.60% for the next.
Earnings growth for 2024 is a modest -206.90% while over the next 5 years, the company’s earnings are expected to increase by 35.24%.
MP Dividends
MP Materials Corporation is expected to release its next earnings report on 2024-Oct-31 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
MP Materials Corporation (NYSE:MP)’s Major holders
The top two institutional holders are VANGUARD GROUP INC with over 12.35 million shares worth more than $157.23 million. As of 2024-06-30, VANGUARD GROUP INC held 7.0759% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 12.07 million shares as of 2024-06-30. The firm’s total holdings are worth over $153.67 million and represent 6.9153% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 4.70% shares in the company for having 7.77 shares of worth $145.31 million while later fund manager owns 4.03 shares of worth $75.42 million as of Jun 30, 2024, which makes it owner of about 2.44% of company’s outstanding stock.
