MP Materials Corporation (NYSE:MP)’s traded shares stood at 0.86 million during the latest session, with the company’s beta value hitting 2.24. At the last check today, the stock’s price was $20.35, to imply a decrease of -3.69% or -$0.78 in intraday trading. The MP share’s 52-week high remains $24.01, putting it -17.99% down since that peak but still an impressive 50.76% since price per share fell to its 52-week low of $10.02. The company has a valuation of $3.32B, with an average of 3.64 million shares in intraday trading volume over the past 10 days and average of 3.30 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for MP Materials Corporation (MP), translating to a mean rating of 1.75. Of 9 analyst(s) looking at the stock, 0 analyst(s) give MP a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.1.
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MP Materials Corporation (NYSE:MP) trade information
After registering a -3.69% downside in the latest session, MP Materials Corporation (MP) has traded red over the past five days. The 5-day price performance for the stock is -2.35%, and 9.35% over 30 days. With these gigs, the year-to-date price performance is 2.52%. Short interest in MP Materials Corporation (NYSE:MP) saw shorts transact 20.71 million shares and set a 8.63 days time to cover.
The extremes give us $12.5 and $24 for target low and target high price respectively. As such, MP has been trading -17.94% off suggested target high and 38.57% from its likely low.
MP Materials Corporation (MP) estimates and forecasts
Looking at statistics comparing MP Materials Corporation share performance against respective industry, we note that the company has underperformed competitors. MP Materials Corporation (MP) shares are 33.44% up over the last 6 months, with its year-to-date growth rate lower than industry average at -220.51% against 9.40%. The rating firms project that company’s revenue will shrink -26.29% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is 50.13M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 65.16M.Earnings reports from the last fiscal year show that sales brought in 41.2M and 48.68M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 21.66% before jumping 33.84% in the following quarter.
MP Dividends
MP Materials Corporation has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
MP Materials Corporation (NYSE:MP)’s Major holders
The next major institution holding the largest number of shares is BLACKROCK INC. with 12.07 million shares, or about 6.9153% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $153.67 million.
