In today’s recent session, 1.56 million shares of the MP Materials Corporation (NYSE:MP) have been traded, and its beta is 2.25. Most recently the company’s share price was $19.58, and it changed around -$0.94 or -4.56% from the last close, which brings the market valuation of the company to $3.20B. MP at last check was trading at a discount to its 52-week high of $24.01, offering almost -22.63% off that amount. The share price’s 52-week low was $10.02, which indicates that the recent value has risen by an impressive 48.83% since then. We note from MP Materials Corporation’s average daily trading volume that its 10-day average is 3.99 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 12 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended MP as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight.
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MP Materials Corporation (NYSE:MP) trade information
Instantly MP has been showing red trend so far today with a performance of -4.56% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 23.60 on recent trading dayincreased the stock’s daily price by 17.03%. The company’s shares are currently down -1.34% year-to-date, but still down -15.25% over the last five days. On the other hand, MP Materials Corporation (NYSE:MP) is 0.44% up in the 30-day period. We can see from the shorts that 20.71 million shares have been sold at a short interest cover period of 8.63 day(s).
The consensus price target as assigned by Wall Street analysts is $21.25, which translates to bulls needing to increase their stock price by 7.86% from its current value. Analyst projections state that MP is forecast to be at a low of $12.5 and a high of $24.
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 risen 35.16 percent over the past six months and at a -220.51% annual growth rate that is well below the industry average of 9.40%. MP Materials Corporation earnings are expected to increase by -210.96% in 2024, but the outlook is positive 15.79% per year for the next five years.
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.
