In the latest trading session, 0.78 million MP Materials Corporation (NYSE:MP) shares changed hands as the company’s beta touched 2.27. With the company’s most recent per share price at $20.66 changing hands around $1.27 or 6.53% at last look, the market valuation stands at $3.37B. MP’s current price is a discount, trading about -16.21% off its 52-week high of $24.01. The share price had its 52-week low at $10.02, which suggests the last value was 51.5% up since then. When we look at MP Materials Corporation’s average trading volume, we note the 10-day average is 3.41 million shares, with the 3-month average coming to 2.83 million.
Analysts gave the MP Materials Corporation (MP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.75. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended MP as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. MP Materials Corporation’s EPS for the current quarter is expected to be -0.09.
MP Materials Corporation (NYSE:MP) trade information
Instantly MP is in green as seen in intraday trades today. With action 0.37%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 32.41%, with the 5-day performance at 0.37% in the green. However, in the 30-day time frame, MP Materials Corporation (NYSE:MP) is 5.39% up. Looking at the short shares, we see there were 21.4 million shares sold at short interest cover period of 6.39 days.
The consensus price target for the stock as assigned by Wall Street analysts is 21.25, meaning bulls need an upside of 2.78% from its recent market value. According to analyst projections, MP’s forecast low is 12.5 with 24 as the target high. To hit the forecast high, the stock’s price needs a -16.17% plunge from its current level, while the stock would need to tank 39.5% for it to hit the projected low.
MP Materials Corporation (MP) estimates and forecasts
Data shows that the MP Materials Corporation share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 35.18% over the past 6 months, a -220.51% in annual growth rate that is considerably lower than the industry average of 9.50%. Year-over-year growth is forecast to reach -23.05% down from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 50.13M. 3 analysts are of the opinion that MP Materials Corporation’s revenue for the current quarter will be 67.44M. The company’s revenue for the corresponding quarters a year ago was 41.2M and 48.68M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 21.66%. The estimates for the next quarter sales put growth at 38.52%.
The 2025 estimates are for MP Materials Corporation earnings to decrease by -210.02%, but the outlook for the next 5-year period is at 15.79% per year.
MP Materials Corporation (NYSE:MP)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.9153% or 12.07 million shares worth $153.67 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. With 7.8 shares estimated at $161.9 million under it, the former controlled 4.78% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.26% of the shares, roughly 3.69 shares worth around $76.52 million.
