In today’s recent session, 1.33 million shares of the MP Materials Corporation (NYSE:MP) have been traded, and its beta is 2.32. Most recently the company’s share price was $24.03, and it changed around $1.58 or 7.04% from the last close, which brings the market valuation of the company to $3.93B. MP at last check was trading at a discount to its 52-week high of $26.00, offering almost -8.2% off that amount. The share price’s 52-week low was $10.02, which indicates that the recent value has risen by an impressive 58.3% since then.
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. MP Materials Corporation is expected to report earnings per share of -0.09 for the current quarter.
MP Materials Corporation (NYSE:MP) trade information
Instantly MP has been showing a green trend so far today with a performance of 7.04% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 24.87 on recent trading dayincreased the stock’s daily price by 3.38%. The company’s shares are currently up 54.04% year-to-date, but still up 1.09% over the last five days. On the other hand, MP Materials Corporation (NYSE:MP) is 8.10% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $21.25, which translates to bulls needing to decrease their stock price by -13.08% from its current value. Analyst projections state that MP is forecast to be at a low of $16 and a high of $23.
MP Materials Corporation (MP) estimates and forecasts
The year-over-year growth rate is expected to be 58.36%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 63.59M in revenue for the current quarter. 5 analysts expect MP Materials Corporation to make 71.89M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 48.68M and 31.26M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 30.62%. Forecasts for the next quarter put sales growth at 129.98%. Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -41.29%.
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.
iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 7.8 shares worth $187.71 million, making up 4.77% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 3.69 shares worth around $88.76 million, which represents about 2.26% of the total shares outstanding.
