MP Materials Corporation (NYSE:MP)’s traded shares stood at 0.84 million during the latest session, with the company’s beta value hitting 2.22. At the last check today, the stock’s price was $25.39, to imply a decrease of -3.28% or -$0.86 in intraday trading. The MP share’s 52-week high remains $27.29, putting it -7.48% down since that peak but still an impressive 60.54% since price per share fell to its 52-week low of $10.02. The company has a valuation of $4.15B, with an average of 3.4 million shares in intraday trading volume over the past 10 days and average of 3.20 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.
MP Materials Corporation (NYSE:MP) trade information
After registering a -3.28% 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 -5.37%, and 9.53% over 30 days. With these gigs, the year-to-date price performance is 62.76%. Short interest in MP Materials Corporation (NYSE:MP) saw shorts transact 19.47 million shares and set a 5.83 days time to cover.
The extremes give us $19.5 and $23 for target low and target high price respectively. As such, MP has been trading 9.41% off suggested target high and 23.2% from its likely low.
MP Materials Corporation (MP) estimates and forecasts
The rating firms project that company’s revenue will grow 62.73% compared to the previous financial year. Revenue forecast for the current quarter as set by 7 analysts is 64.74M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 72.49M.Earnings reports from the last fiscal year show that sales brought in 48.68M and 31.26M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 32.97% before jumping 131.91% in the following quarter.
MP Dividends
MP Materials Corporation has its next earnings report out on 2025-Feb-19. 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
MP Materials Corporation insiders hold 18.79% of total outstanding shares, with institutional holders owning 76.09% of the shares at 93.69% float percentage. In total, 76.09% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 12.35 million shares (or 7.0759% of shares), all amounting to roughly $157.23 million.
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.
We also have iShares Core S&P Small-Cap ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the MP Materials Corporation (MP) shares. Going by data provided on Jan 31, 2025, iShares Core S&P Small-Cap ETF holds roughly 7.77 shares. This is just over 4.75% of the total shares, with a market valuation of $196.89 million. Data from the same date shows that the other fund manager holds a little less at 3.65, or 2.23% of the shares, all valued at about 92.55 million.
