In the last trading session, 2.82 million shares of the MP Materials Corporation (NYSE:MP) were traded, and its beta was 2.26. Most recently the company’s share price was $26.93, and it changed around $0.47 or 1.78% from the last close, which brings the market valuation of the company to $4.40B. MP currently trades at a discount to its 52-week high of $27.29, offering almost -1.34% off that amount. The share price’s 52-week low was $10.02, which indicates that the current value has risen by an impressive 62.79% since then. We note from MP Materials Corporation’s average daily trading volume that its 10-day average is 3.45 million shares, with the 3-month average coming to 3.26 million.
MP Materials Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 1.64. 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 -0.1 for the current quarter.
MP Materials Corporation (NYSE:MP) trade information
Instantly MP has showed a green trend with a performance of 1.78% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 27.29 on recent trading dayincreased the stock’s daily price by 1.32%. The company’s shares are currently up 72.63% year-to-date, but still up 0.37% over the last five days. On the other hand, MP Materials Corporation (NYSE:MP) is 10.96% up in the 30-day period. We can see from the shorts that 20.8 million shares have been sold at a short interest cover period of 6.64 day(s).
The consensus price target as assigned by Wall Street analysts is $23, which translates to bulls needing to decrease their stock price by -17.09% from its current value. Analyst projections state that MP is forecast to be at a low of $19.5 and a high of $23.
MP Materials Corporation (MP) estimates and forecasts
The year-over-year growth rate is expected to be 62.73%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 64.74M in revenue for the current quarter. 7 analysts expect MP Materials Corporation to make 72.49M 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 32.97%. Forecasts for the next quarter put sales growth at 131.91%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -41.29%.
MP Dividends
MP Materials Corporation’s next quarterly earnings report is expected to be released on 2025-Feb-19.
MP Materials Corporation (NYSE:MP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 18.79% of MP Materials Corporation shares, and 76.09% of them are in the hands of institutional investors. The stock currently has a share float of 93.69%. MP Materials Corporation stock is held by 517.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 7.3006% of the shares, which is about 12.07 million shares worth $153.67 million.
VANGUARD GROUP INC, with 7.0759% or 12.35 million shares worth $157.23 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Small-Cap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Feb 28, 2025 . The former held 7.7 shares worth $207.3 million, making up 4.71% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 3.65 shares worth around $98.32 million, which represents about 2.23% of the total shares outstanding.
