In the latest trading session,, 1.46 million MP Materials Corporation (NYSE:MP) shares changed hands as the company’s beta touched 2.12. With the company’s most recent per share price at $21.90 changed hands at -$0.04 or -0.21% at last look, the market valuation stands at $3.58B. MP’s current price is a discount, trading about -24.61% off its 52-week high of $27.29. The share price had its 52-week low at $10.02, which suggests the last value was 54.25% up since then. When we look at MP Materials Corporation’s average trading volume, we note the 10-day average is 3.81 million shares, with the 3-month average coming to 3.30 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 -0.11.
MP Materials Corporation (NYSE:MP) trade information
Instantly MP was in red as seen in intraday trades today. With action -12.98%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 40.35%, with the 5-day performance at -12.98% in the red. However, in the 30-day time frame, MP Materials Corporation (NYSE:MP) is -8.81% down. Looking at the short shares, we see there were 20.8 million shares sold at short interest cover period of 6.64 days.
The consensus price target for the stock as assigned by Wall Street analysts is 21.25, meaning bulls need a downside of -3.06% from its recent market value. According to analyst projections, MP’s forecast low is 19.5 with 23 as the target high. To hit the forecast high, the stock’s price needs a -5.02% plunge from its current level, while the stock would need to tank 10.96% for it to hit the projected low.
MP Materials Corporation (MP) estimates and forecasts
Year-over-year growth is forecast to reach 63.40% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 64.8M. 7 analysts are of the opinion that MP Materials Corporation’s revenue for the current quarter will be 70.34M. The company’s revenue for the corresponding quarters a year ago was 48.68M and 31.26M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 33.10%. The estimates for the next quarter sales put growth at 125.03%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -41.29%. The 2025 estimates are for MP Materials Corporation earnings to increase by 44.24%.
MP Materials Corporation (NYSE:MP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 18.79% of MP Materials Corporation shares while 76.10% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 93.71%. There are 76.10% institutions holding the MP Materials Corporation stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 7.3006% of the shares, roughly 12.07 million MP shares worth $153.67 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 7.0759% or 12.35 million shares worth $157.23 million as of 2024-06-30.
Among Mutual Funds, the top two as of Feb 28, 2025 were iShares Trust-iShares Core S&P Small-Cap ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . With 7.7 shares estimated at $167.16 million under it, the former controlled 4.71% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held about 2.23% of the shares, roughly 3.65 shares worth around $79.28 million.
