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As of close of business last night, MP Materials Corporation’s stock clocked out at $14.29, down -1.24% from its previous closing price of $14.47. In other words, the price has decreased by -$1.24 from its previous closing price. On the day, 1.93 million shares were traded. MP stock price reached its highest trading level at $14.33 during the session, while it also had its lowest trading level at $14.02.
Ratios:
To gain a deeper understanding of MP’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.28 and its Current Ratio is at 10.29. In the meantime, Its Debt-to-Equity ratio is 0.83 whereas as Long-Term Debt/Eq ratio is at 0.83.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BMO Capital Markets on July 15, 2024, initiated with a Market Perform rating and assigned the stock a target price of $16.50.
On April 23, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $20 to $16.
Morgan Stanley Downgraded its Overweight to Equal-Weight on March 13, 2024, whereas the target price for the stock was revised from $26 to $15.50.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 28 ’24 when Corbett Ryan sold 50,000 shares for $16.93 per share. The transaction valued at 846,500 led to the insider holds 325,021 shares of the business.
McKnight Andrew A. sold 317,750 shares of MP for $5,741,742 on May 16 ’24. The Director now owns 86,000 shares after completing the transaction at $18.07 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MP now has a Market Capitalization of 2362379776 and an Enterprise Value of 2363255296. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.44 while its Price-to-Book (P/B) ratio in mrq is 2.08. Its current Enterprise Value per Revenue stands at 11.448 whereas that against EBITDA is 414.533.
Stock Price History:
Over the past 52 weeks, MP has reached a high of $24.80, while it has fallen to a 52-week low of $12.09. The 50-Day Moving Average of the stock is -6.02%, while the 200-Day Moving Average is calculated to be -11.16%.
Shares Statistics:
It appears that MP traded 3.00M shares on average per day over the past three months and 2167870 shares per day over the past ten days. A total of 178.08M shares are outstanding, with a floating share count of 122.57M. Insiders hold about 25.86% of the company’s shares, while institutions hold 63.87% stake in the company. Shares short for MP as of 1719532800 were 28145597 with a Short Ratio of 9.37, compared to 1717113600 on 28013703. Therefore, it implies a Short% of Shares Outstanding of 28145597 and a Short% of Float of 19.469998999999998.
