In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
The price of MP Materials Corporation (NYSE: MP) closed at $19.38 in the last session, down -5.83% from day before closing price of $20.58. In other words, the price has decreased by -$5.83 from its previous closing price. On the day, 2.66 million shares were traded. MP stock price reached its highest trading level at $20.25 during the session, while it also had its lowest trading level at $18.89.
Ratios:
We take a closer look at MP’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 6.13 and its Current Ratio is at 6.93. In the meantime, Its Debt-to-Equity ratio is 0.89 whereas as Long-Term Debt/Eq ratio is at 0.89.
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, Robert W. Baird on September 27, 2024, Reiterated its Outperform rating but revised its target price to $25 from $20 previously.
On July 15, 2024, BMO Capital Markets started tracking the stock assigning a Market Perform rating and target price of $16.50.
JP Morgan Downgraded its Overweight to Neutral on April 23, 2024, whereas the target price for the stock was revised from $20 to $16.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 03 ’24 when Litinsky James H. sold 1,579,110 shares for $23.39 per share. The transaction valued at 36,934,246 led to the insider holds 16,029,299 shares of the business.
Litinsky James H. sold 234,667 shares of MP for $4,852,914 on Dec 02 ’24. The Chairman and CEO now owns 17,608,409 shares after completing the transaction at $20.68 per share. On Dec 03 ’24, another insider, JAMES HENRY LITINSKY REVOCABLE, who serves as the Director of the company, bought 1,200,000 shares for $20.81 each.
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 3162951680 and an Enterprise Value of 3245328128. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.18 while its Price-to-Book (P/B) ratio in mrq is 2.97. Its current Enterprise Value per Revenue stands at 17.631 whereas that against EBITDA is -44.647.
Stock Price History:
Over the past 52 weeks, MP has reached a high of $24.01, while it has fallen to a 52-week low of $10.02. The 50-Day Moving Average of the stock is 2.76%, while the 200-Day Moving Average is calculated to be 21.26%.
Shares Statistics:
According to the various share statistics, MP traded on average about 2.82M shares per day over the past 3-months and 3301180 shares per day over the past 10 days. A total of 163.19M shares are outstanding, with a floating share count of 117.21M. Insiders hold about 28.18% of the company’s shares, while institutions hold 64.93% stake in the company. Shares short for MP as of 1734048000 were 21892947 with a Short Ratio of 7.77, compared to 1731628800 on 20705143. Therefore, it implies a Short% of Shares Outstanding of 21892947 and a Short% of Float of 15.370000000000001.
