Market Recap Check: MP Materials Corporation (MP)’s Negative Finish at 13.64, Up/Down -3.06

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The price of MP Materials Corporation (NYSE: MP) closed at $13.64 in the last session, down -3.06% from day before closing price of $14.07. In other words, the price has decreased by -$3.06 from its previous closing price. On the day, 3.29 million shares were traded. MP stock price reached its highest trading level at $14.16 during the session, while it also had its lowest trading level at $13.62.

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 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 the company, JP Morgan on April 23, 2024, Downgraded its rating to Neutral and sets its target price to $16 from $20 previously.

On March 13, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $26 to $15.50.

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 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 2254923776 and an Enterprise Value of 2255799296. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.92 while its Price-to-Book (P/B) ratio in mrq is 1.98. Its current Enterprise Value per Revenue stands at 10.928 whereas that against EBITDA is 395.685.

Stock Price History:

Over the past 52 weeks, MP has reached a high of $26.53, while it has fallen to a 52-week low of $12.68. The 50-Day Moving Average of the stock is -16.09%, while the 200-Day Moving Average is calculated to be -19.13%.

Shares Statistics:

According to the various share statistics, MP traded on average about 3.45M shares per day over the past 3-months and 2538750 shares per day over the past 10 days. A total of 178.08M shares are outstanding, with a floating share count of 122.60M. Insiders hold about 25.84% of the company’s shares, while institutions hold 64.21% stake in the company. Shares short for MP as of 1715731200 were 28401236 with a Short Ratio of 8.12, compared to 1713139200 on 30983108. Therefore, it implies a Short% of Shares Outstanding of 28401236 and a Short% of Float of 19.650000000000002.

Earnings Estimates

Investors are eagerly awaiting the insights provided by 9.0 analysts currently analyzing and rating the stock of MP Materials Corporation (MP).On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.13, while EPS last year was $0.09. The consensus estimate for the next quarter is -$0.04, with high estimates of $0.07 and low estimates of -$0.09.

Analysts are recommending an EPS of between $0.09 and -$0.19 for the fiscal current year, implying an average EPS of -$0.08. EPS for the following year is $0.34, with 9.0 analysts recommending between $0.79 and $0.07.

Revenue Estimates

According to 7 analysts, the current quarter’s revenue is expected to be $42.75M. It ranges from a high estimate of $56.17M to a low estimate of $30.8M. As of the current estimate, MP Materials Corporation’s year-ago sales were $64.02MFor the next quarter, 7 analysts are estimating revenue of $50.36M. There is a high estimate of $71.38M for the next quarter, whereas the lowest estimate is $34.8M.

A total of 9 analysts have provided revenue estimates for MP’s current fiscal year. The highest revenue estimate was $269.7M, while the lowest revenue estimate was $151.9M, resulting in an average revenue estimate of $207.87M. In the same quarter a year ago, actual revenue was $253.44MBased on 8 analysts’ estimates, the company’s revenue will be $430.07M in the next fiscal year. The high estimate is $648.1M and the low estimate is $292M.

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