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The price of MP Materials Corporation (NYSE: MP) closed at $13.18 in the last session, up 7.07% from day before closing price of $12.31. In other words, the price has increased by $7.07 from its previous closing price. On the day, 2.65 million shares were traded. MP stock price reached its highest trading level at $13.21 during the session, while it also had its lowest trading level at $12.56.
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 6.17 and its Current Ratio is at 6.90. In the meantime, Its Debt-to-Equity ratio is 0.85 whereas as Long-Term Debt/Eq ratio is at 0.85.
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:
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 Aug 06 ’24 when Rosenthal Michael Stuart bought 30,000 shares for $10.84 per share. The transaction valued at 325,200 led to the insider holds 1,402,975 shares of the business.
Corbett Ryan sold 50,000 shares of MP for $846,500 on May 28 ’24. The Chief Financial Officer now owns 325,021 shares after completing the transaction at $16.93 per share. On May 16 ’24, another insider, McKnight Andrew A., who serves as the Director of the company, sold 317,750 shares for $18.07 each. As a result, the insider received 5,741,742 and left with 86,000 shares of the company.
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 2179748096 and an Enterprise Value of 2190800384. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.55 while its Price-to-Book (P/B) ratio in mrq is 1.96. Its current Enterprise Value per Revenue stands at 12.615 whereas that against EBITDA is -46.431.
Stock Price History:
Over the past 52 weeks, MP has reached a high of $22.81, while it has fallen to a 52-week low of $10.02. The 50-Day Moving Average of the stock is -0.65%, while the 200-Day Moving Average is calculated to be -15.13%.
Shares Statistics:
According to the various share statistics, MP traded on average about 2.87M shares per day over the past 3-months and 2340910 shares per day over the past 10 days. A total of 178.08M shares are outstanding, with a floating share count of 122.05M. Insiders hold about 26.20% of the company’s shares, while institutions hold 65.28% stake in the company. Shares short for MP as of 1722384000 were 25385495 with a Short Ratio of 8.86, compared to 1719532800 on 28145597. Therefore, it implies a Short% of Shares Outstanding of 25385495 and a Short% of Float of 17.559999.
