Market Resilience: MP Materials Corporation (MP) Finishes Strong/Weak at 16.131, Down -1.16

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MP Materials Corporation (NYSE: MP) closed the day trading at $16.13 down -1.16% from the previous closing price of $16.32. In other words, the price has decreased by -$1.16 from its previous closing price. On the day, 3.93 million shares were traded. MP stock price reached its highest trading level at $16.53 during the session, while it also had its lowest trading level at $16.0.

Ratios:

For a better understanding of MP, let’s look at 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 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:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 31 ’23 when Rosenthal Michael Stuart bought 5,000 shares for $20.69 per share. The transaction valued at 103,450 led to the insider holds 126,622 shares of the business.

Rosenthal Michael Stuart bought 6,000 shares of MP for $126,840 on May 30 ’23. The Chief Operating Officer now owns 121,622 shares after completing the transaction at $21.14 per share. On May 26 ’23, another insider, Rosenthal Michael Stuart, who serves as the Chief Operating Officer of the company, bought 7,000 shares for $21.63 each. As a result, the insider paid 151,410 and bolstered with 115,622 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 2666562816 and an Enterprise Value of 2667438336. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.92 while its Price-to-Book (P/B) ratio in mrq is 2.34. Its current Enterprise Value per Revenue stands at 12.922 whereas that against EBITDA is 467.89.

Stock Price History:

The Beta on a monthly basis for MP is 2.30, which has changed by -0.260431 over the last 52 weeks, in comparison to a change of 0.26265144 over the same period for the S&P500. 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 5.15%, while the 200-Day Moving Average is calculated to be -8.09%.

Shares Statistics:

Over the past 3-months, MP traded about 3.95M shares per day on average, while over the past 10 days, MP traded about 3060650 shares per day. A total of 178.08M shares are outstanding, with a floating share count of 124.37M. Insiders hold about 24.77% of the company’s shares, while institutions hold 58.87% stake in the company. Shares short for MP as of 1714435200 were 28477071 with a Short Ratio of 7.22, compared to 1711584000 on 28343658. Therefore, it implies a Short% of Shares Outstanding of 28477071 and a Short% of Float of 19.700001.

Earnings Estimates

The firm’s stock currently is rated by 6.0 analysts. On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of $0.02 and a low estimate of -$0.11, while EPS last year was $0.09. The consensus estimate for the next quarter is -$0.04, with high estimates of $0.04 and low estimates of -$0.09.

Analysts are recommending an EPS of between $0.09 and -$0.33 for the fiscal current year, implying an average EPS of -$0.1. EPS for the following year is $0.33, with 6.0 analysts recommending between $0.79 and $0.07.

Revenue Estimates

5 analysts predict $43.81M in revenue for the current quarter. It ranges from a high estimate of $56.45M 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, 5 analysts are estimating revenue of $49.39M. There is a high estimate of $69.16M for the next quarter, whereas the lowest estimate is $34.8M.

A total of 6 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 $209.14M. In the same quarter a year ago, actual revenue was $253.44MBased on 5 analysts’ estimates, the company’s revenue will be $456.42M in the next fiscal year. The high estimate is $648.1M and the low estimate is $292M.

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