The closing price of MP Materials Corporation (NYSE: MP) was $14.27 for the day, down -8.11% from the previous closing price of $15.53. In other words, the price has decreased by -$1.26 from its previous closing price. On the day, 29398693 shares were traded. MP stock price reached its highest trading level at $15.72 during the session, while it also had its lowest trading level at $14.04.
Ratios:
Our analysis of MP’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 9.54 and its Current Ratio is at 10.42. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.50.
On August 31, 2023, JP Morgan started tracking the stock assigning a Overweight rating and target price of $27.
Northland Capital Downgraded its Outperform to Market Perform on April 18, 2023, while the target price for the stock was maintained at $32.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 31 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. The Chief Operating Officer now owns 121,622 shares after completing the transaction at $21.14 per share. On May 26, 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 2.54B and an Enterprise Value of 2.23B. As of this moment, MP’s Price-to-Earnings (P/E) ratio for their current fiscal year is 119.41, and their Forward P/E ratio for the next fiscal year is 7.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.03 while its Price-to-Book (P/B) ratio in mrq is 1.86. Its current Enterprise Value per Revenue stands at 8.81 whereas that against EBITDA is 23.74.
Stock Price History:
Over the past 52 weeks, MP has reached a high of $34.15, while it has fallen to a 52-week low of $14.32. The 50-Day Moving Average of the stock is 16.98, while the 200-Day Moving Average is calculated to be 19.33.
Shares Statistics:
MP traded an average of 2.80M shares per day over the past three months and 2.94M shares per day over the past ten days. A total of 178.08M shares are outstanding, with a floating share count of 142.70M. Insiders hold about 19.86% of the company’s shares, while institutions hold 53.81% stake in the company. Shares short for MP as of Feb 15, 2024 were 17.62M with a Short Ratio of 6.29, compared to 14.72M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.89% and a Short% of Float of 19.70%.
Earnings Estimates
The firm’s stock currently is rated by 4 analysts. On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of $0.03 and a low estimate of -$0.09, while EPS last year was $0.27. The consensus estimate for the next quarter is $0.02, with high estimates of $0.05 and low estimates of -$0.04.
Analysts are recommending an EPS of between $0.26 and $0.17 for the fiscal current year, implying an average EPS of $0.21. EPS for the following year is $0.61, with 4 analysts recommending between $0.79 and $0.38.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $52.13M to a low estimate of $48M. As of the current estimate, MP Materials Corporation’s year-ago sales were $95.7M, an estimated decrease of -47.30% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $58.88M, a decrease of -8.00% over than the figure of -$47.30% in the same quarter last year. There is a high estimate of $63.2M for the next quarter, whereas the lowest estimate is $56.45M.
A total of 6 analysts have provided revenue estimates for MP’s current fiscal year. The highest revenue estimate was $301.6M, while the lowest revenue estimate was $217.7M, resulting in an average revenue estimate of $266.77M. In the same quarter a year ago, actual revenue was $253.44M, up 5.30% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $507.98M in the next fiscal year. The high estimate is $578.5M and the low estimate is $423M. The average revenue growth estimate for next year is up 90.40% from the average revenue estimate for this year.
