The closing price of MP Materials Corporation (NYSE: MP) was $15.03 for the day, up 2.45% from the previous closing price of $14.67. In other words, the price has increased by $+0.36 from its previous closing price. On the day, 3187740 shares were traded.
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.
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, Morgan Stanley on March 13, 2024, Downgraded its rating to Equal-Weight and sets its target price to $15.50 from $26 previously.
On August 31, 2023, JP Morgan started tracking the stock assigning a Overweight rating and target price of $27.JP Morgan initiated its Overweight rating on August 31, 2023, with a $27 target price.
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 ’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 2.43B and an Enterprise Value of 2.12B. As of this moment, MP’s Price-to-Earnings (P/E) ratio for their current fiscal year is 125.77, and their Forward P/E ratio for the next fiscal year is 27.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.56 while its Price-to-Book (P/B) ratio in mrq is 1.96. Its current Enterprise Value per Revenue stands at 8.38 whereas that against EBITDA is 22.58.
Stock Price History:
Over the past 52 weeks, MP has reached a high of $28.75, while it has fallen to a 52-week low of $12.68. The 50-Day Moving Average of the stock is 15.29, while the 200-Day Moving Average is calculated to be 18.52.
Shares Statistics:
MP traded an average of 3.44M shares per day over the past three months and 3.23M shares per day over the past ten days. A total of 178.08M shares are outstanding, with a floating share count of 142.71M. Insiders hold about 19.86% of the company’s shares, while institutions hold 53.59% stake in the company. Shares short for MP as of Mar 15, 2024 were 27.74M with a Short Ratio of 8.07, compared to 17.62M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 16.73% and a Short% of Float of 35.97%.
Earnings Estimates
The firm’s stock currently is rated by 6 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, with high estimates of $0.05 and low estimates of -$0.1.
Analysts are recommending an EPS of between $0.27 and $0.01 for the fiscal current year, implying an average EPS of $0.15. EPS for the following year is $0.66, with 6 analysts recommending between $0.81 and $0.38.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $55.01M 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 -46.10% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $60.04M, a decrease of -6.20% over than the figure of -$46.10% in the same quarter last year. There is a high estimate of $63.51M for the next quarter, whereas the lowest estimate is $56.45M.
A total of 9 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 $262.29M. In the same quarter a year ago, actual revenue was $253.44M, up 3.50% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $481.7M in the next fiscal year. The high estimate is $638.8M and the low estimate is $385.46M. The average revenue growth estimate for next year is up 83.70% from the average revenue estimate for this year.
