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As of close of business last night, MP Materials Corporation’s stock clocked out at $13.80, up 0.07% from its previous closing price of $13.79. In other words, the price has increased by $0.07 from its previous closing price. On the day, 2.46 million shares were traded. MP stock price reached its highest trading level at $14.1282 during the session, while it also had its lowest trading level at $13.67.
Ratios:
To gain a deeper understanding of MP’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future 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 2282285568 and an Enterprise Value of 2293337856. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.14 while its Price-to-Book (P/B) ratio in mrq is 2.06. Its current Enterprise Value per Revenue stands at 13.206 whereas that against EBITDA is -48.604.
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 4.67%, while the 200-Day Moving Average is calculated to be -9.91%.
Shares Statistics:
It appears that MP traded 2.94M shares on average per day over the past three months and 3159570 shares per day over the past ten days. A total of 178.08M shares are outstanding, with a floating share count of 122.20M. Insiders hold about 26.12% of the company’s shares, while institutions hold 65.19% stake in the company. Shares short for MP as of 1724976000 were 28268088 with a Short Ratio of 9.61, compared to 1722384000 on 25385495. Therefore, it implies a Short% of Shares Outstanding of 28268088 and a Short% of Float of 19.549999.
