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The price of MP Materials Corporation (NYSE: MP) closed at $17.00 in the last session, down -4.71% from day before closing price of $17.84. In other words, the price has decreased by -$4.71 from its previous closing price. On the day, 3.18 million shares were traded. MP stock price reached its highest trading level at $17.45 during the session, while it also had its lowest trading level at $16.84.
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, Robert W. Baird on September 27, 2024, Reiterated its Outperform rating but revised its target price to $25 from $20 previously.
On July 15, 2024, BMO Capital Markets started tracking the stock assigning a Market Perform rating and target price of $16.50.
JP Morgan Downgraded its Overweight to Neutral on April 23, 2024, whereas the target price for the stock was revised from $20 to $16.
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 2811511040 and an Enterprise Value of 2961486592. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.19 while its Price-to-Book (P/B) ratio in mrq is 2.53. Its current Enterprise Value per Revenue stands at 17.053 whereas that against EBITDA is -62.765.
Stock Price History:
Over the past 52 weeks, MP has reached a high of $20.85, while it has fallen to a 52-week low of $10.02. The 50-Day Moving Average of the stock is 23.67%, while the 200-Day Moving Average is calculated to be 11.53%.
Shares Statistics:
According to the various share statistics, MP traded on average about 3.29M shares per day over the past 3-months and 3790580 shares per day over the past 10 days. A total of 178.08M shares are outstanding, with a floating share count of 122.20M. Insiders hold about 26.11% of the company’s shares, while institutions hold 64.41% stake in the company. Shares short for MP as of 1726185600 were 26234565 with a Short Ratio of 7.98, compared to 1723680000 on 27462185. Therefore, it implies a Short% of Shares Outstanding of 26234565 and a Short% of Float of 18.14.
