Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
As of close of business last night, MP Materials Corporation’s stock clocked out at $20.61, up 6.29% from its previous closing price of $19.39. In other words, the price has increased by $6.29 from its previous closing price. On the day, 3.0 million shares were traded. MP stock price reached its highest trading level at $21.27 during the session, while it also had its lowest trading level at $19.95.
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 6.13 and its Current Ratio is at 6.93. In the meantime, Its Debt-to-Equity ratio is 0.89 whereas as Long-Term Debt/Eq ratio is at 0.89.
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:
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 Dec 03 ’24 when Litinsky James H. sold 1,579,110 shares for $23.39 per share. The transaction valued at 36,934,246 led to the insider holds 16,029,299 shares of the business.
Litinsky James H. sold 234,667 shares of MP for $4,852,914 on Dec 02 ’24. The Chairman and CEO now owns 17,608,409 shares after completing the transaction at $20.68 per share. On Dec 03 ’24, another insider, JAMES HENRY LITINSKY REVOCABLE, who serves as the Director of the company, bought 1,200,000 shares for $20.81 each.
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 3363696640 and an Enterprise Value of 3446072832. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.27 while its Price-to-Book (P/B) ratio in mrq is 3.16. Its current Enterprise Value per Revenue stands at 18.721 whereas that against EBITDA is -47.408.
Stock Price History:
The Beta on a monthly basis for MP is 2.27, which has changed by 0.22257257 over the last 52 weeks, in comparison to a change of 0.22212577 over the same period for the S&P500. Over the past 52 weeks, MP has reached a high of $24.01, while it has fallen to a 52-week low of $10.02. The 50-Day Moving Average of the stock is 8.75%, while the 200-Day Moving Average is calculated to be 28.04%.
Shares Statistics:
It appears that MP traded 2.83M shares on average per day over the past three months and 3413900 shares per day over the past ten days. A total of 163.19M shares are outstanding, with a floating share count of 117.21M. Insiders hold about 28.18% of the company’s shares, while institutions hold 64.90% stake in the company. Shares short for MP as of 1735603200 were 21398113 with a Short Ratio of 7.57, compared to 1732838400 on 19854509. Therefore, it implies a Short% of Shares Outstanding of 21398113 and a Short% of Float of 15.020000999999999.
