The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of MP Materials Corporation (NYSE: MP) was $16.10 for the day, up 4.48% from the previous closing price of $15.41. In other words, the price has increased by $4.48 from its previous closing price. On the day, 3.47 million shares were traded. MP stock price reached its highest trading level at $16.37 during the session, while it also had its lowest trading level at $15.55.
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 9.28 and its Current Ratio is at 10.29. In the meantime, Its Debt-to-Equity ratio is 0.83 whereas as Long-Term Debt/Eq ratio is at 0.83.
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, JP Morgan on April 23, 2024, Downgraded its rating to Neutral and sets its target price to $16 from $20 previously.
On March 13, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $26 to $15.50.
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 2661539328 and an Enterprise Value of 2662478848. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.89 while its Price-to-Book (P/B) ratio in mrq is 2.34. Its current Enterprise Value per Revenue stands at 12.898 whereas that against EBITDA is 467.02.
Stock Price History:
Over the past 52 weeks, MP has reached a high of $26.53, while it has fallen to a 52-week low of $12.68. The 50-Day Moving Average of the stock is 5.47%, while the 200-Day Moving Average is calculated to be -9.07%.
Shares Statistics:
MP traded an average of 3.88M shares per day over the past three months and 2765080 shares per day over the past ten days. A total of 178.08M shares are outstanding, with a floating share count of 133.97M. Insiders hold about 24.77% of the company’s shares, while institutions hold 54.70% stake in the company. Shares short for MP as of 1713139200 were 30983108 with a Short Ratio of 7.98, compared to 1710460800 on 27740651. Therefore, it implies a Short% of Shares Outstanding of 30983108 and a Short% of Float of 40.17.
