An Insider Bought 15,200 Shares Of MP Materials Corp. (MP)

As of Friday close, MP Materials Corp.’s (NYSE:MP) stock was up $1.4, moving up 4.11 percent to $35.48. The average number of shares traded per day over the past five days has been 3,566,260 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.21 fall in that time frame. In the last twenty days, the average volume was 2,996,395, while in the previous 50 days, it was 3,106,408.


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Since last month, MP stock retreated -31.00%. Shares of the company fell to $32.63 on 05/12/22, the lowest level in the past month. A 52-week high of $60.19 was reached on 03/30/22 after having rallying from a 52-week low of $23.18. Since the beginning of this year, MP’s stock price has dropped by -21.88% or -$9.94, and marked a new high 6 times. However, the stock has declined by -41.05% since its 52-week high.

MP Materials Corp. (MP) last reported insider trading activity 5 days ago on May 09. DUCKWORTH CONNIE K, the Director of the company, purchased of 15,200 shares for $38.37 on May 09. It resulted in a $583,224 investment by the insider. Gold Daniel Allen sold 400,000 shares at an average price of $43.87 on Mar 17. The insider now owns 1,408,108 shares following the transaction. On Mar 17, Director by Deputization QVT Financial LP sold 400,000 shares at $43.87 apiece. The transaction was valued at $17,548,000.

Valuation Metrics

Right now, MP Materials Corp. (MP) has a P/E ratio of about 50.33. Besides these, the trailing price-to-sales (P/S) ratio of 20.01, the price-to-book (PB) ratio of 6.19.

Financial Health

In the three months ended September 29, MP Materials Corp.’s quick ratio stood at 20.80, while its current ratio was 21.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.67, and the total debt-to-equity ratio was 0.69. On the profitability front, the trailing twelve-month gross margin is 77.00% percent. In the year ended September 29, operating margins totaled 23.20%. Based on annual data, MP earned $255.7 million in gross profit and brought in $331.95 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.20%. Return on equity (ROE) for the past 12 months was 7.20%.

In MP Materials Corp.’s quarter-end financial report for September 29, it reported total debt of $675.8 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MP’s revenue rose 63.93% to $99.11 million during the quarter, while net income inched up to $166.26 million. While analysts expected MP Materials Corp. to report $0.16 quarterly earnings, the actual figure was $0.27 per share, beating the consensus estimate by 68.80%. During the quarter, the company generated $120.28 million in EBITDA. The liabilities of MP Materials Corp. were 896.84 million at the end of its most recent quarter ended September 29, and its total debt was $701.84 million. The value of shareholders’ equity is $177.53 million.

Technical Picture

This quick technical analysis looks at MP Materials Corp.’s (MP) price momentum. With a historical volatility rate of 57.17%, the RSI 9-day stood at 33.42% on 13 May.

With respect to its five-day moving average, the current MP Materials Corp. price is down by -5.86% percent or -$2.21. At present, MP shares trade -27.70% below its 20-day simple moving average and -15.70% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.50% below its SMA50 and -6.85% below its SMA200.

Stochastic coefficient K was 16.69% and Stochastic coefficient D was 12.35%, while ATR was 3.06. Given the Stochastic reading of 31.46% for the 14-day period, the RSI (14) reading has been calculated as 34.93%. As of today, the MACD Oscillator reading stands at -2.71, while the 14-day reading stands at -3.22.

Analyst Ratings

The Benchmark Company upgraded its rating on MP Materials Corp. (NYSE: MP) to a Buy in a note to investors on February 09, 2022. The analysts firm previously had a Hold rating on the stock.MP Materials Corp. (MP) has been rated Buy by analysts. According to 0 brokerage firms, MP is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate MP Materials Corp. stock as buy, with 8 recommending it as overweight.

With a median target price of $54.00, the current consensus forecast for the stock is $42.00 – $58.00. Based on these forecasts, analysts predict MP Materials Corp. (MP) will achieve an average price target of $51.44.

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