As of Friday close, MP Materials Corp.’s (NYSE:MP) stock was up $0.07, moving up 0.35 percent to $19.87. The average number of shares traded per day over the past five days has been 2,939,300 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.70 fall in that time frame. In the last twenty days, the average volume was 2,964,915, while in the previous 50 days, it was 2,703,072.
Since last month, MP stock retreated -2.65%. Shares of the company fell to $19.18 on 08/25/23, the lowest level in the past month. A 52-week high of $36.67 was reached on 03/01/23 after having rallying from a 52-week low of $19.18. Since the beginning of this year, MP’s stock price has dropped by -18.16% or -$4.41, and marked a new high 19 times. However, the stock has declined by -45.81% since its 52-week high.
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MP stock investors should be aware that MP Materials Corp. (MP) stock had its last reported insider trading activity 115 days ago on May 31. Rosenthal Michael Stuart, the Chief Operating Officer of the company, purchased of 5,000 shares for $20.69 on May 31. It resulted in a $103,450 investment by the insider. Rosenthal Michael Stuart added 6,000 shares at an average price of $21.14 on May 30. The insider now owns 121,622 shares following the transaction. On May 26, Chief Operating Officer Rosenthal Michael Stuart bought 7,000 shares at $21.63 apiece. The transaction was valued at $151,410.
Valuation Metrics
Right now, MP Materials Corp. (MP) has a P/E ratio of about 21.46. The stock’s beta is 2.64. Besides these, the trailing price-to-sales (P/S) ratio of 9.37, the price-to-book (PB) ratio of 2.58.
Financial Health
In the three months ended June 29, MP Materials Corp.’s quick ratio stood at 15.30, while its current ratio was 16.20, 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 June 29 was 0.50, and the total debt-to-equity ratio was 0.50. On the profitability front, the trailing twelve-month gross margin is 75.10% percent. In the year ended June 29, EBITDA margin amounted to 65.90%, whereas operating margins totaled 39.70%. Based on annual data, MP earned $435.29 million in gross profit and brought in $527.51 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 13.80%. Return on equity (ROE) for the past 12 months was 13.30%.
In MP Materials Corp.’s quarter-end financial report for June 29, it reported total debt of $680.21 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MP’s revenue fell -124.24% to $95.7 million during the quarter, while net income inched up to $64.02 million. While analysts expected MP Materials Corp. to report $0.06 quarterly earnings, the actual figure was $0.09 per share. During the quarter, the company generated $12.69 million in EBITDA. The liabilities of MP Materials Corp. were 924.51 million at the end of its most recent quarter ended June 29, and its total debt was $693.94 million. The value of shareholders’ equity is $177.65 million.
Technical Picture
This quick technical analysis looks at MP Materials Corp.’s (MP) price momentum. With a historical volatility rate of 48.71%, the RSI 9-day stood at 33.45% on 22 September.
With respect to its five-day moving average, the current MP Materials Corp. price is down by -11.96% percent or -$2.70. At present, MP shares trade +0.97% above its 20-day simple moving average and -7.84% percent below its 100-day simple moving average. However, the stock is currently trading approximately -23.22% below its SMA50 and -38.86% below its SMA200.
Stochastic coefficient K was 7.27% and Stochastic coefficient D was 22.52%, while ATR was 0.77. Given the Stochastic reading of 10.63% for the 14-day period, the RSI (14) reading has been calculated as 37.20%. As of today, the MACD Oscillator reading stands at -1.11, while the 14-day reading stands at -1.31.
Analyst Ratings
Northland Capital upgraded its rating on MP Materials Corp. (NYSE: MP) to an Outperform in a note to investors on September 06, 2023. The analysts firm previously had a Market perform 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 11 recommending it as overweight.
With a median target price of $32.00, the current consensus forecast for the stock is $24.00 – $56.00. Based on these forecasts, analysts predict MP Materials Corp. (MP) will achieve an average price target of $33.83.
