MP Materials Corp. [NYSE: MP] traded at a low on 07/26/22, posting a -3.02 loss after which it closed the day’ session at $30.23. The company report on July 22, 2022 that MP Materials Set to Join S&P MidCap 400.
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MP Materials Corp. (NYSE:MP) will replace Sanderson Farms Inc. (NASD:SAFM) in the S&P MidCap 400 effective prior to the opening of trading on Wednesday, July 27. Cargill and Continental Grain acquired Sanderson Farms in a deal that closed today.
Following is a summary of the change that will take place prior to the open of trading on the effective date:.
The results of the trading session contributed to over 15124768 shares changing hands. Over the past one week, the price volatility of MP Materials Corp. stands at 5.45% while the volatility over the past one month is 5.16%.
The market cap for MP stock reached $5.59 billion, with 176.36 million shares outstanding and 144.96 million shares in the current float. Compared to the average trading volume of 2.69M shares, MP reached a trading volume of 15124768 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about MP Materials Corp. [MP]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MP shares is $47.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MP stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Canaccord Genuity have made an estimate for MP Materials Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 13, 2022. While these analysts kept the previous recommendation, Northland Capital raised their target price to Outperform. The new note on the price target was released on June 06, 2022, representing the official price target for MP Materials Corp. stock. Previously, the target price had yet another raise to $50, while BMO Capital Markets analysts kept a Outperform rating on MP stock.
The Average True Range (ATR) for MP Materials Corp. is set at 1.82, with the Price to Sales ratio for MP stock in the period of the last 12 months amounting to 12.76. The Price to Book ratio for the last quarter was 4.89, with the Price to Cash per share for the same quarter was set at 6.67. Price to Free Cash Flow for MP in the course of the last twelve months was 103.38 with Quick ratio for the last quarter at 24.80.
How has MP stock performed recently?
MP Materials Corp. [MP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.48. With this latest performance, MP shares dropped by -15.37% in over the last four-week period, additionally sinking by -24.59% over the last 6 months – not to mention a drop of -15.44% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MP stock in for the last two-week period is set at 44.93, with the RSI for the last a single of trading hit 48.08, and the three-weeks RSI is set at 43.62 for MP Materials Corp. [MP]. The present Moving Average for the last 50 days of trading for this stock 34.47, while it was recorded at 29.92 for the last single week of trading, and 40.55 for the last 200 days.
MP Materials Corp. [MP]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and MP Materials Corp. [MP] shares currently have an operating margin of +50.28 and a Gross Margin at +68.97. MP Materials Corp.’s Net Margin is presently recorded at +40.68.
Return on Equity for this stock inclined to 14.50, with Return on Assets sitting at 8.90.
MP Materials Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 24.80 and a Current Ratio set at 25.50.
Earnings analysis for MP Materials Corp. [MP]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for MP Materials Corp. go to 33.76%.
Insider trade positions for MP Materials Corp. [MP]
There are presently around $3,832 million, or 69.50% of MP stock, in the hands of institutional investors. The top three institutional holders of MP stocks are: JHL CAPITAL GROUP LLC with ownership of 38,177,064, which is approximately -8.944% of the company’s market cap and around 1.60% of the total institutional ownership; QVT FINANCIAL LP, holding 16,973,834 shares of the stock with an approximate value of $529.07 million in MP stocks shares; and VANGUARD GROUP INC, currently with $250.53 million in MP stock with ownership of nearly 0.122% of the company’s market capitalization.
Positions in MP Materials Corp. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 219 institutional holders increased their position in MP Materials Corp. [NYSE:MP] by around 14,846,617 shares. Additionally, 177 investors decreased positions by around 12,187,313 shares, while 50 investors held positions by with 95,911,787 shares. The mentioned changes placed institutional holdings at 122,945,717 shares, according to the latest SEC report filing. MP stock had 102 new institutional investments in for a total of 3,672,451 shares, while 59 institutional investors sold positions of 1,460,038 shares during the same period.