MP Materials Corporation [NYSE: MP] surged by $1.77 during the normal trading session on while it closed the day at $16.00.
MP Materials Corporation stock has also gained 12.60% of its value over the past 7 days. However, MP stock has inclined by 30.29% in the 3 months of the year. Over the past six months meanwhile, it has gained 15.77% and lost -19.40% year-on date.
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The market cap for MP stock reached $2.65 billion, with 178.08 million shares outstanding and 122.20 million shares in the current float. Compared to the average trading volume of 3.17M shares, MP reached a trading volume of 8486732 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about MP Materials Corporation [MP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MP shares is $19.55 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 1.75. 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.
BMO Capital Markets have made an estimate for MP Materials Corporation shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on July 15, 2024. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $20 to $16. The new note on the price target was released on April 23, 2024, representing the official price target for MP Materials Corporation stock. Previously, the target price had yet another drop from $26 to $15.50, while Morgan Stanley kept a Equal-Weight rating on MP stock.
The Average True Range (ATR) for MP Materials Corporation is set at 0.74, with the Price to Sales ratio for MP stock in the period of the last 12 months amounting to 15.24. The Price to Book ratio for the last quarter was 2.39, with the Price to Cash per share for the same quarter was set at 5.67.
MP stock trade performance evaluation
MP Materials Corporation [MP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.60. With this latest performance, MP shares gained by 23.55% in over the last four-week period, additionally plugging by 15.77% over the last 6 months – not to mention a drop of -19.48% 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 73.91, with the RSI for the last a single of trading hit 81.27, and the three-weeks RSI is set at 67.65 for MP Materials Corporation [MP]. The present Moving Average for the last 50 days of trading for this stock 13.14, while it was recorded at 14.49 for the last single week of trading, and 15.24 for the last 200 days.
MP Materials Corporation [MP]: An insightful look at the core fundamentals
MP Materials Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.17 and a Current Ratio set at 6.90.
Earnings per share (EPS) analysis for MP Materials Corporation [MP] stock
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 Corporation go to 35.20%.
MP Materials Corporation [MP]: Institutional Ownership
The top three institutional holders of MP stocks are: VANGUARD GROUP INC with ownership of 12.35 million shares, which is approximately 7.0759%. BLACKROCK INC., holding 12.07 million shares of the stock with an approximate value of $$153.67 million in MP stocks shares; and BLACKROCK INC., currently with $$99.47 million in MP stock with ownership which is approximately 4.4765%.
