MP Materials Corporation [NYSE: MP] stock went on an upward path that rose over 11.05% on Tuesday, amounting to a one-week price increase of more than 10.89%.
Over the last 12 months, MP stock rose by 36.75%. The one-year MP Materials Corporation stock forecast points to a potential downside of -6.74. The average equity rating for MP stock is currently 1.75, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $3.77 billion, with 163.19 million shares outstanding and 115.81 million shares in the current float. Compared to the average trading volume of 3.13M shares, MP stock reached a trading volume of 12770345 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $21.65 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.
Robert W. Baird have made an estimate for MP Materials Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 27, 2024. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price to Market Perform. The new note on the price target was released on July 15, 2024, representing the official price target for MP Materials Corporation stock. Previously, the target price had yet another drop from $20 to $16, while JP Morgan kept a Neutral rating on MP stock. On March 13, 2024, analysts decreased their price target for MP shares from 26 to 15.50.
The Average True Range (ATR) for MP Materials Corporation is set at 1.06, with the Price to Sales ratio for MP stock in the period of the last 12 months amounting to 20.49. The Price to Book ratio for the last quarter was 3.54, with the Price to Cash per share for the same quarter was set at 5.31.
MP Stock Performance Analysis:
MP Materials Corporation [MP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.89. With this latest performance, MP shares gained by 26.77% in over the last four-week period, additionally plugging by 49.97% over the last 6 months – not to mention a rise of 36.75% 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 72.74, with the RSI for the last a single of trading hit 77.53, and the three-weeks RSI is set at 69.76 for MP Materials Corporation [MP]. The present Moving Average for the last 50 days of trading for this stock 18.58, while it was recorded at 21.22 for the last single week of trading, and 15.56 for the last 200 days.
Insight into MP Materials Corporation Fundamentals:
MP Materials Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.13 and a Current Ratio set at 6.93.
MP Stock EPS
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 15.79%.
MP Materials Corporation [MP] Institutonal Ownership Details
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%.
