MP Materials Corporation [NYSE: MP] gained 21.65% or 4.91 points to close at $27.59 with a heavy trading volume of 23449713 shares.
The daily chart for MP points out that the company has recorded 58.84% gains over the past six months.
If we look at the average trading volume of 3.48M shares, MP reached to a volume of 23449713 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $26.82 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 2.23, with the Price to Sales ratio for MP stock in the period of the last 12 months amounting to 22.12. The Price to Book ratio for the last quarter was 4.27, with the Price to Cash per share for the same quarter was set at 5.21.
Trading performance analysis for MP stock
MP Materials Corporation [MP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.01. With this latest performance, MP shares gained by 2.83% in over the last four-week period, additionally plugging by 58.84% over the last 6 months – not to mention a rise of 59.48% 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 60.29, with the RSI for the last a single of trading hit 63.82, and the three-weeks RSI is set at 58.70 for MP Materials Corporation [MP]. The present Moving Average for the last 50 days of trading for this stock 24.56, while it was recorded at 23.91 for the last single week of trading, and 18.59 for the last 200 days.
MP Materials Corporation [MP]: A deeper dive into fundamental analysis
MP Materials Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.63 and a Current Ratio set at 6.29.
An analysis of Institutional ownership at MP Materials Corporation [MP]
There are presently around $76.17%, or 93.82%% of MP stock, in the hands of institutional investors. The top three institutional holders of MP stocks are: BLACKROCK INC. with ownership of 12.07 million shares, which is approximately 7.3006%. VANGUARD GROUP INC, holding 12.35 million shares of the stock with an approximate value of $$157.23 million in MP stocks shares; and VANGUARD GROUP INC, currently with $$99.47 million in MP stock with ownership which is approximately 4.726%.
