MP Materials Corporation [NYSE: MP] stock went on an upward path that rose over 4.42% on Wednesday, amounting to a one-week price decrease of less than -5.04%.
Over the last 12 months, MP stock rose by 16.11%. The one-year MP Materials Corporation stock forecast points to a potential upside of 26.59. The average equity rating for MP stock is currently 1.64, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $3.20 billion, with 163.45 million shares outstanding and 119.64 million shares in the current float. Compared to the average trading volume of 5.87M shares, MP stock reached a trading volume of 7006201 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 $26.70 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 1.64. 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 1.49, with the Price to Sales ratio for MP stock in the period of the last 12 months amounting to 14.83. The Price to Book ratio for the last quarter was 3.09, with the Price to Cash per share for the same quarter was set at 4.65.
MP Stock Performance Analysis:
MP Materials Corporation [MP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.04. With this latest performance, MP shares dropped by -21.13% in over the last four-week period, additionally plugging by 4.64% over the last 6 months – not to mention a rise of 16.11% 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 37.82, with the RSI for the last a single of trading hit 35.76, and the three-weeks RSI is set at 40.33 for MP Materials Corporation [MP]. The present Moving Average for the last 50 days of trading for this stock 23.79, while it was recorded at 19.53 for the last single week of trading, and 19.99 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 3.58 and a Current Ratio set at 4.12.
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 7.4701%. 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 4.726%.
