A share price of MP Materials Corporation [MP] is currently trading at $14.81, down -3.46%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MP shares have gain 3.78% over the last week, with a monthly amount drifted -10.94%, and not seem to be holding up well over a long-time horizon.
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On 5, March 2024, MP Materials Announces Pricing of $650 Million 3.00% Convertible Notes. In a post published today on Yahoo Finance, Company entered into capped call transactions to increase effective conversion premium to 100%.
From an analyst’s perspective:
MP Materials Corporation [NYSE: MP] stock has seen the most recent analyst activity on September 06, 2023, when Northland Capital upgraded its rating to a Outperform. Previously, JP Morgan started tracking the stock with Overweight rating on August 31, 2023, and set its price target to $27. On April 18, 2023, downgrade downgraded it’s rating to Market Perform but maintained its price target of $32 on the stock. Canaccord Genuity started tracking the stock assigning a Buy rating and suggested a price target of $44 on July 13, 2022. BMO Capital Markets started tracking with a Outperform rating for this stock on June 01, 2022, and assigned it a price target of $50. In a note dated February 09, 2022, The Benchmark Company upgraded an Buy rating on this stock but restated the target price of $47.
MP Materials Corporation experienced fluctuations in its stock price throughout the past year between $14.04 and $30.29. Currently, Wall Street analysts expect the stock to reach $43.5 within the next 12 months. MP Materials Corporation [NYSE: MP] shares were valued at $14.81 at the most recent close of the market. An investor can expect a potential return of 193.72% based on the average MP price forecast.
Analyzing the MP fundamentals
Trailing Twelve Months sales for MP Materials Corporation [NYSE:MP] were 253.44M which represents -55.81% decline. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.5.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.55 points at the first support level, and at 14.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.23, and for the 2nd resistance point, it is at 15.65.
MP Materials Corporation [MP] reported earnings per share of -$0.02 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.04/share, meaning a difference of $0.02 and a surprise factor of 50.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for MP Materials Corporation [NYSE:MP] is 10.42. In addition, the Quick Ratio stands at 9.54 and the Cash Ratio stands at 2.44. Considering the valuation of this stock, the price to sales ratio is 10.41, the price to book ratio is 1.93 and price to earnings (TTM) ratio is 123.93.
Transactions by insiders
Recent insider trading involved Rosenthal Michael Stuart, Chief Operating Officer, that happened on May 31 ’23 when 5000.0 shares were purchased. Chief Operating Officer, Rosenthal Michael Stuart completed a deal on May 30 ’23 to buy 6000.0 shares. Meanwhile, Chief Operating Officer Rosenthal Michael Stuart bought 7000.0 shares on May 26 ’23.
