MP Materials Corporation [MP] stock is trading at $13.74, up 7.34%. An important factor to consider is whether the stock is rising or falling in short-term value. The MP shares have gain 11.89% over the last week, with a monthly amount drifted -15.29%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
MP Materials Corporation [NYSE: MP] stock has seen the most recent analyst activity on April 23, 2024, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $16 from $20. Previously, Morgan Stanley downgraded its rating to Equal-Weight on March 13, 2024, and dropped its price target to $15.50. On September 06, 2023, upgrade upgraded it’s rating to Outperform. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $27 on August 31, 2023. Northland Capital downgraded its rating to a Market Perform but $32 remained the price target by the analyst firm on April 18, 2023. Canaccord Genuity started tracking with a Buy rating for this stock on July 13, 2022, and assigned it a price target of $44.
MP Materials Corporation [MP] stock has fluctuated between $12.09 and $26.53 over the past year. Currently, Wall Street analysts expect the stock to reach $28.13 within the next 12 months. MP Materials Corporation [NYSE: MP] shares were valued at $13.74 at the most recent close of the market. An investor can expect a potential return of 104.73% based on the average MP price forecast.
Analyzing the MP fundamentals
MP Materials Corporation [NYSE:MP] reported sales of 206.43M for the trailing twelve months, which represents a drop of -49.13%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at -0.38%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.82.
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 13.09 points at the first support level, and at 12.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.10, and for the 2nd resistance point, it is at 14.45.
Ratios To Look Out For
For context, MP Materials Corporation’s Current Ratio is 10.29. On the other hand, the Quick Ratio is 9.28, and the Cash Ratio is 2.76. Considering the valuation of this stock, the price to sales ratio is 11.00, the price to book ratio is 2.00.
Transactions by insiders
Recent insider trading involved Corbett Ryan, Chief Financial Officer, that happened on May 28 ’24 when 50000.0 shares were sold. Director, McKnight Andrew A. completed a deal on May 16 ’24 to sell 0.32 million shares.
