MP Materials Corporation [MP] stock prices are up 12.44% to $16.00 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MP shares have gain 12.60% over the last week, with a monthly amount glided 23.55%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
MP Materials Corporation [NYSE: MP] stock has seen the most recent analyst activity on July 15, 2024, when BMO Capital Markets initiated its Market Perform rating and assigned the stock a price target of $16.50. Previously, JP Morgan downgraded its rating to Neutral on April 23, 2024, and dropped its price target to $16. On March 13, 2024, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $15.50 on the stock. Northland Capital upgraded its rating to a Outperform. JP Morgan initiated its recommendation with a Overweight and recommended $27 as its price target on August 31, 2023. Northland Capital downgraded its rating to Market Perform for this stock on April 18, 2023, but kept the price target unchanged to $32. In a note dated July 13, 2022, Canaccord Genuity initiated an Buy rating and provided a target price of $44 on this stock.
The stock price of MP Materials Corporation [MP] has been fluctuating between $10.02 and $20.85 over the past year. Currently, Wall Street analysts expect the stock to reach $22.5 within the next 12 months. MP Materials Corporation [NYSE: MP] shares were valued at $16.00 at the most recent close of the market. An investor can expect a potential return of 40.62% based on the average MP price forecast.
Analyzing the MP fundamentals
The MP Materials Corporation [NYSE:MP] reported sales of 173.66M for trailing twelve months, representing a drop of -51.18%. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at -0.74%, Pretax Profit Margin comes in at -0.29%, and Net Profit Margin reading is -0.22%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.03 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.85.
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 15.14 points at the first support level, and at 14.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.54, and for the 2nd resistance point, it is at 17.07.
Ratios To Look Out For
It’s worth pointing out that MP Materials Corporation [NYSE:MP]’s Current Ratio is 6.90. Also, the Quick Ratio is 6.17, while the Cash Ratio stands at 1.88. Considering the valuation of this stock, the price to sales ratio is 15.24, the price to book ratio is 2.39.
Transactions by insiders
Recent insider trading involved Rosenthal Michael Stuart, Chief Operating Officer, that happened on Aug 06 ’24 when 30000.0 shares were purchased. Chief Financial Officer, Corbett Ryan completed a deal on May 28 ’24 to sell 50000.0 shares. Meanwhile, Director McKnight Andrew A. sold 0.32 million shares on May 16 ’24.
