Currently, MP Materials Corporation [MP] is trading at $19.98, up 1.52%. 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 11.06% over the last week, with a monthly amount glided 16.50%, and 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 September 27, 2024, when Robert W. Baird reiterated its Outperform rating and also boosted its price target to $25 from $20. Previously, BMO Capital Markets started tracking the stock with Market Perform rating on July 15, 2024, and set its price target to $16.50. On April 23, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $16 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $15.50 on March 13, 2024. Northland Capital upgraded its rating to a Outperform. JP Morgan started tracking with a Overweight rating for this stock on August 31, 2023, and assigned it a price target of $27. In a note dated April 18, 2023, Northland Capital downgraded an Market Perform rating on this stock but restated the target price of $32.
This stock has fluctuated between a low of $10.02 and a high of $20.85 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $22.57 within the next 12 months. MP Materials Corporation [NYSE: MP] shares were valued at $19.98 at the most recent close of the market. An investor can expect a potential return of 12.96% based on the average MP price forecast.
Analyzing the MP fundamentals
Trailing Twelve Months sales for MP Materials Corporation [NYSE:MP] were 173.66M which represents -51.18% decline. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at -0.82%, Pretax Profit Margin comes in at -0.43%, and Net Profit Margin reading is -0.32%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.05 and Total Capital is -0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.89.
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 19.56 points at the first support level, and at 19.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.22, and for the 2nd resistance point, it is at 20.47.
Ratios To Look Out For
To put it in perspective, the Current Ratio for MP Materials Corporation [NYSE:MP] is 6.90. Also, the Quick Ratio is 6.17, while the Cash Ratio stands at 1.94. Considering the valuation of this stock, the price to sales ratio is 19.03, the price to book ratio is 2.98.
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.
