MP Materials Corporation (NYSE:MP) price on Friday, August 02, fall -10.17% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.39.
A look at the stock’s price movement, the level at last check in today’s session was $12.68. Turning to its 52-week performance, $24.44 and $12.09 were the 52-week high and 52-week low respectively. Overall, MP moved -19.56% over the past month.
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
MP Materials Corporation’s market cap currently stands at around $1.88 billion.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MP is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
MP’s current price about -19.90% and -21.53% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 25.92, while 7-day volatility ratio is 4.93% and 3.90% in the 30-day chart. Further, MP Materials Corporation (MP) has a beta value of 2.23, and an average true range (ATR) of 0.68.
If we refocus on MP Materials Corporation (NYSE:MP), historical trading data shows that trading volumes averaged 2.93 million over the past 3 months. The company’s latest data on shares outstanding shows there are 178.08 million shares.
The 25.86% of MP Materials Corporation’s shares are in the hands of company insiders while institutional holders own 64.66% of the company’s shares. Current price change has pushed the stock -42.62% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MP stock continues to rise going into the next quarter.
