MP Materials Corporation (NYSE:MP) price on current trading day, fall -0.39% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $26.70.
A look at the stock’s price movement, the level at last check in today’s session was $26.81, moving within a range at $26.28 and $27.0. The beta value (5-Year monthly) was 2.321. Turning to its 52-week performance, $27.29 and $10.02 were the 52-week high and 52-week low respectively. Overall, MP moved 16.16% over the past month.
MP Materials Corporation’s market cap currently stands at around $4.36 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-19.
Analysts have a consensus estimate of 64.74M for the company’s revenue for the quarter, with a low and high estimate of 59M and 75M respectively. The average forecast suggests up to a 32.97% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 331.73M, representing a 62.73% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MP is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 8 recommend MP as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MP’s current price about 8.03% and 15.33% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.56, while 7-day volatility ratio is 4.35% and 6.06% in the 30-day chart. Further, MP Materials Corporation (MP) has a beta value of 2.22, and an average true range (ATR) of 1.37. Analysts have given the company’s stock an average 52-week price target of $23, forecast between a low of $19.5 and high of $23. Looking at the price targets, the low is 26.97% off recent price level in today’s trading while to achieve the yearly target high, it has to move 13.86%. Nonetheless, investors will most likely welcome a 13.86% jump to $23 which is the analysts’ median price.
If we refocus on MP Materials Corporation (NYSE:MP), historical trading data shows that trading volumes averaged 3.33 over the past 10 days and 3.20 million over the past 3 months. The company’s latest data on shares outstanding shows there are 163.20 million shares.
The 28.05% of MP Materials Corporation’s shares are in the hands of company insiders while institutional holders own 66.44% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 19.47 million on 2025-02-28, giving us a short ratio of 5.83. The data shows that as of 2025-02-28 short interest in MP Materials Corporation (MP) stood at 1365.0 of shares outstanding, with shares short rising to 18.49 million registered in 2025-01-31. Current price change has pushed the stock 71.19% 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.
