MP Materials Corporation (NYSE:MP) price on Thursday, April 10, fall -1.13% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $23.54.
A look at the stock’s price movement, the close in the last trading session was $23.81, moving within a range at $22.64 and $23.92. The beta value (5-Year monthly) was 2.242. Turning to its 52-week performance, $27.29 and $10.02 were the 52-week high and 52-week low respectively. Overall, MP moved -3.29% over the past month.
MP Materials Corporation’s market cap currently stands at around $3.85 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-19.
Analysts have a consensus estimate of 64.8M for the company’s revenue for the quarter, with a low and high estimate of 53M and 75M respectively. The average forecast suggests up to a 33.10% 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 333.11M, representing a 63.40% 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 50% Buy. On the other hand, the stock is on average a 50% 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 -7.10% and -3.64% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.38, while 7-day volatility ratio is 15.48% and 7.25% in the 30-day chart. Further, MP Materials Corporation (MP) has a beta value of 2.23, and an average true range (ATR) of 1.96. Analysts have given the company’s stock an average 52-week price target of $21.25, forecast between a low of $19.5 and high of $23. Looking at the price targets, the low is 17.16% off current price level while to achieve the yearly target high, price needs to move 2.29%. Nonetheless, investors will most likely welcome a 9.73% jump to $21.25 which is the analysts’ median price.
If we refocus on MP Materials Corporation (NYSE:MP), historical trading data shows that trading volumes averaged 4.47 over the past 10 days and 3.36 million over the past 3 months. The company’s latest data on shares outstanding shows there are 163.20 million shares.
The 26.93% of MP Materials Corporation’s shares are in the hands of company insiders while institutional holders own 66.45% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 20.8 million on 2025-03-14, giving us a short ratio of 6.64. The data shows that as of 2025-03-14 short interest in MP Materials Corporation (MP) stood at 1458.0000000000002 of shares outstanding, with shares short falling to 20.86 million registered in 2025-02-14. Current price change has pushed the stock 50.90% 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.
