MP Materials Corporation (NYSE: MP) on Tuesday, plunged -2.57% from the previous trading day, before settling in for the closing price of $17.14. Within the past 52 weeks, MP’s price has moved between $12.68 and $26.53.
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A company in the Basic Materials sector has jumped its sales by 51.37% annually for the last half of the decade. The company achieved an average annual earnings per share of 191.71%. With a float of $125.74 million, this company’s outstanding shares have now reached $178.08 million.
In an organization with 681 employees, it is important to assess its efficiency.
MP Materials Corporation (MP) Insider and Institutional Ownership
Observing investor behavior towards Other Industrial Metals & Mining industry stocks is more important than anything else. The insider ownership of MP Materials Corporation is 23.94%, while institutional ownership is 64.17%. The most recent insider transaction that took place on May 28 ’24, was worth 846,500. In this transaction Chief Financial Officer of this company sold 50,000 shares at a rate of $16.93, taking the stock ownership to the 325,021 shares. Before that another transaction happened on May 16 ’24, when Company’s Director sold 317,750 for $18.07, making the entire transaction worth $5,741,742. This insider now owns 86,000 shares in total.
MP Materials Corporation (MP) Latest Financial update
As on 3/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.09 earnings per share (EPS) for the period topping the consensus outlook (set at 0.06) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 191.71% per share during the next fiscal year.
MP Materials Corporation (NYSE: MP) Trading Performance Indicators
MP Materials Corporation (MP) is currently performing well based on its current performance indicators. A quick ratio of 9.28 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.37.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.15, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach 1.93 in one year’s time.
Technical Analysis of MP Materials Corporation (MP)
Let’s dig in a bit further. During the last 5-days, its volume was 2.33 million. That was inferior than the volume of 3.5 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 13.59%. Additionally, its Average True Range was 0.80.
During the past 100 days, MP Materials Corporation’s (MP) raw stochastic average was set at 61.37%, which indicates a significant increase from 30.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.02% in the past 14 days, which was higher than the 54.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.97, while its 200-day Moving Average is $17.21. However, in the short run, MP Materials Corporation’s stock first resistance to watch stands at $17.25. Second resistance stands at $17.81. The third major resistance level sits at $18.17. If the price goes on to break the first support level at $16.33, it is likely to go to the next support level at $15.97. The third support level lies at $15.41 if the price breaches the second support level.
MP Materials Corporation (NYSE: MP) Key Stats
Market capitalization of the company is 2.76 billion based on 165,317K outstanding shares. Right now, sales total 253,450 K and income totals 24,310 K. The company made 48,680 K in profit during its latest quarter, and 16,490 K in sales during its previous quarter.
