A new trading day began on Monday, with MP Materials Corporation (NYSE: MP) stock price down -2.69% from the previous day of trading, before settling in for the closing price of $18.58. MP’s price has ranged from $10.02 to $20.85 over the past 52 weeks.
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Annual sales at Basic Materials sector company grew by 59.27% over the past five years. Meanwhile, its annual earnings per share averaged -206.90%. With a float of $122.20 million, this company’s outstanding shares have now reached $178.08 million.
Let’s look at the performance matrix of the company that is accounted for 681 employees. In terms of profitability, gross margin is 11.61%, operating margin of -74.27%, and the pretax margin is -28.59%.
MP Materials Corporation (MP) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Other Industrial Metals & Mining Industry. The insider ownership of MP Materials Corporation is 26.11%, while institutional ownership is 64.38%. The most recent insider transaction that took place on Aug 06 ’24, was worth 325,200. In this transaction Chief Operating Officer of this company bought 30,000 shares at a rate of $10.84, taking the stock ownership to the 1,402,975 shares. Before that another transaction happened on May 28 ’24, when Company’s Chief Financial Officer sold 50,000 for $16.93, making the entire transaction worth $846,500. This insider now owns 325,021 shares in total.
MP Materials Corporation (MP) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.04 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -206.90% per share during the next fiscal year.
MP Materials Corporation (NYSE: MP) Trading Performance Indicators
Here are MP Materials Corporation’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 6.17. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 17.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.40, a number that is poised to hit -0.13 in the next quarter and is forecasted to reach 0.16 in one year’s time.
Technical Analysis of MP Materials Corporation (MP)
MP Materials Corporation (NYSE: MP) saw its 5-day average volume 2.35 million, a negative change from its year-to-date volume of 3.33 million. As of the previous 9 days, the stock’s Stochastic %D was 69.11%. Additionally, its Average True Range was 0.78.
During the past 100 days, MP Materials Corporation’s (MP) raw stochastic average was set at 89.01%, which indicates a significant increase from 61.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.39% in the past 14 days, which was lower than the 56.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.89, while its 200-day Moving Average is $15.16. Nevertheless, the first resistance level for the watch stands at $18.50 in the near term. At $18.91, the stock is likely to face the second major resistance level. The third major resistance level sits at $19.29. If the price goes on to break the first support level at $17.70, it is likely to go to the next support level at $17.32. The third support level lies at $16.91 if the price breaches the second support level.
MP Materials Corporation (NYSE: MP) Key Stats
With a market capitalization of 2.99 billion, the company has a total of 165,317K Shares Outstanding. Currently, annual sales are 253,450 K while annual income is 24,310 K. The company’s previous quarter sales were 31,260 K while its latest quarter income was -34,060 K.
