On Monday, MP Materials Corporation (NYSE: MP) was 1.29% up from the session before settling in for the closing price of $18.64. A 52-week range for MP has been $10.02 – $20.85.
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Annual sales at Basic Materials sector company grew by 59.27% over the past five years. When this article was written, the company’s average yearly earnings per share was at -206.93%. 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 Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward MP Materials Corporation stocks. The insider ownership of MP Materials Corporation is 26.11%, while institutional ownership is 63.98%. 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) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.04 earnings per share (EPS) during the time that was better than consensus figure (set at 0) by 0.04. 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 -206.93% per share during the next fiscal year.
MP Materials Corporation (NYSE: MP) Trading Performance Indicators
You can see what MP Materials Corporation (MP) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 6.17. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 17.98.
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 0.18 in one year’s time.
Technical Analysis of MP Materials Corporation (MP)
MP Materials Corporation (NYSE: MP) saw its 5-day average volume 1.98 million, a negative change from its year-to-date volume of 3.3 million. As of the previous 9 days, the stock’s Stochastic %D was 70.66%. Additionally, its Average True Range was 0.74.
During the past 100 days, MP Materials Corporation’s (MP) raw stochastic average was set at 94.16%, which indicates a significant increase from 80.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.85% in the past 14 days, which was lower than the 56.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.56, while its 200-day Moving Average is $15.17. Nevertheless, the first resistance level for the watch stands at $19.36 in the near term. At $19.83, the stock is likely to face the second major resistance level. The third major resistance level sits at $20.24. If the price goes on to break the first support level at $18.48, it is likely to go to the next support level at $18.07. Assuming the price breaks the second support level, the third support level stands at $17.60.
MP Materials Corporation (NYSE: MP) Key Stats
There are 165,317K outstanding shares of the company, which has a market capitalization of 3.12 billion. As of now, sales total 253,450 K while income totals 24,310 K. Its latest quarter income was 31,260 K while its last quarter net income were -34,060 K.
