MP Materials Corporation (NYSE: MP) on Monday, soared 0.11% from the previous trading day, before settling in for the closing price of $18.23. Within the past 52 weeks, MP’s price has moved between $10.02 and $20.85.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 59.27%. The company achieved an average annual earnings per share of -204.43%. With a float of $122.20 million, this company’s outstanding shares have now reached $178.08 million.
Let’s determine the extent of company efficiency that accounts 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 Activity
Observing investor behavior towards Other Industrial Metals & Mining industry stocks is more important than anything else. The insider ownership of MP Materials Corporation is 26.11%, while institutional ownership is 63.83%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -204.43% 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 6.17 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 17.61.
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 0.20 in one year’s time.
Technical Analysis of MP Materials Corporation (MP)
Looking closely at MP Materials Corporation (NYSE: MP), its last 5-days average volume was 1.91 million, which is a drop from its year-to-date volume of 3.27 million. As of the previous 9 days, the stock’s Stochastic %D was 28.46%. Additionally, its Average True Range was 0.70.
During the past 100 days, MP Materials Corporation’s (MP) raw stochastic average was set at 87.46%, which indicates a significant increase from 33.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.96% in the past 14 days, which was lower than the 56.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.14, while its 200-day Moving Average is $15.22. However, in the short run, MP Materials Corporation’s stock first resistance to watch stands at $18.60. Second resistance stands at $18.95. The third major resistance level sits at $19.26. If the price goes on to break the first support level at $17.95, it is likely to go to the next support level at $17.64. Should the price break the second support level, the third support level stands at $17.29.
MP Materials Corporation (NYSE: MP) Key Stats
Market capitalization of the company is 3.06 billion based on 165,383K outstanding shares. Right now, sales total 253,450 K and income totals 24,310 K. The company made 31,260 K in profit during its latest quarter, and -34,060 K in sales during its previous quarter.
