A new trading day began on Tuesday, with MP Materials Corporation (NYSE: MP) stock price down -3.25% from the previous day of trading, before settling in for the closing price of $21.52. MP’s price has ranged from $10.02 to $24.01 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 -214.99%. With a float of $117.04 million, this company’s outstanding shares have now reached $163.19 million.
Let’s look at the performance matrix of the company that is accounted for 681 employees. In terms of profitability, gross margin is 37.42%, operating margin of -82.03%, and the pretax margin is -43.48%.
MP Materials Corporation (MP) Insider Updates
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 28.29%, while institutional ownership is 64.39%. The most recent insider transaction that took place on Dec 03 ’24, was worth 36,934,246. In this transaction Chairman and CEO of this company sold 1,579,110 shares at a rate of $23.39, taking the stock ownership to the 16,029,299 shares. Before that another transaction happened on Dec 02 ’24, when Company’s Chairman and CEO sold 234,667 for $20.68, making the entire transaction worth $4,852,914. This insider now owns 17,608,409 shares in total.
MP Materials Corporation (MP) Performance Highlights and Predictions
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 -214.99% 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 6.13. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 18.46.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.53, a number that is poised to hit -0.13 in the next quarter and is forecasted to reach -0.11 in one year’s time.
Technical Analysis of MP Materials Corporation (MP)
MP Materials Corporation (NYSE: MP) saw its 5-day average volume 2.28 million, a negative change from its year-to-date volume of 3.03 million. As of the previous 9 days, the stock’s Stochastic %D was 68.75%. Additionally, its Average True Range was 1.08.
During the past 100 days, MP Materials Corporation’s (MP) raw stochastic average was set at 71.16%, which indicates a significant increase from 59.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.89% in the past 14 days, which was lower than the 60.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.25, while its 200-day Moving Average is $16.32. Nevertheless, the first resistance level for the watch stands at $21.48 in the near term. At $22.14, the stock is likely to face the second major resistance level. The third major resistance level sits at $22.57. If the price goes on to break the first support level at $20.39, it is likely to go to the next support level at $19.95. Assuming the price breaks the second support level, the third support level stands at $19.29.
MP Materials Corporation (NYSE: MP) Key Stats
With a market capitalization of 3.40 billion, the company has a total of 163,207K Shares Outstanding. Currently, annual sales are 253,450 K while annual income is 24,310 K. The company’s previous quarter sales were 62,930 K while its latest quarter income was -25,520 K.
