Let’s look at the key reasons that are pushing MP Materials Corporation (MP) to new highs

On Friday, MP Materials Corporation (NYSE: MP) opened higher 1.01% from the last session, before settling in for the closing price of $21.74. Price fluctuations for MP have ranged from $10.02 to $24.01 over the past 52 weeks.

Basic Materials Sector giant saw their annual sales surged by 59.27% over the last five years. Company’s average yearly earnings per share was noted -212.03% at the time writing. With a float of $117.04 million, this company’s outstanding shares have now reached $163.19 million.

The firm has a total of 681 workers. Let’s measure their productivity. 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) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Other Industrial Metals & Mining industry is another important factor to consider. The insider ownership of MP Materials Corporation is 28.31%, while institutional ownership is 63.49%. 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) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.12 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -212.03% per share during the next fiscal year.

MP Materials Corporation (NYSE: MP) Trading Performance Indicators

Check out the current performance indicators for MP Materials Corporation (MP). In the past quarter, the stock posted a quick ratio of 6.13. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 19.47.

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 -0.15 in one year’s time.

Technical Analysis of MP Materials Corporation (MP)

Analysing the last 5-days average volume posted by the [MP Materials Corporation, MP], we can find that recorded value of 2.06 million was lower than the volume posted last year of 2.9 million. As of the previous 9 days, the stock’s Stochastic %D was 70.56%. Additionally, its Average True Range was 1.03.

During the past 100 days, MP Materials Corporation’s (MP) raw stochastic average was set at 81.03%, which indicates a significant decrease from 89.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.85% in the past 14 days, which was lower than the 59.94% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $19.42, while its 200-day Moving Average is $16.39. Now, the first resistance to watch is $22.29. This is followed by the second major resistance level at $22.63. The third major resistance level sits at $22.97. If the price goes on to break the first support level at $21.61, it is likely to go to the next support level at $21.27. Now, if the price goes above the second support level, the third support stands at $20.93.

MP Materials Corporation (NYSE: MP) Key Stats

There are currently 163,207K shares outstanding in the company with a market cap of 3.58 billion. Presently, the company’s annual sales total 253,450 K according to its annual income of 24,310 K. Last quarter, the company’s sales amounted to 62,930 K and its income totaled -25,520 K.