In yesterday’s Wall Street session, MP Materials Corporation (NYSE:MP) shares traded at $13.81, down -1.71% from the previous session.
MP stock price is now -15.07% away from the 50-day moving average and -27.61% away from the 200-day moving average. The market capitalization of the company currently stands at $2.46B.
With the price target reduced from $26 to $15.50, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for MP Materials Corporation (NYSE: MP). , while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, Rosenthal Michael Stuart, Chief Operating Officer bought 5,000 shares of the company’s stock on May 31 ’23. The stock was bought for $103,450 at an average price of $20.69. Upon completion of the transaction, the Chief Operating Officer now directly owns 126,622 shares in the company, valued at $1.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 30 ’23, Chief Operating Officer Rosenthal Michael Stuart bought 6,000 shares of the business’s stock. A total of $126,840 was incurred on buying the stock at an average price of $21.14. This leaves the insider owning 121,622 shares of the company worth $1.68 million. A total of 19.86% of the company’s stock is owned by insiders.
During the past 12 months, MP Materials Corporation has had a low of $14.02 and a high of $30.29. As of last week, the company has a debt-to-equity ratio of 0.51, a current ratio of 10.42, and a quick ratio of 9.54. According to the stock market information, the enterprise value for the company is $1.98B, which is based on a 115.56 price-to-earnings ratio, a 4.23 price-to-earnings-growth ratio, and a beta of 2.44. The fifty day moving average price for MP is $16.14 and a two-hundred day moving average price translates $19.04 for the stock.
The latest earnings results from MP Materials Corporation (NYSE: MP) was released for Dec, 2023. According to the Other Industrial Metals & Mining Company, earnings per share came in at -$0.02, beating analysts’ expectations of -$0.04 by 0.02. This compares to $0.35 EPS in the same period last year. The net profit margin was 9.59% and return on equity was 1.82% for MP. The company reported revenue of $41.2 million for the quarter, compared to $93.25 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -55.81 percent. For the current quarter, analysts expect MP to generate $51.61M in revenue.
