Stocks of MP Materials Corporation (NYSE:MP) traded higher last session on Wall Street, up 10.22% to $21.79.
MP stock price is now -7.48% away from the 50-day moving average and 8.46% away from the 200-day moving average. The market capitalization of the company currently stands at $3.56B.
With the price target enhanced from $20 to $25, Robert W. Baird maintained Outperform rating for MP Materials Corporation (NYSE: MP). On July 15, 2024, BMO Capital Markets recently initiated its ‘Market Perform’ rating on the stock quoting a target price of $16.50, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Litinsky James H., Chairman and CEO sold 199,180 shares of the company’s stock on Apr 14 ’25. The stock was sold for $5,393,794 at an average price of $27.08. Upon completion of the transaction, the Chairman and CEO now directly owns 13,643,076 shares in the company, valued at $297.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 25 ’25, Chairman and CEO Litinsky James H. sold 396,293 shares of the business’s stock. A total of $10,711,800 was realized by selling the stock at an average price of $27.03. This leaves the insider owning 13,860,775 shares of the company worth $302.03 million. A total of 26.81% of the company’s stock is owned by insiders.
During the past 12 months, MP Materials Corporation has had a low of $10.02 and a high of $29.72. As of last week, the company has a debt-to-equity ratio of 0.89, a current ratio of 4.12, and a quick ratio of 3.58.
The net profit margin was -48.41% and return on equity was -9.62% for MP. The company reported revenue of $60.81 million for the quarter, compared to $48.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.91 percent.
