Robert W. Baird has recently reiterated Mp Materials Corp (MP) stock to Outperform rating, as announced on September 27, 2024, according to Finviz. Earlier, on July 15, 2024, BMO Capital Markets had initiated the stock to Market Perform, setting a price target of $16.50. JP Morgan also reduced Neutral rating with a price target of $16. Additionally, Morgan Stanley reduced rating on March 13, 2024, with a target price of $15.50. Northland Capital analysts, in their report published on September 6, 2023, also raised Outperform rating for Mp Materials Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Mp Materials Corp (MP) Stock Trading Recap
On Monday, Mp Materials Corp (MP) stock saw a modest uptick, ending the day at $22.23 which represents a slight increase of $0.27 or 1.23% from the prior close of $21.96. The stock opened at $22.35 and touched a low of $21.81 during the day, reaching a high of $23.67. The volume of shares traded was 5.16 million exceeding the average volume of 2.89 million.
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MP Stock Performance and Moving Averages
In recent trading, Mp Materials Corp (MP) stock price has shown some volatility, fluctuating 3.30% over the last five trades and 42.50% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 75.32%, and it has gained 18.62% in the previous three months. Currently, MP is trading at 7.42%, 14.03%, and 35.41% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, MP, a Basic Materials sector stock, is trading -7.41% below its 52-week high but remains 121.86% above its 52-week low. The Average True Range (ATR) (14 days) of 1.09 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Mp Materials Corp’s Profitability and Valuation Ratios
Mp Materials Corp’s profitability metrics reveal financial health. The company currently boasts an operating margin of -77.44% and a profit margin of -32.24%, with a gross margin of 75.32%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Mp Materials Corp’s market capitalization stands at $3.63 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 19.71, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 3.41, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 28.29% of Mp Materials Corp (MP)’s shares, while financial institutions hold 63.49%.
Notable insider trades include Litinsky James H., Chairman and CEO at Mp Materials Corp (MP), who sold 1579110 shares on Dec 03 ’24, at $23.39 each, totaling $36.93 million. On Dec 02 ’24, Litinsky James H., Chairman and CEO, sold 234667 shares for $20.68 each, amounting to $4.85 million. Additionally, on Nov 26 ’24, Litinsky James H. sold 300000 shares at $20.22 each, generating $6.07 million.
