MP Materials Sees Unusually Large Options Volume (NYSE:MP)

MP Materials Corp. (NYSE:MP - Get Free Report) saw some unusual options trading on Monday. Stock traders acquired 5,089 call options on the stock. This is an increase of 12% compared to the typical volume of 4,541 call options.

MP Materials Trading Up 0.2 %

NYSE MP traded up $0.04 during trading hours on Thursday, hitting $24.38. 2,074,137 shares of the company's stock were exchanged, compared to its average volume of 3,130,476. The company has a debt-to-equity ratio of 0.88, a quick ratio of 6.13 and a current ratio of 6.93. The firm has a market capitalization of $3.98 billion, a P/E ratio of -41.32 and a beta of 2.32. The business's 50 day moving average is $22.37 and its 200-day moving average is $19.08. MP Materials has a 12-month low of $10.02 and a 12-month high of $26.00.

MP Materials (NYSE:MP - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.05). The company had revenue of $60.99 million during the quarter, compared to analysts' expectations of $50.71 million. MP Materials had a negative net margin of 32.09% and a negative return on equity of 8.44%. As a group, analysts anticipate that MP Materials will post -0.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other MP Materials news, CEO James H. Litinsky sold 386,223 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $24.01, for a total transaction of $9,273,214.23. Following the completion of the transaction, the chief executive officer now owns 15,643,076 shares in the company, valued at $375,590,254.76. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 12.60% of the company's stock.

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Hedge Funds Weigh In On MP Materials

A number of institutional investors have recently added to or reduced their stakes in MP. Quadrant Capital Group LLC boosted its stake in shares of MP Materials by 40.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,441 shares of the company's stock valued at $38,000 after buying an additional 701 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of MP Materials in the 4th quarter valued at about $40,000. Geneos Wealth Management Inc. lifted its position in shares of MP Materials by 205.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,749 shares of the company's stock worth $43,000 after purchasing an additional 1,849 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in MP Materials by 204.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,275 shares of the company's stock worth $51,000 after purchasing an additional 2,200 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in MP Materials by 69.3% in the fourth quarter. GAMMA Investing LLC now owns 3,775 shares of the company's stock valued at $59,000 after buying an additional 1,545 shares during the last quarter. Institutional investors and hedge funds own 52.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MP. Canaccord Genuity Group raised their price target on MP Materials from $23.00 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. BMO Capital Markets lifted their price target on MP Materials from $19.50 to $22.00 and gave the company a "market perform" rating in a research note on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $22.45.

MP Materials Company Profile

MP Materials Corp., together with its subsidiaries, produces rare earth materials. The company owns and operates the Mountain Pass Rare Earth mine and processing facility in North America. It holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals.