MP Materials Corp. (NYSE:MP - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 3,120,879 shares were traded during trading, a decline of 9% from the previous session's volume of 3,441,950 shares.The stock last traded at $23.99 and had previously closed at $26.35.
Wall Street Analyst Weigh In
Several equities analysts have commented on MP shares. DA Davidson boosted their price target on shares of MP Materials from $25.00 to $32.00 and gave the stock a "buy" rating in a research note on Wednesday, March 19th. BMO Capital Markets increased their price target on MP Materials from $22.00 to $29.00 and gave the company a "market perform" rating in a research report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.61.
Get Our Latest Stock Analysis on MP
MP Materials Trading Down 4.0 %
The business has a fifty day moving average price of $24.65 and a 200 day moving average price of $21.37. The firm has a market cap of $4.08 billion, a PE ratio of -42.34 and a beta of 2.24. The company has a current ratio of 6.93, a quick ratio of 6.13 and a debt-to-equity ratio of 0.88.
MP Materials (NYSE:MP - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.05). MP Materials had a negative return on equity of 8.44% and a negative net margin of 32.09%. The company had revenue of $60.99 million for the quarter, compared to analyst estimates of $50.71 million. Analysts forecast that MP Materials Corp. will post -0.19 EPS for the current year.
Insider Buying and Selling at MP Materials
In related news, CEO James H. Litinsky sold 386,223 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $24.01, for a total value of $9,273,214.23. Following 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Ryan Corbett sold 60,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $25.51, for a total value of $1,530,600.00. Following the sale, the chief financial officer now directly owns 230,100 shares of the company's stock, valued at $5,869,851. The trade was a 20.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,330,015 shares of company stock worth $34,559,781 over the last 90 days. Corporate insiders own 12.60% of the company's stock.
Institutional Investors Weigh In On MP Materials
Large investors have recently modified their holdings of the stock. JT Stratford LLC lifted its position in shares of MP Materials by 0.7% during the 4th quarter. JT Stratford LLC now owns 63,685 shares of the company's stock valued at $993,000 after acquiring an additional 424 shares during the period. Envestnet Asset Management Inc. increased its stake in MP Materials by 3.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 20,650 shares of the company's stock valued at $322,000 after purchasing an additional 662 shares in the last quarter. CENTRAL TRUST Co raised its holdings in MP Materials by 20.6% during the first quarter. CENTRAL TRUST Co now owns 3,965 shares of the company's stock worth $97,000 after purchasing an additional 678 shares during the last quarter. Quadrant Capital Group LLC boosted its position in MP Materials by 40.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,441 shares of the company's stock worth $38,000 after purchasing an additional 701 shares in the last quarter. Finally, SWS Partners grew its holdings in MP Materials by 0.4% in the fourth quarter. SWS Partners now owns 162,503 shares of the company's stock valued at $2,535,000 after purchasing an additional 707 shares during the last quarter. Hedge funds and other institutional investors own 52.55% of the company's stock.
About MP Materials
(
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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.
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