MP Materials Corporation (NYSE:MP) price closed lower on Friday, April 12, dropping -2.66% below its previous close.
A look at the daily price movement shows that the last close reads $17.30. The company’s 5Y monthly beta was ticking 2.41 while its P/E ratio in the trailing 12-month period read 140.92. Taking into account the 52-week price action we note that the stock hit a 52-week high of $28.71 and 52-week low of $12.68. The stock added 19.86% on its value in the past month.
MP Materials Corporation, which has a market valuation of $3.00 billion, is expected to release its quarterly earnings report May 02, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give MP a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 4.36. The overview shows that MP’s price is at present 14.50% off the SMA20 and 9.95% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 61.68, with weekly volatility standing at 7.08%. The indicator jumps to 5.24% when calculated based on the past 30 days. MP Materials Corporation (NYSE:MP)’s beta value is holding at 2.37, while the average true range (ATR) indicator is currently reading 0.85. An analysis of the MP Materials Corporation (NYSE:MP) stock in terms of its daily trading volume indicates that the 3-month average is 3.83 million.
Current records show that the company has 178.08M in outstanding shares. The insiders’ percentage holdings are 24.77% of outstanding shares while the percentage share held by institutions stands at 53.54%. But the -15.16% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
