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Wednesday, February 1, 2023

An Evaluation Of MP Materials Corp. (NYSE: MP) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for MP Materials Corp. (MP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.41, or 1.65%, to $25.24. The MP Materials Corp. has recorded 83,621 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed MP Materials to Participate in the Morgan Stanley 9th Annual Auto 2.0 Conference.

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Stocks Info

MP belongs to the Basic Materials sector of the NYSE while operating in the Other Industrial Metals & Mining industry. At the end of the last regular session, the stock closed at $24.83 and fluctuated between $26.27 as its day high and $24.69 as its day low. The current market capitalization of MP Materials Corp. is $4.44B. A total of 2.81 million shares were traded on the day, compared to an average of 1.94M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, MP has seen 0 BUY and 9 SELL insider trades, representing the acquisition of 0 and the disposition of 263,724 shares. Over the last 12 months, there were 21 BUYs and 295 SELLs from insiders. Insiders purchased 150,735 shares during that period but sold 39,497,403.

In the most recent transaction, QVT Financial LP sold 53,702 shares of MP for 31.62 per share on Dec 14. After the transaction, the Director by Deputization now owns 1,120,014 company shares. In a previous transaction on Dec 14, Gold Daniel Allen sold 53,702 shares at 31.62 per share. MP shares that Director owns now total 1,120,014.

Among the insiders who sold shares, QVT Financial LP disposed of 100,000 shares on Dec 13 at a per-share price of $31.75. This resulted in the Director by Deputization holding 1,124,469 shares of MP after the transaction. In another insider transaction, Gold Daniel Allen sold 100,000 shares at $31.75 per share on Dec 13. Company shares held by the Director now total 1,124,469.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for MP in the last 3 months, the mean price target is $44.32 with high estimates of $56.00 and low estimates of $36.00. In terms of 52-week highs and lows, MP has a high of $60.19 and a low of $23.50.

As of this writing, MP has an earnings estimate of $0.3 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.38 per share and a lower estimate of $0.19. The company reported an EPS of $0.5 in the last quarter, which was 22.00% higher than expectations of $0.41.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MP is Hold with a score of 4.70. A total of 10 analysts rated the stock as Buy while 1 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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