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Wednesday, September 27, 2023

It’s Not Over Yet For MP Materials Corp. (NYSE: MP)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for MP Materials Corp. (MP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.04%, to $22.58. The MP Materials Corp. has recorded 3,155,756 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that MP Materials to Participate in the D.A. Davidson Diversified Industrials and Services Conference.

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Stocks Info

MP Materials Corp. is listed on the NYSE as a member of the Basic Materials sector and is a part of the Other Industrial Metals & Mining industry. At the end of the last regular session, the stock closed at $22.57 and fluctuated between $22.81 as its day high and $22.24 as its day low. The current market capitalization of MP Materials Corp. is $4.01B. A total of 11.96 million shares were traded on the day, compared to an average of 2.75M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, MP has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 2,540 and the disposition of 0 shares. Over the last 12 months, there were 24 BUYs and 33 SELLs from insiders. Insiders purchased 487,056 shares during that period but sold 61,203,419.

In the most recent transaction, Rosenthal Michael Stuart bought 5,000 shares of MP for 20.69 per share on May 31. After the transaction, the Chief Operating Officer now owns 126,622 company shares. In a previous transaction on May 30, Rosenthal Michael Stuart bought 6,000 shares at 21.14 per share. MP shares that Chief Operating Officer owns now total 121,622.

Among the insiders who bought shares, Rosenthal Michael Stuart acquired of 7,000 shares on May 26 at a per-share price of $21.63. This resulted in the Chief Operating Officer holding 115,622 shares of MP after the transaction. In another insider transaction, Litinsky James H. sold 647,832 shares at $21.70 per share on May 26. Company shares held by the Chairman and CEO now total 0.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for MP in the last 3 months, the mean price target is $33.83 with high estimates of $56.00 and low estimates of $24.00. In terms of 52-week highs and lows, MP has a high of $36.67 and a low of $19.18.

As of this writing, MP has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.09 per share and a lower estimate of -$0.08. The company reported an EPS of $0.27 in the last quarter, which was 50.00% higher than expectations of $0.18.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MP’s latest balance sheet shows that the firm has $1.18B in Cash & Short Term Investments as of fiscal 2021. There were $691.82M in debt and $59.54M in liabilities at the time. Its Book Value Per Share was $7.71, while its Total Shareholder’s Equity was $1.01B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.70.

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