There Is A Quest For Clarity Surrounding MP Materials Corporation (NYSE: MP) Volatility

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that MP Materials to Participate in Upcoming Conferences.

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Stocks Info

This NYSE-listed company operates within the Other Industrial Metals & Mining industry segment, falling under the Basic Materials sector. At the end of the last regular session, the stock closed at $16.09 and fluctuated between $16.29 as its day high and $16.04 as its day low. The current market capitalization of MP Materials Corporation is $2.86B. A total of 1.68 million shares were traded on the day, compared to an average of 2.68M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, MP has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 15 BUYs and 14 SELLs from insiders. Insiders purchased 408,870 shares during that period but sold 60,698,687.

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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for MP in the last 3 months, the mean price target is $26.75 with high estimates of $45.00 and low estimates of $14.00. In terms of 52-week highs and lows, MP has a high of $36.67 and a low of $14.47.

As of this writing, MP has an earnings estimate of -$0.04 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.04 per share and a lower estimate of -$0.16. The company reported an EPS of $0.09 in the last quarter, which was 50.00% higher than expectations of $0.06.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. MP’s latest balance sheet shows that the firm has $1.18B in Cash & Short Term Investments as of fiscal 2021. There were $691.01M in debt and $59.54M in liabilities at the time. Its Book Value Per Share was $7.74, while its Total Shareholder’s Equity was $1.01B.

Analysts Opinion

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. 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 4.73.

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