MP Materials Corporation (NYSE: MP): Is It A Buying Opportunity Again?

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. The stock was recently discussed on Yahoo Finance as it revealed that MP Materials Announces Proposed Offering of Convertible Notes.

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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. The current market capitalization of MP Materials Corporation is $2.77B. A total of 3.78 million shares were traded on the day, compared to an average of 2.78M 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 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.

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. In terms of 52-week highs and lows, MP has a high of $34.15 and a low of $14.32.

As of this writing, MP has an earnings estimate of -$0.01 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.03 per share and a lower estimate of -$0.09.

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. 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 $7.67, while its Total Shareholder’s Equity was $1.01B.

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, 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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