This Is Too Hot For MP Materials Corporation (NYSE: MP), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that MP Materials Announces Pricing of $650 Million 3.00% Convertible Notes.

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Stocks Info

As a NYSE listed company, MP falls under the Basic Materials sector while operating within the Other Industrial Metals & Mining industry segment. The current market capitalization of MP Materials Corporation is $2.53B. A total of 3.36 million shares were traded on the day, compared to an average of 3.49M shares.

In the most recent transaction, Rosenthal Michael Stuart bought 5,000 shares of MP for 20.69 per share on May 31 ’23. After the transaction, the Chief Operating Officer now owns 126,622 company shares. In a previous transaction on May 30 ’23, 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 ’23 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, JHL Capital Group LLC sold 647,832 shares at $21.70 per share on May 26 ’23. Company shares held by the 10% Owner now total 0.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, MP has a high of $28.75 and a low of $12.68.

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 6 estimates, with a high estimate of $0.03 per share and a lower estimate of -$0.09.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 $7.67, 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 4.60.

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