MP Materials (NYSE:MP) Trading Down 4.2% - What's Next?

Shares of MP Materials Corp. (NYSE:MP - Get Free Report) dropped 4.2% during trading on Tuesday . The company traded as low as $24.12 and last traded at $23.80. Approximately 271,833 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 3,572,272 shares. The stock had previously closed at $24.85.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets lifted their price target on MP Materials from $22.00 to $29.00 and gave the company a "market perform" rating in a report on Thursday, March 20th. DA Davidson lifted their price target on shares of MP Materials from $25.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.61.

MP Materials Trading Down 1.6 %

The firm has a market capitalization of $4.00 billion, a P/E ratio of -41.40 and a beta of 2.24. The company has a current ratio of 6.93, a quick ratio of 6.13 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average of $24.71 and a two-hundred day moving average of $21.53.

MP Materials (NYSE:MP - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.05). The company had revenue of $60.99 million for the quarter, compared to analyst estimates of $50.71 million. MP Materials had a negative net margin of 32.09% and a negative return on equity of 8.44%. On average, analysts anticipate that MP Materials Corp. will post -0.19 EPS for the current year.

Insiders Place Their Bets

In other MP Materials news, CEO James H. Litinsky sold 199,180 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $27.08, for a total transaction of $5,393,794.40. Following the sale, the chief executive officer now owns 13,643,076 shares in the company, valued at approximately $369,454,498.08. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ryan Corbett sold 60,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $25.51, for a total value of $1,530,600.00. Following the transaction, the chief financial officer now owns 230,100 shares of the company's stock, valued at approximately $5,869,851. The trade was a 20.68 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,330,015 shares of company stock valued at $34,559,781. 12.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. NBC Securities Inc. boosted its position in MP Materials by 119,900.0% during the first quarter. NBC Securities Inc. now owns 1,200 shares of the company's stock worth $29,000 after acquiring an additional 1,199 shares during the last quarter. Quadrant Capital Group LLC increased its stake in MP Materials by 40.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,441 shares of the company's stock valued at $38,000 after purchasing an additional 701 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in MP Materials in the fourth quarter valued at approximately $40,000. Geneos Wealth Management Inc. lifted its position in MP Materials by 205.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,749 shares of the company's stock worth $43,000 after acquiring an additional 1,849 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of MP Materials by 204.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,275 shares of the company's stock worth $51,000 after buying an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 52.55% of the company's stock.

MP Materials Company Profile

MP Materials Corp., together with its subsidiaries, produces rare earth materials. The company owns and operates the Mountain Pass Rare Earth mine and processing facility in North America. It holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals.

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