Key Points
- CEO James Litinsky sold 272,600 shares on January 8 at an average price of $64.17 for a total of $17,492,742, reducing his stake by 2.08% to 12,805,965 shares (valued at ~ $821.76M).
- MP Materials has a market cap of about $10.98 billion, opened at $61.98 on the latest trading day, and reported last-quarter EPS of -$0.10 (beating estimates) with revenue of $53.55M, though revenue was down 14.9% year-over-year and the company shows a negative net margin (50.55%) and negative ROE (7.69%).
- Analyst sentiment is generally positive — consensus rating "Moderate Buy" with an average price target of $78.91 — and institutional investors own roughly 52.55% of the stock.
MP Materials Corp. (NYSE:MP - Get Free Report) CEO James Litinsky sold 272,600 shares of the firm's stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $64.17, for a total transaction of $17,492,742.00. Following the completion of the sale, the chief executive officer owned 12,805,965 shares in the company, valued at approximately $821,758,774.05. The trade was a 2.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
MP Materials Price Performance
Shares of MP Materials stock opened at $61.98 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 8.05 and a quick ratio of 7.51. The company has a market cap of $10.98 billion, a PE ratio of -87.30 and a beta of 1.62. The firm has a fifty day moving average price of $57.33 and a two-hundred day moving average price of $61.70. MP Materials Corp. has a fifty-two week low of $18.64 and a fifty-two week high of $100.25.
MP Materials (NYSE:MP - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.05. The company had revenue of $53.55 million for the quarter, compared to the consensus estimate of $49.72 million. MP Materials had a negative net margin of 50.55% and a negative return on equity of 7.69%. The business's revenue was down 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.12) EPS. Analysts expect that MP Materials Corp. will post -0.19 EPS for the current year.
Institutional Trading of MP Materials
Institutional investors have recently bought and sold shares of the stock. Wolff Wiese Magana LLC raised its stake in MP Materials by 28.1% during the third quarter. Wolff Wiese Magana LLC now owns 806 shares of the company's stock worth $54,000 after acquiring an additional 177 shares in the last quarter. Miracle Mile Advisors LLC grew its holdings in shares of MP Materials by 1.0% in the 3rd quarter. Miracle Mile Advisors LLC now owns 18,162 shares of the company's stock worth $1,218,000 after purchasing an additional 188 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of MP Materials by 1.7% in the 3rd quarter. Wedmont Private Capital now owns 11,824 shares of the company's stock worth $872,000 after purchasing an additional 195 shares during the last quarter. IMG Wealth Management Inc. increased its position in shares of MP Materials by 4.7% during the 3rd quarter. IMG Wealth Management Inc. now owns 4,446 shares of the company's stock worth $298,000 after purchasing an additional 200 shares in the last quarter. Finally, Rothschild Investment LLC increased its position in shares of MP Materials by 4.0% during the 3rd quarter. Rothschild Investment LLC now owns 5,252 shares of the company's stock worth $352,000 after purchasing an additional 202 shares in the last quarter. Institutional investors and hedge funds own 52.55% of the company's stock.
Wall Street Analyst Weigh In
MP has been the subject of a number of research reports. DA Davidson reiterated a "buy" rating and issued a $82.00 price objective on shares of MP Materials in a research report on Thursday, November 20th. JPMorgan Chase & Co. upgraded MP Materials from a "neutral" rating to an "overweight" rating and cut their target price for the company from $75.00 to $74.00 in a research note on Friday, November 14th. Deutsche Bank Aktiengesellschaft raised MP Materials from a "hold" rating to a "buy" rating and raised their target price for the stock from $68.00 to $71.00 in a research report on Monday, November 10th. BMO Capital Markets raised shares of MP Materials from a "market perform" rating to an "outperform" rating and lowered their price target for the company from $76.00 to $75.00 in a report on Monday, November 24th. Finally, The Goldman Sachs Group initiated coverage on shares of MP Materials in a research note on Wednesday, November 19th. They issued a "buy" rating and a $77.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, MP Materials currently has a consensus rating of "Moderate Buy" and an average price target of $78.91.
Read Our Latest Stock Report on MP Materials
MP Materials Company Profile
(
Get Free Report)
MP Materials Corporation operates as a vertically integrated producer of rare earth materials in North America. The company owns and manages the Mountain Pass Rare Earth Mine and Processing Facility in California, the only commercially viable rare earth mining and processing site in the United States. MP Materials extracts, separates and refines critical rare earth elements—such as neodymium, praseodymium, and cerium—which are essential inputs for permanent magnets used in electric vehicles, wind turbines, and various defense applications.
The Mountain Pass mine first began commercial rare earth production in the 1950s and was later operated by Molycorp until its bankruptcy in 2015.
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