Key Points
- MP Materials CEO James Litinsky sold 27,400 shares on Jan. 7 at an average price of $64.01 for about $1.75 million, a 0.21% reduction in his position while still holding 13,078,565 shares.
- MP trades near $65.30 with a 12‑month range of $18.64–$100.25 and a $11.57 billion market cap; the company beat quarterly EPS expectations (‑$0.10 vs. ‑$0.15) but still posts negative margins and ROE, and analysts have a consensus Moderate Buy with an average price target of $78.91.
MP Materials Corp. (NYSE:MP - Get Free Report) CEO James Litinsky sold 27,400 shares of the company's stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $64.01, for a total transaction of $1,753,874.00. Following the sale, the chief executive officer directly owned 13,078,565 shares of the company's stock, valued at $837,158,945.65. The trade was a 0.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
MP Materials Stock Performance
Shares of NYSE MP opened at $65.30 on Tuesday. MP Materials Corp. has a 12-month low of $18.64 and a 12-month high of $100.25. The firm has a market capitalization of $11.57 billion, a price-to-earnings ratio of -91.97 and a beta of 1.62. The company has a current ratio of 8.05, a quick ratio of 7.51 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $57.48 and a 200 day moving average of $62.28.
MP Materials (NYSE:MP - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.05. MP Materials had a negative net margin of 50.55% and a negative return on equity of 7.69%. The business had revenue of $53.55 million for the quarter, compared to analysts' expectations of $49.72 million. During the same quarter last year, the company posted ($0.12) EPS. The company's revenue was down 14.9% compared to the same quarter last year. On average, research analysts anticipate that MP Materials Corp. will post -0.19 earnings per share for the current year.
Hedge Funds Weigh In On MP Materials
Hedge funds have recently modified their holdings of the stock. Highline Wealth Partners LLC bought a new position in shares of MP Materials during the second quarter worth $25,000. Sound Income Strategies LLC lifted its stake in MP Materials by 420.0% in the 3rd quarter. Sound Income Strategies LLC now owns 364 shares of the company's stock worth $26,000 after purchasing an additional 294 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of MP Materials by 168.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 806 shares of the company's stock valued at $27,000 after purchasing an additional 506 shares during the last quarter. Spire Wealth Management grew its position in shares of MP Materials by 181.3% during the second quarter. Spire Wealth Management now owns 1,010 shares of the company's stock valued at $34,000 after purchasing an additional 651 shares in the last quarter. Finally, Grove Bank & Trust bought a new stake in shares of MP Materials in the third quarter worth about $34,000. Hedge funds and other institutional investors own 52.55% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Daiwa America raised MP Materials to a "strong-buy" rating in a research note on Monday, September 22nd. Morgan Stanley upgraded shares of MP Materials from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $68.50 to $71.00 in a research note on Friday, December 5th. The Goldman Sachs Group started coverage on shares of MP Materials in a research report on Wednesday, November 19th. They issued a "buy" rating and a $77.00 price target for the company. Wall Street Zen cut shares of MP Materials from a "hold" rating to a "sell" rating in a research note on Saturday, November 15th. Finally, JPMorgan Chase & Co. upgraded shares of MP Materials from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $75.00 to $74.00 in a research note on Friday, November 14th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $78.91.
View Our Latest Report on MP
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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