For the readers interested in the stock health of MP Materials Corp. (MP). It is currently valued at $34.14. When the transactions were called off in the previous session, Stock hit the highs of $35.14, after setting-off with the price of $34.12. Company’s stock value dipped to $33.83 during the trading on the day. When the trading was stopped its value was $34.33.
Recently in News on March 24, 2021, MP Materials Announces Pricing of $600 Million Green Convertible Senior Notes Offering. MP Materials Corp. (NYSE: MP) (“MP Materials” or the “Company”) today announced the pricing of an offering of $600 million principal amount of its 0.25% Green Convertible Senior Notes due 2026 (the “notes”) through a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). MP Materials has also granted the initial purchasers an option to purchase, exercisable within the 30-day period immediately following the pricing date of the offering, up to an additional $90 million principal amount of notes. The offering is expected to close on March 26, 2021, subject to customary closing conditions. You can read further details here
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Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, MP Materials Corp. shares are logging -34.05% during the 52-week period from high price, and 249.08% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $9.78 and $51.77.
The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 4402443 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the MP Materials Corp. (MP) recorded performance in the market was 6.12%, having the revenues showcasing 17.16% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 5.96B, as it employees total of 277 workers.
The Analysts eye on MP Materials Corp. (MP)
During the last month, 3 analysts gave the MP Materials Corp. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 1 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 32.34, with a change in the price was noted +22.68. In a similar fashion, MP Materials Corp. posted a movement of +197.91% for the period of last 100 days, recording 5,251,048 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for MP is recording 0.08 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.05.
Technical rundown of MP Materials Corp. (MP)
Raw Stochastic average of MP Materials Corp. in the period of last 50 days is set at 25.20%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 18.71%. In the last 20 days, the company’s Stochastic %K was 21.06% and its Stochastic %D was recorded 23.43%.
Considering, the past performance of MP Materials Corp., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 6.12%. The shares increased approximately by 1.76% in the 7-day charts and went up by -12.69% in the period of the last 30 days. Common stock shares were driven by 17.16% during last recorded quarter.