MP Materials Corp.’s Stock Market Gains Outpace MP Materials Corp.
MP Materials Corp. closed at $29.41 for the most recent trading session. This is a +1.94% gain over the previous trading day. The stock outpaced the S&P 500’s daily gain of 0.34%. The Dow gained 0.4% while the tech-heavy Nasdaq gained 8.98%.
Shares of the company lost 7.32% during the month ending March, according to today’s report. In that same time, the Basic Materials sector gained 4.52%, while the S&P 500 gained 1%.
Wall Street will look for optimism from MP Materials Corp. when it reports its next earnings report. Analysts predict that MP Materials Corp. will post earnings of $0.16 per share in the next earnings report. This would represent a 48.39% decrease in year-overyear earnings. Our consensus estimate for revenue is $88.38 Million, which is 10.83% lower than the quarter before.
Investors might notice recent changes in analyst estimates for MP Materials Corp. These revisions tends to reflect the evolving nature short-term business trends. Positive revisions of analyst estimates can be viewed as a sign for optimism about the company’s business outlook.
Research has shown that these estimate revisions directly correlate with near-term share market momentum. This phenomenon inspired us to create the Zacks Rank. This system considers these changes and provides a clear, practical rating model.
The Zacks Rank system ranges from #1 (Strong Buy), to #5 (Strong Sell). Since 1988, #1 stocks have returned an average +25% annually. The Zacks Consensus EPS estimate remained static over the last month. MP Materials Corp. is currently a Zacks Rank 3 (Hold).
Investors should also take note of MP Materials Corp.’s current valuation metrics. This includes its Forward P/E ratio (26.47). This valuation is a premium when compared to the industry’s average Forward PE of 11.32.
Investors should note that MP currently has a PEG Ratio of 1.63. While the PEG ratio can be compared to the more popular P/E ratio this metric also accounts for the company’s expected earnings increase rate. As of yesterday’s close, the Mining – Miscellaneous sector had a PEG ratio of 1.92.
Basic Materials also includes the Mining-Miscellaneous industry. This group is ranked 67 on Zacks Industry Rank, making it one of the top 27% among all 250+ industries.
The Zacks Industries Rank is a measure of the strength and stability of industry groups. It measures the average Zacks Rank for individual stocks within each group. Our research has shown that the top half of industries are rated higher than the bottom 50% by a factor 2 to 1.
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MP Materials Corp. (MP) : Free Stock Analysis Report