With 2.38 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.14 million shares. The 52-week range on MP shows that it touched its highest point at $26.00 and its lowest point at $10.02 during that stretch. It currently has a 1-year price target of $25.55. Beta for the stock currently stands at 2.28.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MP was up-trending over the past week, with a rise of 4.04%, but this was up by 6.03% over a month. Three-month performance surged to 8.09% while six-month performance rose 78.81%. The stock gained 75.05% in the past year, while it has gained 60.13% so far this year. A look at the trailing 12-month EPS for MP yields -0.58 with Next year EPS estimates of 0.70. For the next quarter, that number is -0.11. This implies an EPS growth rate of 49.79% for this year and 416.77% for next year.
Float and Shares Shorts:
At present, 163.20 million MP shares are outstanding with a float of 117.60 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MP since 9 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.37089 being high and -$0.59342 being low. For MP, this leads to a yearly average estimate of -$0.43579. Based on analyst estimates, the high estimate for the next quarter is -$0.06 and the low estimate is -$0.12. The average estimate for the next quarter is thus -$0.09.
