MP Materials Corp. (NYSE:MP): Market Capitalization Reached at $5.85 billion

Northland Capital rated the MP Materials Corp. (NYSE: MP) stock “an Outperform” and gave the company’s common stock a price target of $25. Northland Capital’s estimates were contained in a research note released on Thursday, December 03, 2020. Several other experts on Wall Street have posted such reports regarding the MP shares.According to Deutsche Bank, the stock is “a Buy,” and set its price target at $25. Deutsche Bank published their figures in a research note released to investors on Tuesday, December 01, 2020.


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Wall Street analysts tracking the MP Materials Corp. (NYSE: MP) stock on daily basis. Out of 3 analysts, 2 deeming the stock a Buy and 0 gave it a rating of OVERWEIGHT. Another 1 recommended that MP is a HOLD, while 0 rated it UNDERWEIGHT and the same number recommended SELL. If we look at the broader picture, the above ratings give the stock an average analyst rating of 2.00.

The stock market has more often than not ended up being extremely baffling, catching even some of the more experienced traders by surprise. It happens that even when results are as projected, the market sometimes just takes a sudden turn towards the opposite direction. Often such events lead to doubt and much speculation. At such time, it may pay to keep tabs on a stock’s historical price performance. Useful also would be knowledge of the stock’s trends, both the short term and long-term. MP Materials Corp. (NYSE: MP) share prices have increased by 18.32% over the past week, but are up 142.18% over prices posted in the last quarter. Going further back, the stock’s price has tanked 246.80% over the last 6 months but is up 7.80% in year-to-date trading.

A recent spot check on the stock’s support and resistance revealed that the publicly-traded MP Materials Corp. (NYSE: MP) shares are trading at a price close to -14.87% lower than its 90-day high. On the other hand, the stock is +221.11% away from its low in the 90-day period. More broadly, MP’s current price is -14.87% away from 52-week high. The price is 254.60% above from its 52-week low.

Focusing on the company’s market volatility shows that it has a 1-Week Volatility index of 8.27%, and 9.57% for the month. This stock’s Average True Range (ATR) currently stands at 3.02. The indicator of Volatility helps exhibit the extent to which a stock is likely to plummet or climb when the rest of the market also dips or surges. If a stock has a beta score above 1, then its rate of volatility is high. Figures lower than 1, therefore, means that the stock’s volatility at that particular moment is low.

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Shares of the MP Materials Corp. (NYSE: MP) gained by $5.18 during Tuesday’s regular trading session to climb to $34.68. The company had a daily trading volume of 7.28 million shares, higher than its average intra-day trading volumes of about 3.09M shares.

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Melanie Gerald
I am a previous Investment and Commercial Banker with more than 30 years involvement in the field. I have been prompting the two people and institutional customers on high return speculation techniques since 1991. MY goal is to bring financial specialists the most beneficial and freshest high profit thoughts. My exploration intends to expand returns by recognizing underestimated protections in the High Yield space.

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