Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Mp Materials Corp before investing.

In this article, we go over a few key elements for understanding Mp Materials Corp’s stock price such as:

• Mp Materials Corp’s current stock price and volume
• Why Mp Materials Corp’s stock price changed recently
• Upgrades and downgrades for MP from analysts
• MP’s stock price momentum as measured by its relative strength

About Mp Materials Corp (MP)

Before we jump into Mp Materials Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

MP Materials Corp. produces specialty materials that are vital inputs for electrification and other advanced technologies. The Company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility (Mountain Pass). Processing of rare earth materials at Mountain Pass includes five primary process steps: mining and crushing; milling and flotation; roasting, leaching and impurity removal; separation and extraction; and product finishing. The Company produces a rare earth concentrate that is principally sold to Shenghe Resources (Singapore) International Trading Pte. Ltd. (Shenghe) which, in turn, sells that product to refiners in China. These refiners separate the constituent rare earth elements (REE) contained in the Company's concentrate and sell the separated products to their customers. The Company is expanding its manufacturing operations downstream to provide a full supply chain solution from materials to magnetics.

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Mp Materials Corp’s Stock Price as of Market Close

As of March 13, 2024, 4:00 PM, CST, Mp Materials Corp’s stock price was $14.05.

Mp Materials Corp is down 5.13% from its previous closing price of $14.81.

During the last market session, Mp Materials Corp’s stock traded between $14.71 and $15.39. Currently, there are 177.62 million shares of Mp Materials Corp stock available for purchase.

Mp Materials Corp’s price-earnings (P/E) ratio is currently at 118.5, which is high compared to the Non-Gold Precious Metals & Minerals industry median of 16.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Mp Materials Corp Stock Price History

Mp Materials Corp’s (MP) price is currently down 7.63% so far this month.

During the month of March, Mp Materials Corp’s stock price has reached a high of $15.72 and a low of $14.02.

Over the last year, Mp Materials Corp has hit prices as high as $30.29 and as low as $14.04. Year to date, Mp Materials Corp’s stock is down 42.13%.

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What Caused Mp Materials Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 12, 2024, there were 3 analysts who downgraded Mp Materials Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Mp Materials Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Mp Materials Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Mp Materials Corp’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Mp Materials Corp (MP) by visiting AAII Stock Evaluator.

Relative Price Strength of Mp Materials Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 12, 2024, Mp Materials Corp has a weighted four-quarter relative price strength of -20.61%, which translates to a Momentum Score of 18 and is considered to be Very Weak.

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Mp Materials Corp Stock Price: Bottom Line

As of March 13, 2024, Mp Materials Corp’s stock price is $14.05, which is down 5.13% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Mp Materials Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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