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) in North America, and is constructing a rare earth metal, alloy and magnet manufacturing facility in Fort Worth, Texas (the Fort Worth Facility). The Company produces rare earth concentrate products as well as refined rare earth oxides and related products. It is producing separated rare earth products, including neodymium-praseodymium (NdPr) oxide. The Company has a distributorship agreement with Sumitomo Corporation of Americas (Sumitomo), under which Sumitomo serves as the exclusive distributor of the NdPr oxide and NdPr metal produced by the Company to Japanese customers.

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Mp Materials Corp’s Stock Price as of Market Close

As of September 30, 2024, 4:00 PM, CST, Mp Materials Corp’s stock price was $17.65.

Mp Materials Corp is down 4.02% from its previous closing price of $18.39.

During the last market session, Mp Materials Corp’s stock traded between $17.21 and $18.42. Currently, there are 165.34 million shares of Mp Materials Corp stock available for purchase.

Unfortunately, Mp Materials Corp’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Mp Materials Corp Stock Price History

Mp Materials Corp’s (MP) price is currently up 36.82% so far this month.

During the month of September, Mp Materials Corp’s stock price has reached a high of $18.49 and a low of $12.39.

Over the last year, Mp Materials Corp has hit prices as high as $20.85 and as low as $10.02. Year to date, Mp Materials Corp’s stock is down 27.31%.

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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 September 27, 2024, there was 1 analyst who downgraded Mp Materials Corp’s stock and 0 analysts 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 D, which means it is considered to be 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 September 27, 2024, Mp Materials Corp has a weighted four-quarter relative price strength of 3.67%, which translates to a Momentum Score of 73 and is considered to be Strong.

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Mp Materials Corp Stock Price: Bottom Line

As of September 30, 2024, Mp Materials Corp’s stock price is $17.65, which is down 4.02% 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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