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How to Buy Mp Materials Stock

Mp Materials Corp

MP Mine Operations LLC, doing business as MP Materials, owns and operates Mountain Pass, which is a rare earth mining and processing site of scale in North America.

Mp Materials stock last closed at $16.50, down 2.02% from the previous day, and has decreased 40.99% in one year. It has underperformed other stocks in the Other Industrial Metals & Mining industry by 0.14 percentage points. Mp Materials stock is currently +30.13% from its 52-week low of $12.68, and -41.59% from its 52-week high of $28.25.

At the moment, there are 178.08M shares of MP outstanding. The market cap of MP is $2.94B. In the past 24 hours, 2.65M MP shares were traded.

How to Buy Mp Materials Stock

Not sure how to invest in Mp Materials stock? Here's how.
  1. Decide where to buy Mp Materials stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you figure out where to buy Mp Materials stock.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit funds into your investment account: Select your payment method and add your information.
  4. Evaluate Mp Materials stock: The Mp Materials ticker symbol is MP. Is Mp Materials stock a good investment? Should you buy shares of MP? How do MP's underlying business fundamentals look? Do top analysts think Mp Materials is a good buy? Why has MP's stock price moved recently? (Hint: Our stock research tools can help you evaluate if MP is a good stock to buy).
  5. Execute your MP trade: Decide if you will purchase MP shares at the current market price or use a limit order to buy MP stock at a given price.
  6. Get notifications regarding your investment in MP: Create a watchlist to key updates about your investment in Mp Materials shares.

Step 1: Decide where to buy Mp Materials stock

You need an online brokerage account to access the NYSE market and buy MP stock.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've chosen the best brokerage, you'll need to fill out some personal info so you can invest in MP stock today.

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  2. Enter your personal data to open a new brokerage account.
  1. Submit your information by hitting the "Create Account" button.
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Step 3: Deposit funds into your investment account

Now that you've filled out your info on the best stock broker app, you need to deposit funds:

Check out the walkthrough below to see the process of transferring money into your new investment account.

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Step 4: Evaluate Mp Materials stock

Once you have figured out the best place to buy Mp Materials stock, it's absolutely critical to research their stock prior to buying, so you actually comprehend the risk and opportunity.

Mp Materials stock at a glance

MP Price
$16.50
1w %
3%
1y %
-40.99%
5y %
N/A
P/E
117.86x
P/B
2.15x
P/S
11.54x
PEG
N/A
Revenue
$253.45M
Earnings
$24.31M
Fore. Rev. Growth
32.69%
Fore. Earn. Growth
N/A
Market Cap
$2.94B
Next Earnings
May 2, 2024
Next Dividend
N/A

Fundamentals of MP

WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on MP's stock page.

Is MP stock properly valued?

You can use many financial metrics, analyses, models, and charts to gauge MP's intrinsic value.

Using relative valuations methods:

  • MP may be overvalued based on its P/E ratio of 117.86x, relative to Other Industrial Metals & Mining industry P/E ratio of 13.15x
  • MP could be undervalued based on its P/B ratio of 2.15x, relative to Other Industrial Metals & Mining industry P/B ratio of 2.22x

You can do more valuation research on MP's stock here.

MP Financial Summary

Passed Financial Due Diligence Checks:

  • MP has cash burn of 196380000. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than long-term liabilities on the MP balance sheet.
  • Total MP debt is lower than 5 years ago, relative to shareholder equity.
  • MP has $997.84M in cash and short term investments. This is sufficient to cover its annual cash burn of $196.38M.
  • There are more short-term assets than short-term liabilities on the MP balance sheet.

Failed Financial Due Diligence Checks:

  • MP has a relatively high debt to equity ratio of 0.71.
  • MP profit margin has gone down from 54.8% to 9.6% in the past year.

Do analysts think it's a good time to buy Mp Materials stock

Out of 7 Equities analysts who monitor MP, the consensus analyst rating on MP is a Strong Buy

Please note that analyst ratings are not stock recommendations, nor are they investment advice.

Most Recent MP Analyst Recommendations

Tyler Langton, a top 32% analyst from JP Morgan maintains MP with a strong buy rating and lowers their MP price target from $22.00 to $20.00, on Feb 23, 2024.

Subash Chandra, a top 4% analyst from Benchmark reiterates MP with a strong buy rating and maintains their MP price target from $30.00 to $30.00, on Nov 14, 2023.

You can dig deeper into what analysts are forecasting on the Mp Materials stock forecast page.

MP Momentum

SMA10
16.06
SMA20
14.99
SMA50
15.34
SMA100
16.29
SMA200
18.29
MACD
0.54
MACD Signal
0.23
MACD Histogram
0.31
RSI
58.47
Stochastic %K
82.36
Stochastic %D
89.81
StochRSI %K
79.6
StochRSI %D
89.38

MP Growth Metrics

Last year, MP earnings were $24.31M. In the last 2 year, MP's earnings have increased by -57.63% per year. This was slower than the Other Industrial Metals & Mining industry average of 6.11%.

Last year, MP revenue was $253.45M. Over the past five year, MP's revenue has grown by 28.12% per year. This was faster than the Other Industrial Metals & Mining industry average of 5.29%.

You can research MP's earnings and revenue performance here.

Who is buying/selling MP?

Over the past 12 months, executives and large shareholders at MP have sold more shares than they have bought.

Ryan Corbett, Chief Financial Officer of MP, was the latest MP insider to sell. They sold $4,017.10 worth of MP shares on Mar 16, 2024.

Dig into more about who owns MP shares here.

Does MP stock generate passive income?

No, Mp Materials doesn't provide an income stream by paying out dividends.

What do other traders have to say about MP?

One of the major reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to see what other community members have to say.

Step 5: Execute your MP trade

You have two primary options:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are generally fine.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a given dollar amount, use a limit order.

Press the Open button and eToro will execute your order.

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Step 6: Get notifications regarding your investment in MP

Now that you own some shares in MP, you'll want to keep up with your stock purchase.

Add MP to a watchlist to get notified of important updates regarding your MP stock.

MP Feed

How to Buy Stock in Mp Materials

To summarize, here are the 6 steps for buying Mp Materials stock:

  1. Decide where to buy Mp Materials stock
  2. Sign up for your brokerage account
  3. Deposit funds into your investment account
  4. Evaluate Mp Materials stock
  5. Execute your MP trade
  6. Get notifications regarding your investment in MP

If you require a brokerage account, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get updates on your new investment in Mp Materials, click the button below.

NYSE: MP
$16.50-0.34 (-2.02%)
Updated Apr 15, 2024
Open eToro Account
NYSE: MP
$16.50-0.34 (-2.02%)
Updated Apr 15, 2024
Open eToro Account

FAQ

How much does it cost to buy one Mp Materials share?

As of Apr 15, 2024, it costs $16.50 to buy one share of Mp Materials stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $8, you can buy 0.485 shares of MP.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Mp Materials stock?

According to 7 Wall Street analysts who monitor Mp Materials, their consensus recommendation is to buy Mp Materials stock.

What is the best way to buy Mp Materials stock?

One way to place an order for Mp Materials stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.