Previous Close | 38.48 |
Open | 39.21 |
Bid | 39.29 x 800 |
Ask | 40.93 x 800 |
Day's Range | 38.81 - 40.12 |
52 Week Range | 27.48 - 60.19 |
Volume | |
Avg. Volume | 2,835,343 |
Market Cap | 6.989B |
Beta (5Y Monthly) | 3.30 |
PE Ratio (TTM) | 59.26 |
EPS (TTM) | 0.66 |
Earnings Date | Mar 16, 2022 - Mar 21, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 47.90 |
MP Materials' (MP) Q2 results reflect gains from strong demand for rare earth materials and upbeat realized sales prices of REO in concentrate.
MP Materials Corp. (MP) delivered earnings and revenue surprises of 19.44% and 15.09%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Rare earths miner MP Materials Inc reported a better-than-expected quarterly profit on Thursday due to rising demand and prices for the materials used to make electric vehicles and a range of consumer goods. Excluding stock-based compensation expenses and other one-time items, MP earned 43 cents per share. Rare earths are a grouping of 17 metals used to make magnets found in motors that turn electricity into motion.