Published on 25 Mar 2024 on Zacks via Yahoo Finance
MP Materials Corp. (MP) Rises As Market Takes a Dip: Key Facts
MP Materials Corp. (MP) closed at $13.82 in the latest trading session, marking a +1.17% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.31% for the day. Meanwhile, the Dow experienced a drop of 0.41%, and the technology-dominated Nasdaq saw a decrease of 0.27%.
The company's stock has dropped by 8.93% in the past month, falling short of the Basic Materials sector's gain of 5.14% and the S&P 500's gain of 3.05%.
The investment community will be closely monitoring the performance of MP Materials Corp. in its forthcoming earnings report. The company is forecasted to report an EPS of $0, showcasing a 100% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $48.96 million, indicating a 48.84% decrease compared to the same quarter of the previous year.