|Bid||30.96 x 900|
|Ask||30.99 x 800|
|Day's range||30.82 - 32.66|
|52-week range||26.19 - 60.19|
|Beta (5Y monthly)||2.64|
|PE ratio (TTM)||20.08|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
With rising demand for advanced computing hardware and renewable energy solutions, many investors have hope for the rare-earth elements (REEs) niche of the mining industry. Fortunately, just a trace amount of a REE like cerium, neodymium, lanthanum, or terbium can go a long way in the manufacture of all sorts of items from batteries to medical equipment. Most REE production takes place in China, so many investors looking for a U.S.-based company have landed on MP Materials (NYSE: MP) as a top way to invest in this space.
After reporting earnings for fiscal Q3 the previous evening, MP stock soared 8.7% when markets reopened as investors cheered MP's beating analyst targets on both top and bottom lines. Where Wall Street had predicted MP would earn $0.30 per share (pro forma), the company reported a 20% beat -- $0.36 per share. Sales and earnings at MP Materials didn't just exceed expectations -- they grew 25% and 43% year over year, respectively, with earnings growing nearly twice as fast as sales.
MP Materials Corp. (MP) delivered earnings and revenue surprises of 20% and 4.66%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?