MP Materials Corp. (MP) Stock Price & Analysis
MP Materials Corp. (MP) closed at USD 38.56 on Thursday, October 22, 2026, down 2.38% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 39.5; the Oct 22, 2026 session ranged USD 37.57–38.96 on volume of 6,011,616 shares. Market capitalization is $6.87B, with a 52-week range of USD 37.57–76.8 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:12 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MP.md
Key facts (MP)
- Last four reported quarters (through Jun 30, 2026): revenue $305M, net income -$60.6M (-19.9% margin), free cash flow -$505M (SEC filings).
- 1 of 80 tracked superinvestors hold MP (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Analysts: Buy (mean 1.79 on a 1–5 scale) (19 analysts), mean target USD 70.76 (range 53–100).
- Total return with dividends: 1Y -43.7% vs S&P 500 +14.9%; 5Y +5.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD -0.01, revenue estimate $119M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MP)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $332M | $528M | $253M | $204M | $224M | $305M |
| Operating income | $165M | $327M | -$17.7M | -$169M | -$149M | -$127M |
| Net income | $135M | $289M | $24.3M | -$65.4M | -$85.9M | -$60.6M |
| EPS (diluted) | $0.73 | $1.52 | $0.14 | -$0.57 | -$0.50 | — |
| Free cash flow | -$21.9M | $16.9M | -$199M | -$173M | -$328M | -$505M |
| Operating margin | 49.8% | 62.1% | -7.0% | -83.1% | -66.6% | -41.5% |
| Net margin | 40.7% | 54.8% | 9.6% | -32.1% | -38.3% | -19.9% |
| Revenue growth | +147.2% | +58.9% | -52.0% | -19.6% | +10.1% | — |
| Cash + short-term investments | $1.18B | $1.18B | $998M | $851M | $1.83B | — |
| Total debt | $675M | $678M | $682M | $909M | $999M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MP)
P/S 22.5x · EV/Sales 20.8x · P/B 3.5x · FCF yield -7.35% · Earnings yield -0.88% · Net cash $518M · EV $6.35B
P/E at fiscal year-ends: Dec 2023 145.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (MP)
1 of 80 tracked investors hold MP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Leon Cooperman | Omega Family Office | 4.74% | $168M | Unchanged |
Analysts (MP)
Consensus Buy (mean 1.79 on a 1–5 scale), 19 analysts; mean target USD 70.76 (low 53, high 100).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-07 | Morgan Stanley | Target lowered | Overweight | $73 → $66 |
| 2026-10-01 | Baird | Target lowered | Outperform | $80 → $65 |
| 2026-09-16 | Freedom Broker | Initiated | Hold | $57 |
| 2026-08-24 | DA Davidson | Maintained | Buy | $82 |
| 2026-07-29 | JP Morgan | Target lowered | Overweight | $75 → $60 |
| 2026-07-22 | Needham | Target lowered | Buy | $81 → $73 |
| 2026-07-16 | Barclays | Target lowered | Overweight | $69 → $65 |
| 2026-07-09 | Deutsche Bank | Target lowered | Buy | $70 → $61 |
| 2026-07-08 | Morgan Stanley | Target raised | Overweight | $70 → $71.5 |
Total return (dividends reinvested) (MP)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -43.7% | +5.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -43.8% | +1.1% |
| Volatility (annualized) | 69.9% | 63.8% |
| Max drawdown | -47.6% (May 2026→Jul 2026) | -80.3% (Mar 2022→Aug 2024) |
MP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.01 | $0.03 | -120.6% | $119.1M | 14 |
| Next quarter (ends Dec 2026) | $0.02 | $0.07 | -68.9% | $140.8M | 14 |
| Current fiscal year (ends Dec 2026) | $-0.00 | $0.18 | -101.8% | $451.4M | 16 |
| Next fiscal year (ends Dec 2027) | $0.78 | $0.96 | -18.9% | $791.0M | 15 |
Key Statistics (as of October 23, 2026 at 10:12 UTC)
| Price | USD 38.56 |
|---|---|
| Change | ▼ 2.38% (down) |
| Previous Close | USD 39.5 |
| Open | USD 38.01 |
| Day Range | USD 37.57 – 38.96 |
| 52-Week Range | USD 37.57 – 76.8 |
| Volume | 6,011,616 shares |
| Market Cap | $6.87B |
| Exchange | NYQ |
Technical Analysis (MP)
Nexqual's technical model rates MP "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:12 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 27.92 (oversold) |
| vs SMA50 | Below (USD 49.99) |
| MACD | -3 (negative) |
Analyst Ratings (MP)
Wall Street analysts rate MP "Buy" based on 19 analysts, with a mean price target of USD 70.76 (range USD 53–100), per Nexqual as of October 23, 2026 at 10:12 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 19 |
| Mean Target | USD 70.76 |
| High Target | USD 100 |
| Low Target | USD 53 |
| Buy / Hold / Sell | 18 / 1 / 0 |
Earnings (MP)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD -0.01 |
| Revenue Estimate | $119.13M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.01 vs est -0 ▼ miss |
| 2026-03-31 | USD 0.03 vs est -0.04 ▲ beat |
| 2025-12-31 | USD 0.09 vs est 0.02 ▲ beat |
| 2025-09-30 | USD -0.1 vs est -0.16 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financials & Fundamentals (MP)
| Total Revenue | $416.25M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +119.70% |
| Gross Margin | +42.33% |
| Operating Margin | -14.72% |
| Profit Margin | -14.56% |
| ROE | -3.58% |
| Debt / Equity | 0.41 |
| Current Ratio | 9.51 |
| Total Cash | $1.45B |
| Total Debt | $981.62M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$504.58M (-165.2% of revenue) |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financial Health Score (MP)
Nexqual rates MP Materials Corp.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:12 UTC.
| Growth | Solid — Revenue +10% YoY (annual) |
|---|---|
| Profitability | Mixed — Gross margin 42%, operating -15% (last 12 months) |
| Balance Sheet | Strong — $1.45B cash and investments vs $935M debt (Jun 2026, SEC), net cash |
| Cash Flow | Weak — FCF negative: -$505M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -4%, ROA -1.5% |
Ownership (MP)
| Insider Ownership | +19.62% |
|---|---|
| Institutional Ownership | +78.45% |
| Shares Outstanding | 178.10M |
| Float | 144.32M |
| Short % of Float | +22.37% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Leadership (MP)
MP Materials Corp. is led by James Henry Litinsky, Co-Founder, Chairman, President & CEO, per Nexqual as of October 23, 2026 at 10:12 UTC.
| Co-Founder, Chairman, President & CEO | James Henry Litinsky |
|---|---|
| Co-Founder & COO | Michael Stuart Rosenthal |
| Chief Financial Officer | Ryan S. Corbett |
| Chief Technology Officer | Zachary Lehman |
| Senior Vice President of Investor Relations | Martin Sheehan |
Major Backers & Investors (MP)
Notable institutional backers of MP Materials Corp. include Hancock Prospecting Pty Ltd, Shaw D.E. & Co., Inc., Morgan Stanley, according to Nexqual as of October 23, 2026 at 10:12 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Hancock Prospecting Pty Ltd | 8.34% |
| Shaw D.E. & Co., Inc. | 3.27% |
| Morgan Stanley | 2.68% |
| Van Eck Associates Corporation | 2.56% |
| UBS Group AG | 2.43% |
| Invesco | 1.99% |
| VanEck ETF Trust-VanEck Rare Earth and Strategic Metals ETF | 1.47% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 8.27% |
| Vanguard Group | 7.72% |
| State Street | 4.36% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| MTRN | Materion Corporation | USD 219.12 | ▼ 12.43% |
| RML | RESOLUTION MINERALS LTD | USD 4.35 | ▼ 3.97% |
| SKE | Skeena Resources Limited | USD 28.74 | ▼ 9.25% |
| USAR | USA Rare Earth, Inc. | USD 9.63 | ▼ 5.87% |
| ALM | Almonty Industries Inc. | USD 8.75 | ▼ 6.32% |
| SSMR | Sunshine Silver Mining & Refini | USD 13.17 | ▼ 0.83% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:12 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt