Wrong On Timing, Right On Thesis: Why MP Materials Is Still A Strong Buy

American Bailout Introduction In fact, MP shares are down to less than $13, which is barely above the price it had when it went public through a SPAC deal in 2020. Please note that the share count has been fairly consistent during these years, with an increase from 170.7 million to 178.1 million shares. After peaking at roughly $60 in 2022, the stock has been in a nonstop downtrend, falling to a current market cap of $2.1 billion. It's A Long-Term Secular Trend, Which Makes It So Tough When trading, it's mu ...