MP Materials Corp. (MP) is a Great Momentum Stock: Should You Buy?

Company Overview - MP Materials Corp. currently holds a Momentum Style Score of B, indicating potential for strong performance in the market [3] - The company has a Zacks Rank of 2 (Buy), which is associated with a history of outperforming the market [4] Price Performance - Over the past week, MP shares have increased by 2.59%, while the Zacks Mining - Miscellaneous industry has decreased by 6.75% [6] - In the last quarter, MP shares have surged by 229.27%, and over the past year, they have gained 522.86% [7] - The monthly price change for MP is 119.27%, significantly outperforming the industry's 2.19% [6] Trading Volume - MP's average 20-day trading volume is 24,739,418 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Estimates - In the past two months, three earnings estimates for MP have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from -$0.53 to -$0.35 [10] - For the next fiscal year, three estimates have moved upwards, with one downward revision noted [10] Conclusion - Considering the positive price momentum, trading volume, and favorable earnings outlook, MP Materials Corp. is positioned as a strong candidate for investment with a Momentum Score of B [12]