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 Video: Compound Annual Growth Rate (CAGR) Definition
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| Date |
Open |
High |
Low |
Close |
Volume |
| 04/18/2024 |
$16.94 |
$17.00 |
$16.25 |
$16.46 |
3.08M | | 04/19/2024 |
$16.26 |
$16.71 |
$16.22 |
$16.45 |
2.44M | | 04/22/2024 |
$16.36 |
$16.36 |
$15.85 |
$15.92 |
2.46M | | 04/23/2024 |
$15.28 |
$16.11 |
$15.12 |
$15.86 |
2.73M | | 04/24/2024 |
$15.93 |
$15.93 |
$15.35 |
$15.74 |
2.33M |
|
|
| MP Materials is a producer of rare earth materials in the Western Hemisphere. Co. owns and operates the Mountain Pass Rare Earth Mine and Processing Facility. Separated rare earth elements (REE) are inputs for magnets that enable the mobility of electric vehicles, drones, defense systems, wind turbines, robotics and other technologies. Co. produces a rare earth concentrate that it sells pursuant to the amended and restated offtake agreement with Shenghe Resources (Singapore) International Trading Pte. Ltd., that, in turn, sells that product to refiners in China. These refiners separate the constituent REE contained in Co.'s concentrate and sell the separated products to their customers. | |
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MP Materials (MP) has the following price history information. Looking back at MP historical stock prices for the last five trading days, on April 18, 2024, MP opened at $16.94, traded as high as $17.00 and as low as $16.25, and closed at $16.46. Trading volume was a total of 3.08M shares. On April 19, 2024, MP opened at $16.26, traded as high as $16.71 and as low as $16.22, and closed at $16.45. Trading volume was a total of 2.44M shares. On April 22, 2024, MP opened at $16.36, traded as high as $16.36 and as low as $15.85, and closed at $15.92. Trading volume was a total of 2.46M shares. On April 23, 2024, MP opened at $15.28, traded as high as $16.11 and as low as $15.12, and closed at $15.86. Trading volume was a total of 2.73M shares. On April 24, 2024, MP opened at $15.93, traded as high as $15.93 and as low as $15.35, and closed at $15.74. Trading volume was a total of 2.33M shares.
MP Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into MP Materials shares, starting with a $10,000 purchase of MP, and working forward through the historical stock price information to today.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
06/23/2020 |
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| End date: |
04/24/2024 |
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| Start price/share: |
$9.91 |
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| End price/share: |
$15.74 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
58.83% |
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| Average Annual Total Return: |
12.81% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,882.86 |
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| Years: |
3.84 |
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| Date |
Close |
| 04/18/2024 | $16.46 | | 04/19/2024 | $16.45 | | 04/22/2024 | $15.92 | | 04/23/2024 | $15.86 | | 04/24/2024 | $15.74 |
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