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The closing price of MultiPlan Corp (NYSE: MPLN) was $0.24 for the day, down -2.40% from the previous closing price of $0.25. In other words, the price has decreased by -$2.40 from its previous closing price. On the day, 1.59 million shares were traded. MPLN stock price reached its highest trading level at $0.2569 during the session, while it also had its lowest trading level at $0.2251.
Ratios:
Our analysis of MPLN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.70. For the most recent quarter (mrq), Quick Ratio is recorded 1.06 and its Current Ratio is at 1.06. In the meantime, Its Debt-to-Equity ratio is 7.53 whereas as Long-Term Debt/Eq ratio is at 7.50.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Piper Sandler on June 26, 2024, initiated with a Neutral rating and assigned the stock a target price of $2.
On December 13, 2022, Citigroup Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $3 to $2.
On July 12, 2022, Goldman started tracking the stock assigning a Neutral rating and target price of $6.50.Goldman initiated its Neutral rating on July 12, 2022, with a $6.50 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 07 ’24 when Mintz William B. bought 197,000 shares for $0.40 per share. The transaction valued at 78,800 led to the insider holds 2,206,736 shares of the business.
Mintz William B. bought 81,165 shares of MPLN for $25,559 on Aug 06 ’24. The SVP, Corp. Affairs/Strategy now owns 2,009,736 shares after completing the transaction at $0.31 per share. On Aug 07 ’24, another insider, Dalton Travis, who serves as the Pres., Chief Executive Officer of the company, bought 500,000 shares for $0.37 each. As a result, the insider paid 185,000 and bolstered with 5,004,504 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MPLN now has a Market Capitalization of 157556672 and an Enterprise Value of 4653251584. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.16 while its Price-to-Book (P/B) ratio in mrq is 0.26. Its current Enterprise Value per Revenue stands at 4.873 whereas that against EBITDA is 8.166.
Stock Price History:
Over the past 52 weeks, MPLN has reached a high of $2.00, while it has fallen to a 52-week low of $0.22. The 50-Day Moving Average of the stock is -25.29%, while the 200-Day Moving Average is calculated to be -69.12%.
Shares Statistics:
MPLN traded an average of 3.09M shares per day over the past three months and 2191750 shares per day over the past ten days. A total of 648.32M shares are outstanding, with a floating share count of 274.92M. Insiders hold about 57.42% of the company’s shares, while institutions hold 33.71% stake in the company. Shares short for MPLN as of 1723680000 were 12990572 with a Short Ratio of 4.20, compared to 1721001600 on 13544820. Therefore, it implies a Short% of Shares Outstanding of 12990572 and a Short% of Float of 3.2899998.
