Closing Bell Recap: MultiPlan Corp (MPLN) Ends at 0.37, Reflecting a -4.31 Downturn

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MultiPlan Corp (NYSE: MPLN) closed the day trading at $0.37 down -4.31% from the previous closing price of $0.38. In other words, the price has decreased by -$4.31 from its previous closing price. On the day, 7.68 million shares were traded. MPLN stock price reached its highest trading level at $0.41 during the session, while it also had its lowest trading level at $0.36.

Ratios:

For a better understanding of MPLN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.77. For the most recent quarter (mrq), Quick Ratio is recorded 0.98 and its Current Ratio is at 0.98. In the meantime, Its Debt-to-Equity ratio is 3.88 whereas as Long-Term Debt/Eq ratio is at 3.87.

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 the company, Citigroup on December 13, 2022, Downgraded its rating to Neutral and sets its target price to $2 from $3 previously.

On July 12, 2022, Goldman started tracking the stock assigning a Neutral rating and target price of $6.50.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 16 ’24 when Colaluca Anthony Jr bought 160,000 shares for $0.60 per share. The transaction valued at 96,000 led to the insider holds 220,000 shares of the business.

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 236344096 and an Enterprise Value of 4726555136. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25 while its Price-to-Book (P/B) ratio in mrq is 0.20. Its current Enterprise Value per Revenue stands at 4.926 whereas that against EBITDA is 8.173.

Stock Price History:

Over the past 52 weeks, MPLN has reached a high of $2.29, while it has fallen to a 52-week low of $0.35. The 50-Day Moving Average of the stock is -37.76%, while the 200-Day Moving Average is calculated to be -67.91%.

Shares Statistics:

Over the past 3-months, MPLN traded about 2.43M shares per day on average, while over the past 10 days, MPLN traded about 3235970 shares per day. A total of 648.32M shares are outstanding, with a floating share count of 264.91M. Insiders hold about 58.92% of the company’s shares, while institutions hold 34.82% stake in the company. Shares short for MPLN as of 1715731200 were 22312414 with a Short Ratio of 10.68, compared to 1713139200 on 16736260. Therefore, it implies a Short% of Shares Outstanding of 22312414 and a Short% of Float of 6.23.

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