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The closing price of MultiPlan Corp (NYSE: MPLN) was $0.44 for the day, up 1.47% from the previous closing price of $0.44. In other words, the price has increased by $1.47 from its previous closing price. On the day, 3.55 million shares were traded. MPLN stock price reached its highest trading level at $0.4477 during the session, while it also had its lowest trading level at $0.4093.
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 4.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.96. 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:
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 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 284709216 and an Enterprise Value of 4774920192. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30 while its Price-to-Book (P/B) ratio in mrq is 0.24. Its current Enterprise Value per Revenue stands at 4.977 whereas that against EBITDA is 8.256.
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 $0.42. The 50-Day Moving Average of the stock is -33.77%, while the 200-Day Moving Average is calculated to be -63.27%.
Shares Statistics:
MPLN traded an average of 2.47M shares per day over the past three months and 2673680 shares per day over the past ten days. A total of 648.32M shares are outstanding, with a floating share count of 271.08M. Insiders hold about 57.96% 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 9.03, compared to 1713139200 on 16736260. Therefore, it implies a Short% of Shares Outstanding of 22312414 and a Short% of Float of 6.23.
