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The price of MultiPlan Corp (NYSE: MPLN) closed at $0.43 in the last session, up 8.13% from day before closing price of $0.40. In other words, the price has increased by $8.13 from its previous closing price. On the day, 1.46 million shares were traded. MPLN stock price reached its highest trading level at $0.4479 during the session, while it also had its lowest trading level at $0.395.
Ratios:
We take a closer look at MPLN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.73. 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 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 275423104 and an Enterprise Value of 4765634048. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.29 while its Price-to-Book (P/B) ratio in mrq is 0.24. Its current Enterprise Value per Revenue stands at 4.967 whereas that against EBITDA is 8.24.
Stock Price History:
The Beta on a monthly basis for MPLN is 0.74, which has changed by -0.7832487 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, MPLN has reached a high of $2.16, while it has fallen to a 52-week low of $0.26. The 50-Day Moving Average of the stock is -11.62%, while the 200-Day Moving Average is calculated to be -58.46%.
Shares Statistics:
According to the various share statistics, MPLN traded on average about 3.70M shares per day over the past 3-months and 2223220 shares per day over the past 10 days. A total of 648.32M shares are outstanding, with a floating share count of 260.41M. Insiders hold about 59.62% of the company’s shares, while institutions hold 34.81% stake in the company. Shares short for MPLN as of 1719532800 were 22180477 with a Short Ratio of 6.00, compared to 1717113600 on 25939967. Therefore, it implies a Short% of Shares Outstanding of 22180477 and a Short% of Float of 6.1899999999999995.
