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After finishing at $12.10 in the prior trading day, MultiPlan Corp (NYSE: MPLN) closed at $12.37, up 2.23%. In other words, the price has increased by $2.23 from its previous closing price. On the day, 0.14 million shares were traded. MPLN stock price reached its highest trading level at $12.8099 during the session, while it also had its lowest trading level at $11.4308.
Ratios:
Our goal is to gain a better understanding of MPLN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.02. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.05. In the meantime, Its Debt-to-Equity ratio is 21.86 whereas as Long-Term Debt/Eq ratio is at 21.78.
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:
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 Nov 15 ’24 when Kim Michael bought 40,000 shares for $6.24 per share. The transaction valued at 249,588 led to the insider holds 1,312,772 shares of the business.
Mintz William B. bought 197,000 shares of MPLN for $78,800 on Aug 07 ’24. The SVP, Corp. Affairs/Strategy now owns 2,206,736 shares after completing the transaction at $0.40 per share. On Aug 06 ’24, another insider, Mintz William B., who serves as the SVP, Corp. Affairs/Strategy of the company, bought 81,165 shares for $0.31 each. As a result, the insider paid 25,559 and bolstered with 2,009,736 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 200037744 and an Enterprise Value of 4667307520. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.21 while its Price-to-Book (P/B) ratio in mrq is 0.96. Its current Enterprise Value per Revenue stands at 4.951 whereas that against EBITDA is 8.37.
Stock Price History:
The Beta on a monthly basis for MPLN is 0.31, which has changed by -0.7545635 over the last 52 weeks, in comparison to a change of 0.23806548 over the same period for the S&P500. Over the past 52 weeks, MPLN has reached a high of $53.60, while it has fallen to a 52-week low of $4.80. The 50-Day Moving Average of the stock is 41.02%, while the 200-Day Moving Average is calculated to be -17.82%.
Shares Statistics:
The stock has traded on average 134.83K shares per day over the past 3-months and 488810 shares per day over the last 10 days, according to various share statistics. A total of 16.17M shares are outstanding, with a floating share count of 6.58M. Insiders hold about 59.33% of the company’s shares, while institutions hold 31.52% stake in the company. Shares short for MPLN as of 1734048000 were 302555 with a Short Ratio of 2.24, compared to 1731628800 on 265401. Therefore, it implies a Short% of Shares Outstanding of 302555 and a Short% of Float of 3.06.
Earnings Estimates
Currently, 1.0 analysts are dedicated to thoroughly evaluating and rating the performance of MultiPlan Corp (MPLN) in the stock market.The consensus estimate for the next quarter is -$2.14, with high estimates of -$2.14 and low estimates of -$2.14.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is -$8.08, with 1 analysts recommending between -$8.08 and -$8.08.
Revenue Estimates
2 analysts predict $234.77M in revenue for the current quarter. It ranges from a high estimate of $236.74M to a low estimate of $232.81M. As of the current estimate, MultiPlan Corp’s year-ago sales were $244.1MFor the next quarter, 2 analysts are estimating revenue of $221.6M. There is a high estimate of $221.6M for the next quarter, whereas the lowest estimate is $221.6M.
A total of 2 analysts have provided revenue estimates for MPLN’s current fiscal year. The highest revenue estimate was $935.22M, while the lowest revenue estimate was $931.28M, resulting in an average revenue estimate of $933.25M. In the same quarter a year ago, actual revenue was $961.52MBased on 2 analysts’ estimates, the company’s revenue will be $943.09M in the next fiscal year. The high estimate is $945.36M and the low estimate is $940.81M.
