In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, MultiPlan Corp (NYSE: MPLN) closed at $19.61 down -32.84% from its previous closing price of $29.20. In other words, the price has decreased by -$32.84 from its previous closing price. On the day, 0.55 million shares were traded.
Ratios:
For a deeper understanding of MultiPlan Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 0.82. In the meantime, Its Debt-to-Equity ratio is 54.05 whereas as Long-Term Debt/Eq ratio is at 53.84.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34 while its Price-to-Book (P/B) ratio in mrq is 3.78.
Stock Price History:
Over the past 52 weeks, MPLN has reached a high of $48.80, while it has fallen to a 52-week low of $4.80. The 50-Day Moving Average of the stock is 17.26%, while the 200-Day Moving Average is calculated to be 42.54%.
Shares Statistics:
A total of 16.19M shares are outstanding, with a floating share count of 6.76M. Insiders hold about 58.20% of the company’s shares, while institutions hold 39.35% stake in the company.
Earnings Estimates
The stock of MultiPlan Corp (MPLN) is currently being evaluated by 1 analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is -$2.0, with high estimates of -$2.0 and low estimates of -$2.0.
Analysts are recommending an EPS of between -$8.08 and -$8.08 for the fiscal current year, implying an average EPS of -$8.08. EPS for the following year is -$7.25, with 1.0 analysts recommending between -$7.25 and -$7.25.
Revenue Estimates
A total of 2 analysts believe the company’s revenue will be $227.35M this quarter.It ranges from a high estimate of $233.09M to a low estimate of $221.6M. As of the current estimate, MultiPlan Corp’s year-ago sales were $234.51MFor the next quarter, 2 analysts are estimating revenue of $237M. There is a high estimate of $239.76M for the next quarter, whereas the lowest estimate is $234.24M.
A total of 2 analysts have provided revenue estimates for MPLN’s current fiscal year. The highest revenue estimate was $945.36M, while the lowest revenue estimate was $940.72M, resulting in an average revenue estimate of $943.04M. In the same quarter a year ago, actual revenue was $930.62MBased on 2 analysts’ estimates, the company’s revenue will be $981.98M in the next fiscal year. The high estimate is $988.53M and the low estimate is $975.44M.
