MultiPlan Corp (NYSE: MPLN) closed the day trading at $0.76 down -6.98% from the previous closing price of $0.81. In other words, the price has decreased by -$0.0567 from its previous closing price. On the day, 2642193 shares were traded.
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 5.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.75. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 1.16. In the meantime, Its Debt-to-Equity ratio is 2.67 whereas as Long-Term Debt/Eq ratio is at 2.66.
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.
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 495.88M and an Enterprise Value of 4.99B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.51 while its Price-to-Book (P/B) ratio in mrq is 0.29. Its current Enterprise Value per Revenue stands at 5.19 whereas that against EBITDA is 7.66.
Stock Price History:
The Beta on a monthly basis for MPLN is 0.79, which has changed by -30.00% over the last 52 weeks, in comparison to a change of 29.19% over the same period for the S&P500. Over the past 52 weeks, MPLN has reached a high of $2.29, while it has fallen to a 52-week low of $0.61. The 50-Day Moving Average of the stock is 1.0167, while the 200-Day Moving Average is calculated to be 1.5186.
Shares Statistics:
Over the past 3-months, MPLN traded about 1.49M shares per day on average, while over the past 10 days, MPLN traded about 3.03M shares per day. A total of 648.32M shares are outstanding, with a floating share count of 273.87M. Insiders hold about 57.50% of the company’s shares, while institutions hold 36.68% stake in the company. Shares short for MPLN as of Feb 29, 2024 were 13.86M with a Short Ratio of 9.31, compared to 13.82M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.15% and a Short% of Float of 3.84%.
Earnings Estimates
Current recommendations for the stock of the company come from 2 analysts. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.06, while EPS last year was $0. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.05 and low estimates of -$0.05.
Analysts are recommending an EPS of between -$0.18 and -$0.21 for the fiscal current year, implying an average EPS of -$0.19. EPS for the following year is -$0.14, with 2 analysts recommending between -$0.13 and -$0.15.
Revenue Estimates
2 analysts predict $244.12M in revenue for the current quarter. It ranges from a high estimate of $248.24M to a low estimate of $240M. As of the current estimate, MultiPlan Corp’s year-ago sales were $236.59M, an estimated increase of 3.20% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $252.32M, an increase of 6.00% over than the figure of $3.20% in the same quarter last year. There is a high estimate of $252.8M for the next quarter, whereas the lowest estimate is $251.85M.
A total of 2 analysts have provided revenue estimates for MPLN’s current fiscal year. The highest revenue estimate was $1.02B, while the lowest revenue estimate was $1.02B, resulting in an average revenue estimate of $1.02B. In the same quarter a year ago, actual revenue was $961.52M, up 6.00% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $1.08B in the next fiscal year. The high estimate is $1.08B and the low estimate is $1.08B. The average revenue growth estimate for next year is up 6.10% from the average revenue estimate for this year.
