MultiPlan Corporation (NYSE:MPLN) went up by 4.44% from its latest closing price compared to the recent 1-year high of $12.00. The company’s stock price has collected 8.19% of gains in the last five trading sessions. Press Release reported 16 hours ago that MultiPlan Appoints JR Riding as Chief Information Security Officer
Is It Worth Investing in MultiPlan Corporation (NYSE :MPLN) Right Now?
Opinions of the stock are interesting as 3 analysts out of 4 who provided ratings for MultiPlan Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $8.88, which is $1.6 above the current price. MPLN currently public float of 611.91M and currently shorts hold a 4.70% ratio of that float. Today, the average trading volume of MPLN was 3.24M shares.
MPLN’s Market Performance
MPLN stocks went up by 8.19% for the week, with a monthly drop of -17.70% and a quarterly performance of 21.26%, while its annual performance rate touched -35.48%. The volatility ratio for the week stands at 5.14% while the volatility levels for the past 30 days are set at 5.26% for MultiPlan Corporation. The simple moving average for the period of the last 20 days is -9.36% for MPLN stocks with a simple moving average of -2.89% for the last 200 days.
Analysts’ Opinion of MPLN
Many brokerage firms have already submitted their reports for MPLN stocks, with B. Riley Securities repeating the rating for MPLN by listing it as a “Buy.” The predicted price for MPLN in the upcoming period, according to B. Riley Securities is $10 based on the research report published on April 07th of the current year 2021.
Barclays, on the other hand, stated in their research note that they expect to see MPLN reach a price target of $7. The rating they have provided for MPLN stocks is “Equal Weight” according to the report published on March 19th, 2021.
MPLN Trading at -8.33% from the 50-Day Moving Average
After a stumble in the market that brought MPLN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.25% of loss for the given period.
Volatility was left at 5.26%, however, over the last 30 days, the volatility rate increased by 5.14%, as shares sank -19.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.73% upper at present.
During the last 5 trading sessions, MPLN rose by +8.19%, which changed the moving average for the period of 200-days by -25.59% in comparison to the 20-day moving average, which settled at $8.22. In addition, MultiPlan Corporation saw -5.76% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at MPLN starting from H&F Corporate Investors VIII, , who purchase 1,597,324 shares at the price of $8.34 back on Dec 07. After this action, H&F Corporate Investors VIII, now owns 1,712,045 shares of MultiPlan Corporation, valued at $13,329,030 using the latest closing price.
H&F Corporate Investors VIII, , the 10% Owner of MultiPlan Corporation, purchase 114,721 shares at $7.54 during a trade that took place back on Dec 04, which means that H&F Corporate Investors VIII, is holding 114,721 shares at $864,572 based on the most recent closing price.
Stock Fundamentals for MPLN
Current profitability levels for the company are sitting at:
- -14.06 for the present operating margin
- +23.87 for the gross margin
The net margin for MultiPlan Corporation stands at -55.51. The total capital return value is set at -1.81, while invested capital returns managed to touch -7.15. Equity return is now at value -27.10, with -10.10 for asset returns.
Based on MultiPlan Corporation (MPLN), the company’s capital structure generated 180.33 points at debt to equity in total, while total debt to capital is 64.33. Total debt to assets is 55.22, with long-term debt to equity ratio resting at 180.07. Finally, the long-term debt to capital ratio is 64.24.
When we switch over and look at the enterprise to sales, we see a ratio of 8.79, with the company’s debt to enterprise value settled at 0.56. The receivables turnover for the company is 13.37 and the total asset turnover is 0.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.86.