MultiPlan Corp (NYSE: MPLN) has experienced a decline in its stock price by -11.74 compared to its previous closing price of 0.74. However, the company has seen a fall of -17.43% in its stock price over the last five trading days. Seeking Alpha reported 2023-10-27 that MultiPlan Corporation provides data analytics and technology-enabled services to healthcare-related organizations in the US. The company has created a new service division with its Data and Decision Science group. With continued expected revenue contraction in 2023 and a full valuation of the stock, my outlook on MultiPlan remains a neutral, or Hold.
Is It Worth Investing in MultiPlan Corp (NYSE: MPLN) Right Now?
Additionally, the 36-month beta value for MPLN is 0.78. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for MPLN is 272.18M and currently, short sellers hold a 5.66% ratio of that float. The average trading volume of MPLN on April 22, 2024 was 1.62M shares.
MPLN’s Market Performance
MPLN stock saw a decrease of -17.43% in the past week, with a monthly decline of -19.72% and a quarterly a decrease of -39.80%. The volatility ratio for the week is 10.44%, and the volatility levels for the last 30 days are 10.13% for MultiPlan Corp (MPLN). The simple moving average for the past 20 days is -19.24% for MPLN’s stock, with a -54.41% simple moving average for the past 200 days.
Analysts’ Opinion of MPLN
Many brokerage firms have already submitted their reports for MPLN stocks, with Citigroup repeating the rating for MPLN by listing it as a “Neutral.” The predicted price for MPLN in the upcoming period, according to Citigroup is $2 based on the research report published on December 13, 2022 of the previous year 2022.
Goldman, on the other hand, stated in their research note that they expect to see MPLN reach a price target of $6.50. The rating they have provided for MPLN stocks is “Neutral” according to the report published on July 12th, 2022.
Citigroup gave a rating of “Buy” to MPLN, setting the target price at $9 in the report published on October 04th of the previous year.
MPLN Trading at -30.16% 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 -71.61% of loss for the given period.
Volatility was left at 10.13%, however, over the last 30 days, the volatility rate increased by 10.44%, as shares sank -24.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.08% lower at present.
During the last 5 trading sessions, MPLN fell by -17.43%, which changed the moving average for the period of 200-days by -68.28% in comparison to the 20-day moving average, which settled at $0.7945. In addition, MultiPlan Corp saw -54.85% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MPLN
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.64 for the gross margin
The net margin for MultiPlan Corp stands at -0.1. The total capital return value is set at 0.02. Equity return is now at value -5.24, with -1.26 for asset returns.
Based on MultiPlan Corp (MPLN), the company’s capital structure generated 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 2.66. The interest coverage ratio of the stock is 0.49.
Currently, EBITDA for the company is 599.19 million with net debt to EBITDA at 7.53. When we switch over and look at the enterprise to sales, we see a ratio of 5.11. The receivables turnover for the company is 12.56for trailing twelve months and the total asset turnover is 0.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.
Conclusion
In conclusion, MultiPlan Corp (MPLN) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
