MultiPlan Corp (NYSE: MPLN)’s stock price has soared by 5.43 in relation to previous closing price of 0.44. Nevertheless, the company has seen a gain of 15.29% in its stock price over the last five trading days. businesswire.com reported 2024-06-26 that NEW YORK–(BUSINESS WIRE)—- $MPLN #MPLN–MultiPlan Corporation (NYSE: MPLN) (“MultiPlan” or the “Company”), a leading value-added provider of data analytics and technology-enabled end-to-end cost management, as well as payment and revenue integrity solutions to the U.S. healthcare industry, today announced it has been selected as the Gold award winner in the “Achievement in Data and Analytics” category of the 9th annual Globee® Awards for American Business. MultiPlan’s PlanOptix™ and BenInsights™ solutions w.
Is It Worth Investing in MultiPlan Corp (NYSE: MPLN) Right Now?
The 36-month beta value for MPLN is at 0.70. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MPLN is 265.76M, and currently, shorts hold a 5.10% of that float. The average trading volume for MPLN on July 26, 2024 was 3.51M shares.
MPLN’s Market Performance
MPLN stock saw an increase of 15.29% in the past week, with a monthly gain of 28.67% and a quarterly increase of -20.94%. The volatility ratio for the week is 15.89%, and the volatility levels for the last 30 days are 16.30% for MultiPlan Corp (MPLN). The simple moving average for the last 20 days is 24.36% for MPLN’s stock, with a simple moving average of -53.24% for the last 200 days.
Analysts’ Opinion of MPLN
Many brokerage firms have already submitted their reports for MPLN stocks, with Piper Sandler repeating the rating for MPLN by listing it as a “Neutral.” The predicted price for MPLN in the upcoming period, according to Piper Sandler is $2 based on the research report published on June 26, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see MPLN reach a price target of $2, previously predicting the price at $3. The rating they have provided for MPLN stocks is “Neutral” according to the report published on December 13th, 2022.
Goldman gave a rating of “Neutral” to MPLN, setting the target price at $6.50 in the report published on July 12th of the previous year.
MPLN Trading at 2.42% 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 -78.70% of loss for the given period.
Volatility was left at 16.30%, however, over the last 30 days, the volatility rate increased by 15.89%, as shares surge +10.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.08% lower at present.
During the last 5 trading sessions, MPLN rose by +15.29%, which changed the moving average for the period of 200-days by -72.78% in comparison to the 20-day moving average, which settled at $0.3721. In addition, MultiPlan Corp saw -68.06% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MPLN starting from Colaluca Anthony Jr, who purchase 160,000 shares at the price of $0.60 back on May 16 ’24. After this action, Colaluca Anthony Jr now owns 220,000 shares of MultiPlan Corp, valued at $96,000 using the latest closing price.
Stock Fundamentals for MPLN
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.53 for the gross margin
The net margin for MultiPlan Corp stands at -0.66. The total capital return value is set at 0.02. Equity return is now at value -42.69, with -9.30 for asset returns.
Based on MultiPlan Corp (MPLN), the company’s capital structure generated 0.79 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 3.87. The interest coverage ratio of the stock is 0.45.
Currently, EBITDA for the company is 599.19 million with net debt to EBITDA at 7.69. When we switch over and look at the enterprise to sales, we see a ratio of 4.98. The receivables turnover for the company is 11.64for trailing twelve months and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.
Conclusion
In conclusion, MultiPlan Corp (MPLN) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
