In the past week, MPLN stock has gone down by -40.25%, with a monthly decline of -52.72% and a quarterly plunge of -51.31%. The volatility ratio for the week is 15.39%, and the volatility levels for the last 30 days are 11.24% for MultiPlan Corp The simple moving average for the last 20 days is -38.59% for MPLN’s stock, with a simple moving average of -74.23% for the last 200 days.
Is It Worth Investing in MultiPlan Corp (NYSE: MPLN) Right Now?
Moreover, the 36-month beta value for MPLN is 0.59. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for MPLN is 6.60M and currently, short sellers hold a 3.42% of that float. On November 20, 2024, MPLN’s average trading volume was 78.52K shares.
MPLN) stock’s latest price update
MultiPlan Corp (NYSE: MPLN) has experienced a decline in its stock price by -12.14 compared to its previous closing price of 5.93. However, the company has seen a fall of -40.25% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-05 that MultiPlan Corporation (NYSE:MPLN ) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Shawna Gasik – AVP, IR Travis Dalton – CEO Doug Garis – CFO Conference Call Participants Joshua Raskin – Nephron Research Daniel Grosslight – Citigroup Jessica Tassan – Piper Sandler Madison Aron – JPMorgan Operator Hello and welcome to the MultiPlan Corporation Third Quarter 2024 Earnings Call. My name is Harry and I will be your operator today.
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 -42.00% 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 -92.47% of loss for the given period.
Volatility was left at 11.24%, however, over the last 30 days, the volatility rate increased by 15.39%, as shares sank -52.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -45.73% lower at present.
During the last 5 trading sessions, MPLN fell by -40.25%, which changed the moving average for the period of 200-days by -87.23% in comparison to the 20-day moving average, which settled at $8.48. In addition, MultiPlan Corp saw -90.95% 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 Kim Michael, who purchase 40,000 shares at the price of $6.24 back on Nov 15 ’24. After this action, Kim Michael now owns 1,312,772 shares of MultiPlan Corp, valued at $249,588 using the latest closing price.
Mintz William B., the SVP, Corp. Affairs/Strategy of MultiPlan Corp, purchase 197,000 shares at $0.40 during a trade that took place back on Aug 07 ’24, which means that Mintz William B. is holding 2,206,736 shares at $78,800 based on the most recent closing price.
Stock Fundamentals for MPLN
Current profitability levels for the company are sitting at:
- -0.25 for the present operating margin
- 0.29 for the gross margin
The net margin for MultiPlan Corp stands at -1.63. The total capital return value is set at -0.05. Equity return is now at value -157.30, with -24.87 for asset returns.
Based on MultiPlan Corp (MPLN), the company’s capital structure generated 0.96 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 21.82. The interest coverage ratio of the stock is -0.71.
Currently, EBITDA for the company is 651.93 million with net debt to EBITDA at -5.22. When we switch over and look at the enterprise to sales, we see a ratio of 4.81. The receivables turnover for the company is 11.48for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.
Conclusion
To wrap up, the performance of MultiPlan Corp (MPLN) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
