Additionally, the 36-month beta value for MPLN is 0.32. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for MPLN is 6.76M and currently, short sellers hold a 6.48% ratio of that float. The average trading volume of MPLN on January 31, 2025 was 162.04K shares.
MPLN) stock’s latest price update
MultiPlan Corp (NYSE: MPLN)’s stock price has soared by 17.68 in relation to previous closing price of 16.52. Nevertheless, the company has seen a gain of 22.88% in its stock price over the last five trading days. businesswire.com reported 2025-01-28 that NEW YORK–(BUSINESS WIRE)–MultiPlan Corporation Announces Fourth Quarter and Full Year 2024 Earnings Conference Call.
MPLN’s Market Performance
MultiPlan Corp (MPLN) has experienced a 22.88% rise in stock performance for the past week, with a 10.96% rise in the past month, and a 90.40% rise in the past quarter. The volatility ratio for the week is 11.75%, and the volatility levels for the past 30 days are at 13.93% for MPLN. The simple moving average for the past 20 days is 29.92% for MPLN’s stock, with a 40.06% simple moving average for the past 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 previous 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 81.29% 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 -63.73% of loss for the given period.
Volatility was left at 13.93%, however, over the last 30 days, the volatility rate increased by 11.75%, as shares surge +25.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +174.96% upper at present.
During the last 5 trading sessions, MPLN rose by +22.88%, which changed the moving average for the period of 200-days by -38.29% in comparison to the 20-day moving average, which settled at $14.96. In addition, MultiPlan Corp saw 31.53% in overturn over a single year, with a tendency to cut further gains.
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 21.86. 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 5.06. 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
In conclusion, MultiPlan Corp (MPLN) has seen better 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.
