MultiPlan Corp [MPLN] stock prices are up 15.53% to $0.66 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MPLN shares have gain 20.19% over the last week, with a monthly amount drifted -18.04%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
MultiPlan Corp [NYSE: MPLN] stock has seen the most recent analyst activity on December 13, 2022, when Citigroup downgraded its rating to a Neutral and also revised its price target to $2 from $3. Previously, Goldman started tracking the stock with Neutral rating on July 12, 2022, and set its price target to $6.50. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $10 on April 07, 2021. Barclays initiated its recommendation with a Equal Weight and recommended $7 as its price target on March 19, 2021.
The stock price of MultiPlan Corp [MPLN] has been fluctuating between $0.53 and $2.29 over the past year. MultiPlan Corp [NYSE: MPLN] shares were valued at $0.66 at the most recent close of the market.
Analyzing the MPLN fundamentals
The MultiPlan Corp [NYSE:MPLN] reported sales of 961.52M for trailing twelve months, representing a surge of 1.26%. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.05 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.66.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.6063 points at the first support level, and at 0.5477 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7074, and for the 2nd resistance point, it is at 0.7499.
Ratios To Look Out For
It’s worth pointing out that MultiPlan Corp [NYSE:MPLN]’s Current Ratio is 1.16. In addition, the Quick Ratio stands at 1.16 and the Cash Ratio stands at 0.49. Considering the valuation of this stock, the price to sales ratio is 0.45, the price to book ratio is 0.25.
