A share price of MultiPlan Corp [MPLN] is currently trading at $0.39, up 5.59%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MPLN shares have gain 36.84% over the last week, with a monthly amount drifted -15.75%, 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 June 26, 2024, when Piper Sandler initiated its Neutral rating and assigned the stock a price target of $2. Previously, Citigroup downgraded its rating to Neutral on December 13, 2022, and dropped its price target to $2. On July 12, 2022, Goldman initiated with a Neutral rating and assigned a price target of $6.50 on the stock. B. Riley Securities initiated its recommendation with a Buy and recommended $10 as its price target on April 07, 2021. Barclays started tracking with a Equal Weight rating for this stock on March 19, 2021, and assigned it a price target of $7.
MultiPlan Corp experienced fluctuations in its stock price throughout the past year between $0.26 and $2.16. MultiPlan Corp [NYSE: MPLN] shares were valued at $0.39 at the most recent close of the market.
Analyzing the MPLN fundamentals
Trailing Twelve Months sales for MultiPlan Corp [NYSE:MPLN] were 959.44M which represents -0.88% decline. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at -0.7%, and Net Profit Margin reading is -0.66%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.39 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.87.
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 0.3656 points at the first support level, and at 0.3418 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.4042, and for the 2nd resistance point, it is at 0.4190.
Ratios To Look Out For
To put it in perspective, the Current Ratio for MultiPlan Corp [NYSE:MPLN] is 0.98. Further, the Quick Ratio stands at 0.98, while the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 0.26, the price to book ratio is 0.21.
Transactions by insiders
Recent insider trading involved Colaluca Anthony Jr, Director, that happened on May 16 ’24 when 0.16 million shares were purchased.
