MultiPlan Corp [MPLN] stock is trading at $0.25, up 1.43%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MPLN shares have gain 5.32% over the last week, with a monthly amount drifted -11.35%, 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 [MPLN] stock has fluctuated between $0.22 and $2.00 over the past year. MultiPlan Corp [NYSE: MPLN] shares were valued at $0.25 at the most recent close of the market.
Analyzing the MPLN fundamentals
MultiPlan Corp [NYSE:MPLN] reported sales of 954.92M for the trailing twelve months, which represents a drop of -1.90%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at -1.29%, and Net Profit Margin reading is -1.23%. To continue investigating profitability, this company’s Return on Assets is posted at -0.2, Equity is -0.9 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of7.51.
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 0.2401 points at the first support level, and at 0.2326 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.2549, and for the 2nd resistance point, it is at 0.2622.
Ratios To Look Out For
For context, MultiPlan Corp’s Current Ratio is 1.06. Also, the Quick Ratio is 1.06, while the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 0.17, the price to book ratio is 0.26.
Transactions by insiders
Recent insider trading involved Mintz William B., SVP, Corp. Affairs/Strategy, that happened on Aug 07 ’24 when 0.2 million shares were purchased. SVP, Corp. Affairs/Strategy, Mintz William B. completed a deal on Aug 06 ’24 to buy 81165.0 shares. Meanwhile, Pres., Chief Executive Officer Dalton Travis bought 0.5 million shares on Aug 07 ’24.
