MultiPlan Corp [MPLN] stock is trading at $12.24, up 94.90%. An important factor to consider is whether the stock is rising or falling in short-term value. The MPLN shares have gain 62.66% over the last week, with a monthly amount glided 65.71%, and 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 $4.80 and $69.20 over the past year. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. MultiPlan Corp [NYSE: MPLN] shares were valued at $12.24 at the most recent close of the market. An investor can expect a potential drop of -18.3% based on the average MPLN price forecast.
Analyzing the MPLN fundamentals
MultiPlan Corp [NYSE:MPLN] reported sales of 942.61M for the trailing twelve months, which represents a drop of -5.07%. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at -0.25%, Pretax Profit Margin comes in at -1.71%, and Net Profit Margin reading is -1.63%. To continue investigating profitability, this company’s Return on Assets is posted at -0.29, Equity is -1.67 and Total Capital is -0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 21.82.
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 7.96 points at the first support level, and at 3.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.95, and for the 2nd resistance point, it is at 17.67.
Ratios To Look Out For
For context, MultiPlan Corp’s Current Ratio is 1.05. On the other hand, the Quick Ratio is 1.05, and the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 0.41, the price to book ratio is 0.95.
Transactions by insiders
Recent insider trading involved Kim Michael, SVP, Chief Information Officer, that happened on Nov 15 ’24 when 40000.0 shares were purchased. SVP, Corp. Affairs/Strategy, Mintz William B. completed a deal on Aug 07 ’24 to buy 0.2 million shares. Meanwhile, SVP, Corp. Affairs/Strategy Mintz William B. bought 81165.0 shares on Aug 06 ’24.
