In the last trading session, shares of the MultiPlan Corporation (NYSE:MPLN) were traded, and its beta was 0. Most recently the company’s share price was $6.06, and it changed around $0 or 0% from the last close, which brings the market valuation of the company to $4.05 Billion. MPLN currently trades at a discount to its 52-week high of $12.93, offering almost -113.37% off that amount. The share price’s 52-week low was $5.48, which indicates that the current value has risen by an impressive 9.57% since then. We note from MultiPlan Corporation’s average daily trading volume that its 10-day average is 2.14 Million shares, with the 3-month average coming to 2.22 Million.
MultiPlan Corporation stock received a consensus recommendation rating of Overweight, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 3 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended MPLN as a Hold, whereas 2 deemed it a Buy, and no one rated it as Underweight. MultiPlan Corporation is expected to report earnings per share of $0.01 for the current quarter.
MultiPlan Corporation (NYSE:MPLN): Trading Information
Although MPLN has showed a red trend with a performance of 0% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $6.19- on Monday, Apr 05 increased the stock’s daily price by 2.1%. The company’s shares are currently down -0.24% year-to-date, but still up 0.0521 over the last five days. On the other hand, MultiPlan Corporation (NYSE:MPLN) is -0.12% down in the 30-day period. We can see from the shorts that 18.06 Million shares have been sold at a short interest cover period of 8.14 day (s).
The consensus price target as assigned by Wall Street analysts is $8.67, which translates to bears needing to increase their stock price by 43.07% from its current value. Analyst projections state that MPLN is forecast to be at a low of $7 and a high of $10. In order for the stock price to hit the forecast high, the stock would need to surge +65.02% from its current level, while the stock would need to crash 15.51% from its current level to reach the projected low.
MultiPlan Corporation (MPLN) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. MultiPlan Corporation earnings are expected to increase by 400% in 2021, but the outlook is negative 0% per year for the next five years.
MultiPlan Corporation (NYSE:MPLN)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 7.5% of MultiPlan Corporation shares, and 84.35% of them are in the hands of institutional investors. The stock currently has a share float of 91.19%. MultiPlan Corporation stock is held by 107 institutions, with H&F Corporate Investors VIII, Ltd being the largest institutional investor. By Dec 30, 2020, it held 32.22% of the shares, which is about 215.51 Million shares worth $1.72 Billion.
Public Investment Fund, with 7.66% or 51.25 Million shares worth $409.49 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Price (T.Rowe) Mid Cap Growth Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 15500000 shares worth $123.85 Million, making up 2.32% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 10.35 Million shares worth around $82.69 Million, which represents about 1.55% of the total shares outstanding.