MultiPlan Corp (NYSE:MPLN)’s traded shares stood at 1.87 million during the last session, with the company’s beta value hitting 0.78. At the close of trading, the stock’s price was $0.81, to imply a decrease of -3.86% or -$0.03 in intraday trading. The MPLN share’s 52-week high remains $2.29, putting it -182.72% down since that peak but still an impressive 24.69% since price per share fell to its 52-week low of $0.61. The company has a valuation of $522.71M, with an average of 3.01 million shares in intraday trading volume over the past 10 days and average of 1.53 million shares over the past 3 months.
MultiPlan Corp (NYSE:MPLN) trade information
After registering a -3.86% downside in the last session, MultiPlan Corp (MPLN) has traded red over the past five days. The stock hit a weekly high of 0.9402, dropping -3.86% in its intraday price action. The 5-day price performance for the stock is -5.81%, and -27.57% over 30 days. With these gigs, the year-to-date price performance is -43.67%. Short interest in MultiPlan Corp (NYSE:MPLN) saw shorts transact 14.83 million shares and set a 8.05 days time to cover.
MultiPlan Corp (MPLN) estimates and forecasts
The rating firms project that company’s revenue will grow 6.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is $244.12 million. Meanwhile, for the quarter ending Jun 2024, a total of 2 analyst(s) estimate revenue growth to $252.32 million.Earnings reports from the last fiscal year show that sales brought in $236.59 million and $237.99 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 3.20% before jumping 6.00% in the following quarter.
MPLN Dividends
MultiPlan Corp has its next earnings report out between May 02 and May 06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. MultiPlan Corp has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
MultiPlan Corp (NYSE:MPLN)’s Major holders
MultiPlan Corp insiders hold 6.13% of total outstanding shares, with institutional holders owning 85.94% of the shares at 91.55% float percentage. In total, 85.94% institutions holds shares in the company, led by H&F Corporate Investors VIII, Ltd.. As of Jun 29, 2023, the company held over 215.51 million shares (or 33.18% of shares), all amounting to roughly $454.74 million.
The next major institution holding the largest number of shares is Public Investment Fund with 51.25 million shares, or about 7.89% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $108.14 million.
We also have Price (T.Rowe) Small-Cap Value Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the MultiPlan Corp (MPLN) shares. Going by data provided on Jun 29, 2023, Price (T.Rowe) Small-Cap Value Fund holds roughly 17.15 million shares. This is just over 2.64% of the total shares, with a market valuation of $36.19 million. Data from the same date shows that the other fund manager holds a little less at 13.53 million, or 2.08% of the shares, all valued at about 28.56 million.
