During the last session, MultiPlan Corp (NYSE:MPLN)’s traded shares were 1.24 million, with the beta value of the company hitting 0.75. At the end of the trading day, the stock’s price was $0.84, reflecting an intraday gain of 1.61% or $0.01. The 52-week high for the MPLN share is $2.29, that puts it down -172.62 from that peak though still a striking 27.38% gain since the share price plummeted to a 52-week low of $0.61. The company’s market capitalization is $540.63M, and the average intraday trading volume over the past 10 days was 1.75 million shares, and the average trade volume was 1.55 million shares over the past three months.
MultiPlan Corp (NYSE:MPLN) trade information
MultiPlan Corp (MPLN) registered a 1.61% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.61% in intraday trading to $0.84, hitting a weekly high. The stock’s 5-day price performance is 3.43%, and it has moved by -12.58% in 30 days. Based on these gigs, the overall price performance for the year is -22.31%. The short interest in MultiPlan Corp (NYSE:MPLN) is 14.83 million shares and it means that shorts have 8.05 day(s) to cover.
MultiPlan Corp (MPLN) estimates and forecasts
In the rating firms’ projections, revenue will increase 6.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $244.12 million as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $252.32 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $236.59 million and $237.99 million respectively. In this case, analysts expect current quarter sales to grow by 3.20% and then jump by 6.00% in the coming quarter.
While earnings are projected to return -37.86% in 2024, the next five years will return 22.80% per annum.
MPLN Dividends
MultiPlan Corp is due to release its next quarterly earnings between May 02 and May 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
MultiPlan Corp (NYSE:MPLN)’s Major holders
MultiPlan Corp insiders own 6.13% of total outstanding shares while institutional holders control 85.94%, with the float percentage being 91.55%. H&F Corporate Investors VIII, Ltd. is the largest shareholder of the company, while 159 institutions own stock in it. As of Jun 29, 2023, the company held over 215.51 million shares (or 33.18% of all shares), a total value of $454.74 million in shares.
The next largest institutional holding, with 51.25 million shares, is of Public Investment Fund’s that is approximately 7.89% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $108.14 million.
Also, the Mutual Funds coming in first place with the largest holdings of MultiPlan Corp (MPLN) shares are Price (T.Rowe) Small-Cap Value Fund and Vanguard Total Stock Market Index Fund. Data provided on Jun 29, 2023 indicates that Price (T.Rowe) Small-Cap Value Fund owns about 17.15 million shares. This amounts to just over 2.64 percent of the company’s overall shares, with a $36.19 million market value. The same data shows that the other fund manager holds slightly less at 13.53 million, or about 2.08% of the stock, which is worth about $28.56 million.
