In the latest trading session, 0.72 million MultiPlan Corp (NYSE:MPLN) shares changed hands as the company’s beta touched 0.63. With the company’s most recent per share price at $10.53 changing hands around $4.25 or 67.70% at last look, the market valuation stands at $170.32M. MPLN’s current price is a discount, trading about -557.17% off its 52-week high of $69.20. The share price had its 52-week low at $4.80, which suggests the last value was 54.42% up since then. When we look at MultiPlan Corp’s average trading volume, we note the 10-day average is 78970.0 shares, with the 3-month average coming to 81.63K.
Analysts gave the MultiPlan Corp (MPLN) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.33. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended MPLN as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. MultiPlan Corp’s EPS for the current quarter is expected to be -2.33.
MultiPlan Corp (NYSE:MPLN) trade information
Instantly MPLN is in green as seen in intraday trades today. With action 48.96%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -81.72%, with the 5-day performance at 48.96% in the green. However, in the 30-day time frame, MultiPlan Corp (NYSE:MPLN) is 51.76% up. Looking at the short shares, we see there were 0.35 million shares sold at short interest cover period of 4.5 days.
The consensus price target for the stock as assigned by Wall Street analysts is 10, meaning bulls need a downside of -5.3% from its recent market value. According to analyst projections, MPLN’s forecast low is 10 with 10 as the target high. To hit the forecast high, the stock’s price needs a 5.03% surge from its current level, while the stock would need to tank 5.03% for it to hit the projected low.
MultiPlan Corp (MPLN) estimates and forecasts
Data shows that the MultiPlan Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -36.66% over the past 6 months, a -986.82% in annual growth rate that is considerably lower than the industry average of 6.80%. Year-over-year growth is forecast to reach -2.94% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 234.77M. 1 analysts are of the opinion that MultiPlan Corp’s revenue for the current quarter will be 221.6M. The company’s revenue for the corresponding quarters a year ago was 244.1M and 234.51M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -3.82%. The estimates for the next quarter sales put growth at -5.50%. The 2024 estimates are for MultiPlan Corp earnings to decrease by -1341.32%.
MultiPlan Corp (NYSE:MPLN)’s Major holders
PUBLIC INVESTMENT FUND holds the second largest percentage of outstanding shares, with 7.9293% or 51.25 million shares worth $19.91 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Price (T.Rowe) Small-Cap Value Fund. With 301.37 shares estimated at $3.08 million under it, the former controlled 1.86% of total outstanding shares. On the other hand, Price (T.Rowe) Small-Cap Value Fund held about 0.79% of the shares, roughly 127.5 shares worth around $1.3 million.
