In last trading session, MultiPlan Corp (NYSE:MPLN) saw 0.14 million shares changing hands with its beta currently measuring 0.31. Company’s recent per share price level of $12.37 trading at $0.27 or 2.23% at ring of the bell on the day assigns it a market valuation of $200.04M. That closing price of MPLN’s stock is at a discount of -333.31% from its 52-week high price of $53.60 and is indicating a premium of 61.2% from its 52-week low price of $4.80. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.48 million shares which gives us an average trading volume of 134.83K if we extend that period to 3-months.
For MultiPlan Corp (MPLN), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.33. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
MultiPlan Corp (NYSE:MPLN) trade information
Upright in the green during last session for gaining 2.23%, in the last five days MPLN remained trading in the red while hitting it’s week-highest on Monday, 01/06/25 when the stock touched $12.37 price level, adding 19.57% to its value on the day. MultiPlan Corp’s shares saw a change of -16.31% in year-to-date performance and have moved -16.31% in past 5-day. MultiPlan Corp (NYSE:MPLN) showed a performance of 74.72% in past 30-days. Number of shares sold short was 0.3 million shares which calculate 4.0 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 10 to the stock, which implies a fall of -23.7% to its current value. Analysts have been projecting 10 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would jump 19.16% in reaching the projected high whereas dropping to the targeted low would mean a gain of 19.16% for stock’s current value.
MultiPlan Corp (MPLN) estimates and forecasts
Statistics highlight that MultiPlan Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -1.95% of value to its shares in past 6 months, showing an annual growth rate of -986.82% while that of industry is 5.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2025.
MultiPlan Corp (NYSE:MPLN)’s Major holders
Insiders are in possession of 7.70% of company’s total shares while institution are holding 82.38 percent of that, with stock having share float percentage of 89.25%. Investors also watch the number of corporate investors in a company very closely, which is 82.38% institutions for MultiPlan Corp that are currently holding shares of the company. H&F CORPORATE INVESTORS VIII, LTD. is the top institutional holder at MPLN for having 215.51 million shares of worth $83.71 million. And as of 2024-06-30, it was holding 33.3441 of the company’s outstanding shares.
The second largest institutional holder is PUBLIC INVESTMENT FUND, which was holding about 51.25 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.9293 of outstanding shares, having a total worth of $19.91 million.
