In the last trading session, 0.14 million shares of the MultiPlan Corp (NYSE:MPLN) were traded, and its beta was 0.30. Most recently the company’s share price was $16.07, and it changed around $1.23 or 8.29% from the last close, which brings the market valuation of the company to $259.87M. MPLN currently trades at a discount to its 52-week high of $53.60, offering almost -233.54% off that amount. The share price’s 52-week low was $4.80, which indicates that the current value has risen by an impressive 70.13% since then. We note from MultiPlan Corp’s average daily trading volume that its 10-day average is 0.2 million shares, with the 3-month average coming to 150.73K.
MultiPlan Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.33. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended MPLN as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight.
MultiPlan Corp (NYSE:MPLN) trade information
Instantly MPLN has showed a green trend with a performance of 8.29% 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 16.62 on recent trading dayincreased the stock’s daily price by 3.31%. The company’s shares are currently up 8.73% year-to-date, but still up 26.24% over the last five days. On the other hand, MultiPlan Corp (NYSE:MPLN) is 128.27% up in the 30-day period. We can see from the shorts that 0.5 million shares have been sold at a short interest cover period of 2.02 day(s).
The consensus price target as assigned by Wall Street analysts is $10, which translates to bulls needing to decrease their stock price by -60.7% from its current value. Analyst projections state that MPLN is forecast to be at a low of $10 and a high of $10.
MultiPlan Corp (MPLN) estimates and forecasts
MultiPlan Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 0.69 percent over the past six months and at a -986.82% annual growth rate that is well below the industry average of 6.60%.
MPLN Dividends
MultiPlan Corp’s next quarterly earnings report is expected to be released in February.
MultiPlan Corp (NYSE:MPLN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.70% of MultiPlan Corp shares, and 81.24% of them are in the hands of institutional investors. The stock currently has a share float of 88.02%. MultiPlan Corp stock is held by 76.0 institutions, with H&F CORPORATE INVESTORS VIII, LTD. being the largest institutional investor. By 2024-06-30, it held 33.3441% of the shares, which is about 215.51 million shares worth $83.71 million.
PUBLIC INVESTMENT FUND, with 7.9293% or 51.25 million shares worth $19.91 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
