MultiPlan Corporation (NYSE: MPLN) is -33.63% lower on its value in year-to-date trading and has touched a low of $2.88 and a high of $6.26 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MPLN stock was last observed hovering at around $3.00 in the last trading session, with the day’s loss setting it -0.06% off its average median price target of $6.00 for the next 12 months. It is also 54.77% off the consensus price target high of $6.50 offered by 4 analysts, but current levels are 51.0% higher than the price target low of $6.00 for the same period.
Currently trading at $2.94, the stock is -13.40% and -30.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing -2.00% at the moment leaves the stock -33.95% off its SMA200. MPLN registered -48.96% loss for a year compared to 6-month loss of -26.13%.
The stock witnessed a -22.43% gain in the last 1 month and extending the period to 3 months gives it a -46.15%, and is -7.26% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.35% over the week and 4.47% over the month.
MultiPlan Corporation (MPLN) has around 2400 employees, a market worth around $1.87B and $1.17B in sales. Current P/E ratio is 11.81 and Fwd P/E is 16.70. Profit margin for the company is 13.70%. Distance from 52-week low is 2.08% and -53.04% from its 52-week high. The company has generated returns on investments over the last 12 months (4.70%).
MultiPlan Corporation (MPLN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for MultiPlan Corporation (MPLN) is a “Overweight”. 4 analysts offering their recommendations for the stock have an average rating of 2.20, where 2 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
MultiPlan Corporation is expected to release its quarterly report on 11/17/2022.The EPS is expected to grow by 114.20% this year.
MultiPlan Corporation (MPLN) Top Institutional Holders
The shares outstanding are 639.00M, and float is at 595.55M with Short Float at 4.74%.
MultiPlan Corporation (MPLN) Insider Activity
A total of 17 insider transactions have happened at MultiPlan Corporation (MPLN) in the last six months, with sales accounting for 12 and purchases happening 5 times. The most recent transaction is an insider sale by Tabak Mark,the company’sDirector. SEC filings show that Tabak Mark sold 4,500,000 shares of the company’s common stock on Aug 22 at a price of $3.80 per share for a total of $17.1 million. Following the sale, the insider now owns 1.1 million shares.
MultiPlan Corporation disclosed in a document filed with the SEC on Aug 11 that Kim Michael (SVP, Chief Information Officer) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Aug 11 and was made at $4.37 per share for $0.22 million. Following the transaction, the insider now directly holds 0.36 million shares of the MPLN stock.
Still, SEC filings show that on Nov 29, Head James M (EVP & Chief Financial Officer) acquired 300,000 shares at an average price of $4.34 for $1.3 million. The insider now directly holds 300,000 shares of MultiPlan Corporation (MPLN).