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MultiPlan Corp (MPLN) Stock Could Soon Reward Patient Investors

MultiPlan Corp (NYSE: MPLN) is -43.67% lower on its value in year-to-date trading and has touched a low of $0.61 and a high of $2.29 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 $0.84 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $0.81, the stock is -6.81% and -19.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.87 million and changing -3.86% at the moment leaves the stock -46.45% off its SMA200. MPLN registered -24.19% loss for a year compared to 6-month loss of -53.11%. The firm has a 50-day simple moving average (SMA 50) of $5.23 and a 200-day simple moving average (SMA200) of $7.71.

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The stock witnessed a -27.57% gain in the last 1 month and extending the period to 3 months gives it a -52.28%, and is -5.81% 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 13.23% over the week and 11.08% over the month.

MultiPlan Corp (MPLN) has around 2800 employees, a market worth around $522.71M and $961.52M in sales. Profit margin for the company is -9.54%. Distance from 52-week low is 32.90% and -64.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.47%).

MultiPlan Corp quarterly earnings per share for the current quarter are estimated at -$0.05 with sales reaching $244.12M over the same period.The EPS is expected to shrink by -37.86% this year, but quarterly earnings will post 6.00% year-over-year. Quarterly sales are estimated to grow 3.20% in year-over-year returns.

MultiPlan Corp (MPLN) Top Institutional Holders

159 institutions hold shares in MultiPlan Corp (MPLN), with institutional investors hold 91.55% of the company’s shares. The shares outstanding are 648.32M, and float is at 273.87M with Short Float at 5.42%. Institutions hold 85.94% of the Float.

The top institutional shareholder in the company is H&F Corporate Investors VIII, Ltd. with over 215.51 million shares valued at $454.74 million. The investor’s holdings represent 33.18% of the MPLN Shares outstanding. As of Jun 29, 2023, the second largest holder is Public Investment Fund with 51.25 million shares valued at $108.14 million to account for 7.89% of the shares outstanding. The other top investors are Leonard Green & Partners, L.P. which holds 38.45 million shares representing 5.92% and valued at over $81.13 million, while Vanguard Group Inc holds 5.75% of the shares totaling 37.36 million with a market value of $78.83 million.

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