MultiPlan Corp (NYSE: MPLN) is -85.26% lower on its value in year-to-date trading and has touched a low of $0.17 and a high of $1.82 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 $0.24 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $0.21, the stock is -12.69% and -31.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.2 million and changing -9.77% at the moment leaves the stock -71.42% off its SMA200. MPLN registered -87.51% loss for a year compared to 6-month loss of -73.79%.
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The stock witnessed a -11.54% gain in the last 1 month and extending the period to 3 months gives it a -44.57%, and is -3.50% 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 13.53% over the week and 14.66% over the month.
MultiPlan Corp (MPLN) has around 2800 employees, a market worth around $137.09M and $954.92M in sales. Profit margin for the company is -122.73%. Distance from 52-week low is 22.72% and -88.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.85%).
The EPS is expected to shrink by -1620.26% this year
The shares outstanding are 648.32M, and float is at 267.80M with Short Float at 5.79%.
The top institutional shareholder in the company is H&F CORPORATE INVESTORS VIII, LTD. with over 215.51 million shares valued at $83.71 million. The investor’s holdings represent 33.3441 of the MPLN Shares outstanding. As of 2024-06-30, the second largest holder is PUBLIC INVESTMENT FUND with 51.25 million shares valued at $19.91 million to account for 7.9293 of the shares outstanding. The other top investors are LEONARD GREEN & PARTNERS, L.P. which holds 38.45 million shares representing 5.9489 and valued at over $14.92 million, while ARES MANAGEMENT LLC holds 4.6399 of the shares totaling 29.99 million with a market value of $11.65 million.
MultiPlan Corp (MPLN) Insider Activity
The most recent transaction is an insider purchase by Mintz William B., the company’s SVP, Corp. Affairs/Strategy. SEC filings show that Mintz William B. bought 197,000 shares of the company’s common stock on Aug 07 ’24 at a price of $0.40 per share for a total of $78800.0. Following the purchase, the insider now owns 2.21 million shares.
MultiPlan Corp disclosed in a document filed with the SEC on Aug 06 ’24 that Mintz William B. (SVP, Corp. Affairs/Strategy) bought a total of 81,165 shares of the company’s common stock. The trade occurred on Aug 06 ’24 and was made at $0.31 per share for $25559.0. Following the transaction, the insider now directly holds 2.01 million shares of the MPLN stock.
Still, SEC filings show that on Aug 07 ’24, Dalton Travis (Pres., Chief Executive Officer) acquired 500,000 shares at an average price of $0.37 for $0.18 million. The insider now directly holds 5,004,504 shares of MultiPlan Corp (MPLN).
