MultiPlan Corp (MPLN) expanding its growth trajectory ahead

With 0.63 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.11 million shares. During the session, the Health Information Services company that operates in wider Healthcare sector, reached to the highest price of $13.285 whereas the lowest price it dropped to was $10.43. The 52-week range on MPLN shows that it touched its highest point at $69.20 and its lowest point at $4.80 during that stretch. It currently has a 1-year price target of $10.00. Beta for the stock currently stands at 0.54.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MPLN was up-trending over the past week, with a rise of 84.43%, but this was up by 72.05% over a month. Three-month performance surged to 59.59% while six-month performance fell -25.45%. The stock lost -81.53% in the past year, while it has lost -78.19% so far this year. A look at the trailing 12-month EPS for MPLN yields -95.37 with Next year EPS estimates of -8.68. For the next quarter, that number is -9.81. This implies an EPS growth rate of -1341.32% for this year and 89.24% for next year.

Float and Shares Shorts:

At present, 16.17 million MPLN shares are outstanding with a float of 6.58 million shares on hand for trading. On 2024-11-29, short shares totaled 0.35 million, which was 217.0 higher than short shares on 1730332800. In addition to Mr. Dale A. White as the firm’s Executive Chairman, Mr. Michael C. Kim serves as its Chief Information Officer.

Institutional Ownership:

Through their ownership of 0.81491 of MPLN’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, MPLN reported revenue of $230495000.0 and operating income of $23402000.0. The EBITDA in the recently reported quarter was $134237000.0 and diluted EPS was -$24.25.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MPLN since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MPLN analysts setting a high price target of 10.0 and a low target of 10.0, the average target price over the next 12 months is 10.0. Based on these targets, MPLN could drop -20.38% to reach the target high and fall by -20.38% to reach the target low. Reaching the average price target will result in a decline of -20.38% from current levels.

Analysts have provided yearly estimates in a range of -$80.55615 being high and -$80.87155 being low. For MPLN, this leads to a yearly average estimate of -$80.71385. Based on analyst estimates, the high estimate for the next quarter is -$2.14 and the low estimate is -$2.14. The average estimate for the next quarter is thus -$2.14.