MultiPlan Corp [NYSE: MPLN] loss -14.92% on the last trading session, reaching $0.55 price per share at the time.
If compared to the average trading volume of 1.63M shares, MPLN reached a trading volume of 5528986 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about MultiPlan Corp [MPLN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MPLN shares is $1.68 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MPLN stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for MultiPlan Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 13, 2022. While these analysts kept the previous recommendation, Goldman raised their target price to Neutral. The new note on the price target was released on July 12, 2022, representing the official price target for MultiPlan Corp stock. Previously, the target price had yet another raise to $9, while Citigroup analysts kept a Buy rating on MPLN stock.
The Average True Range (ATR) for MultiPlan Corp is set at 0.08, with the Price to Sales ratio for MPLN stock in the period of the last 12 months amounting to 0.38. The Price to Book ratio for the last quarter was 0.21, with the Price to Cash per share for the same quarter was set at 0.12. Price to Free Cash Flow for MPLN in the course of the last twelve months was 5.77 with Quick ratio for the last quarter at 1.16.
Trading performance analysis for MPLN stock
MultiPlan Corp [MPLN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -28.16. With this latest performance, MPLN shares dropped by -35.76% in over the last four-week period, additionally sinking by -66.06% over the last 6 months – not to mention a drop of -45.76% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MPLN stock in for the last two-week period is set at 24.86, with the RSI for the last a single of trading hit 17.19, and the three-weeks RSI is set at 29.64 for MultiPlan Corp [MPLN]. The present Moving Average for the last 50 days of trading for this stock 0.9123, while it was recorded at 0.6788 for the last single week of trading, and 1.4119 for the last 200 days.
MultiPlan Corp [MPLN]: A deeper dive into fundamental analysis
MultiPlan Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.16 and a Current Ratio set at 1.16.
MultiPlan Corp [MPLN]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MPLN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for MultiPlan Corp go to 22.80%.
An analysis of Institutional ownership at MultiPlan Corp [MPLN]
The top three institutional holders of MPLN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in MPLN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in MPLN stock with ownership which is approximately 5.8386%.
