MultiPlan Corp [NYSE: MPLN] jumped around 5.96 points on Tuesday, while shares priced at $12.24 at the close of the session, up 94.90%.
Compared to the average trading volume of 81.63K shares, MPLN reached a trading volume of 2111985 in the most recent trading day, which is why market watchdogs consider the stock to be active.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
What do top market gurus say 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 $10.00 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 2.33. 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.
Piper Sandler have made an estimate for MultiPlan Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 26, 2024. While these analysts kept the previous recommendation, Citigroup dropped their target price from $3 to $2. The new note on the price target was released on December 13, 2022, representing the official price target for MultiPlan Corp stock. Previously, the target price had yet another raise to $6.50, while Goldman analysts kept a Neutral rating on MPLN stock.
The Average True Range (ATR) for MultiPlan Corp is set at 1.19, with the Price to Sales ratio for MPLN stock in the period of the last 12 months amounting to 0.41. The Price to Book ratio for the last quarter was 0.95, with the Price to Cash per share for the same quarter was set at 3.08. Price to Free Cash Flow for MPLN in the course of the last twelve months was 7.76 with Quick ratio for the last quarter at 1.05.
How has MPLN stock performed recently?
MultiPlan Corp [MPLN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 62.66. With this latest performance, MPLN shares gained by 65.71% in over the last four-week period, additionally sinking by -30.84% over the last 6 months – not to mention a drop of -83.09% 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 72.12, with the RSI for the last a single of trading hit 81.28, and the three-weeks RSI is set at 67.79 for MultiPlan Corp [MPLN]. The present Moving Average for the last 50 days of trading for this stock 8.22, while it was recorded at 7.60 for the last single week of trading, and 15.85 for the last 200 days.
MultiPlan Corp [MPLN]: Deeper insight into the fundamentals
MultiPlan Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.05 and a Current Ratio set at 1.05.
Insider trade positions for MultiPlan Corp [MPLN]
The top three institutional holders of MPLN stocks are: H&F CORPORATE INVESTORS VIII, LTD. with ownership of 215.51 million shares, which is approximately 33.3441%. PUBLIC INVESTMENT FUND, holding 51.25 million shares of the stock with an approximate value of $$19.91 million in MPLN stocks shares; and PUBLIC INVESTMENT FUND, currently with $$14.92 million in MPLN stock with ownership which is approximately 5.9489%.
