MultiPlan Corp (NYSE:MPLN) traded at $0.66 at close of the session on Monday, April 29, made an upward move of 15.53% on its previous day’s price.
Looking at the stock we see that its previous close was $0.58. In terms of its 52-week price range, MPLN has a high of $2.29 and a low of $0.53. The company’s stock has lost about -18.04% over that past 30 days.
MultiPlan Corp has a market cap of $436.01 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.05, with the EPS growth for the year raised at -$0.19 for 2024 and -$0.14 for next year. These figures represent -35.70% and 26.30% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $244.12 million, with a low of $240 million and a high of $248.24 million. The median projection represents growth squeezing down to 3.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.02 billion, or 6.00% up from figures reported last year.
On the other hand, looking at the outlook for the MPLN stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -8.93% off its SMA20 and -23.37% from its 50-day simple moving average. The RSI (14) is pointing at 42.42 while the volatility over the past week is 12.75% and jumps to 10.56% over the past one month. The beta value is 0.85, while the average true range (ATR) is currently pointing at 0.08.
Coming back to MultiPlan Corp (NYSE:MPLN), we note that the average 3-month trading volume was 1.86 million. Current shares outstanding are 648.32 million.
The insiders hold 58.49% of the company’s shares while institutions hold 36.02%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -53.83% down in year-to-date price movement.
