Currently, there are 648.32M common shares owned by the public and among those 264.91M shares have been available to trade.
The company’s stock has a 5-day price change of -10.42% and -56.02% over the past three months. MPLN shares are trading -75.17% year to date (YTD), with the 12-month market performance down to -82.65% lower. It has a 12-month low price of $0.35 and touched a high of $2.29 over the same period. MPLN has an average intraday trading volume of 2.56 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -23.70%, -37.43%, and -68.27% respectively.
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Institutional ownership of MultiPlan Corp (NYSE: MPLN) shares accounts for 34.82% of the company’s 648.32M shares outstanding.
It has a market capitalization of $230.54M and a beta (3y monthly) value of 0.73. The earnings-per-share (ttm) stands at -$0.98. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.09% over the week and 13.43% over the month.
Earnings per share for the fiscal year are expected to decrease by -586.56%, and 85.05% over the next financial year.
Looking at the support for the MPLN, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on December 13, 2022, with the firm’s price target at $3-$2. Goldman coverage for the MultiPlan Corp (MPLN) stock in a research note released on July 12, 2022 offered a Neutral rating with a price target of $6.50. Citigroup was of a view on October 04, 2021 that the stock is Buy, while B. Riley Securities gave the stock Buy rating on April 07, 2021, issuing a price target of $10. Barclays on their part issued Equal Weight rating on March 19, 2021.
