MultiPlan Corp (MPLN) is looking forward to a strong quarter

With 1.14 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.54 million shares. The 52-week range on MPLN shows that it touched its highest point at $2.29 and its lowest point at $0.61 during that stretch. It currently has a 1-year price target of $1.68. Beta for the stock currently stands at 0.77.

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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 down-trending over the past week, with a drop of -0.81%, but this was down by -27.36% over a month. Three-month performance dropped to -44.01% while six-month performance fell -52.01%. The stock lost -23.93% in the past year, while it has lost -44.01% so far this year. A look at the trailing 12-month EPS for MPLN yields -0.14 with Next year EPS estimates of -0.14. For the next quarter, that number is -0.05. This implies an EPS growth rate of -37.86% for this year and 27.71% for next year.

Float and Shares Shorts:

At present, 648.32 million MPLN shares are outstanding with a float of 273.87 million shares on hand for trading. On Mar 15, 2024, short shares totaled 14.83 million, which was 2.26% higher than short shares on Feb 15, 2024. In addition to Mr. Dale A. White as the firm’s Executive Chair, Mr. James M. Head serves as its CFO & Executive VP.

Institutional Ownership:

Through their ownership of 85.94% of MPLN’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MPLN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.