MultiPlan Corp (NYSE:MPLN) shares traded 1.47% higher at $0.44 on Wall Street last session.
MPLN stock price is now -33.77% away from the 50-day moving average and -63.27% away from the 200-day moving average. The market capitalization of the company currently stands at $284.71M.
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With the price target reduced from $3 to $2, Citigroup Downgraded its rating from Buy to Neutral for MultiPlan Corp (NYSE: MPLN). On July 12, 2022, Goldman recently initiated its ‘Neutral’ rating on the stock quoting a target price of $6.50, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Colaluca Anthony Jr, Director bought 160,000 shares of the company’s stock on May 16 ’24. The stock was bought for $96,000 at an average price of $0.60. Upon completion of the transaction, the Director now directly owns 220,000 shares in the company, valued at $96800.0. A total of 57.96% of the company’s stock is owned by insiders.
During the past 12 months, MultiPlan Corp has had a low of $0.42 and a high of $2.29. As of last week, the company has a debt-to-equity ratio of 3.88, a current ratio of 0.98, and a quick ratio of 0.98. The fifty day moving average price for MPLN is $0.66034 and a two-hundred day moving average price translates $1.19616 for the stock.
The latest earnings results from MultiPlan Corp (NYSE: MPLN) was released for 2024-03-31. The net profit margin was -65.83% and return on equity was -42.69% for MPLN. The company reported revenue of $234.51 million for the quarter, compared to $236.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.88 percent.
