In yesterday’s Wall Street session, MultiPlan Corp (NYSE:MPLN) shares traded at $0.28, down -10.89% from the previous session.
MPLN stock price is now -47.47% away from the 50-day moving average and -74.26% away from the 200-day moving average. The market capitalization of the company currently stands at $181.02M.
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With the price target of $2, Piper Sandler recently initiated with Neutral rating for MultiPlan Corp (NYSE: MPLN). On December 13, 2022, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $3 to quote $2, while ‘Goldman’ rates the stock as ‘Neutral’
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 $61600.0. A total of 58.92% of the company’s stock is owned by insiders.
During the past 12 months, MultiPlan Corp has had a low of $0.31 and a high of $2.16. 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 $0.52702 and a two-hundred day moving average price translates $1.083965 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.
