MultiPlan Corp (NYSE:MPLN) does about 1.95M shares in volume on a normal day but saw 1364200 shares change hands in Tuesday’s trading. The company now has a market cap of 426.30M USD. Its current market price is $0.65, marking a decrease of -2.46% compared to the previous close of $0.67. The 52 week high reached by this stock is $2.29 whilst the lowest price level in 52 weeks is $0.53.
MultiPlan Corp (MPLN) has a 20-day trading average at $0.6721 and the current price is -71.61% off the 52-week high compared with 22.66% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7945 and its 200-day simple moving average is $1.3370. If we look at the stock’s price movements over the week, volatility stands at 7.17%, which increases to 10.07% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 42.28 to suggest the stock is neutral.
The consensus objective for the share price is $1.68, suggesting that the stock has a potential upside of 61.31% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 13, 2022 when Citigroup downgraded the stock to “Neutral” and issued a price target of between $3 and $2. Citigroup resumed its price target at $9.
MultiPlan Corp (MPLN) stock is up 0.05% over the week and -23.49% over the past month. Its price is -54.85% year-to-date and -17.70% over the past year.
To reach the target analysts have set, the stock logically needs to grow 61.31 percent from here.
The company has a return on investment of -1.47% and return on equity of -5.24%. The beta has a value of 0.84. Price to book ratio is 0.25 and price to sales ratio is 0.44.
