Where Does MultiPlan Corporation (MPLN) Rank When It Comes To Price-To-Earnings Ratio?

MultiPlan Corporation (NYSE:MPLN) traded on Tuesday with a subtraction of -$0.15 to $5.30, a downside of -2.84 percent. An average of 2,213,929 shares of common stock have been traded in the last five days. There was a fall of -$0.31 in the past week. The last 20 days have seen an average of 3,946,437 shares traded, while the 50-day average volume stands at 3,145,561.

MPLN stock has decreased by -12.80% in the last month. The company shares reached their 1-month lowest point of $5.28 on 10/05/21. With the stock rallying to its 52-week high on 06/25/21, shares of the company touched a low of $5.41 and a high of $10.55 in 52 weeks. In spite of this, the price is down -49.81% from the 52-week high.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Valuation Metrics

MultiPlan Corporation (MPLN) has a trailing price-to-earnings (P/E) ratio of 20.34 for the broader industry and 32.05 for the sector. This means investors are optimistic about the stock’s future prospects. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.49, the price-to-book (PB) ratio at 1.53.

The quick ratio of MultiPlan Corporation for the three months ended June 29 was 2.50, and the current ratio was 2.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.09 and a total debt to equity ratio of 2.09 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 94.30%. MultiPlan Corporation’s EBITDA margin for the year ending June 29 is 28.99%. Its gross profit as reported stood at $619.09 million compared to revenue of $937.76 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, MultiPlan Corporation’s return on assets was -8.00%, compared to over the last five years. In the past year, the return on investment has been -2.90%, and the 5-year average is. Meanwhile, the return on equity (ROE) for the past 12 months has been -25.10% and the 5-year average holds at. For the broader industry, ROE averaged 9.78 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at MultiPlan Corporation (MPLN) price momentum. RSI 9-day as of the close on 04 October was 28.88%, suggesting the stock is oversold, with historical volatility in this time frame at 32.85%.

As of today, MPLN’s price is $5.50 -5.54% or -$0.31 from its 5-day moving average. MPLN is currently trading -13.56% lower than its 20-day SMA and -26.01% lower than its 100-day SMA. However, the stock’s current price level is -32.44% below the SMA50 and -43.48% below the SMA200.

The stochastic %K and %D were 5.90% and 8.89%, respectively, and the average true range (ATR) was 0.30. With the 14-day stochastic at 0.86% and the average true range at 0.31, the RSI (14) stands at 32.84%. The stock has reached -0.22 on the 9-day MACD Oscillator while the 14-day reading was at -0.33.

Analyst Ratings

The consensus rating for MultiPlan Corporation (MPLN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MPLN, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is MPLN’s price target for the next 12 months?

Analysts predict a range of price targets between $7.00 and $10.00, with a median target of $9.00. Taking a look at these predictions, the average price target given by analysts for MultiPlan Corporation (MPLN) stock is $8.67.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Hot Topics

Related Videos

Related Videos

Related Articles

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

592

100% free. stop anytime no spam