How Much Dividend Does MultiPlan Corporation (MPLN) Pay?


MultiPlan Corporation (NYSE:MPLN) finished Thursday with a subtraction of -$0.01 to close at $2.94, a downside of -0.17 percent. An average of 1,270,156 shares of common stock have been traded in the last five days. There was a fall of -$0.07 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 1,672,359 shares traded, while the 50-day average volume stands at 1,683,840.

MPLN stock has decreased by -22.37% in the last month. The company shares reached their 1-month lowest point of $2.88 on 09/23/22. With the stock rallying to its 52-week high on 06/27/22, shares of the company touched a low of $2.88 and a high of $6.19 in 52 weeks. It has reached a new high 17 times so far this year and lost -33.41% or -$1.50 in price. In spite of this, the price is down -52.42% from the 52-week high.

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Insider Transactions

32 days have passed since MultiPlan Corporation (MPLN) last reported insider trading activity. Tabak Mark, who is Director, most recently acquired $4,500,000 shares at $3.80 per share on Aug 22. In this transaction, the insider spent $17,100,000. SVP, Chief Information Officer, Kim Michael, disposed of 50,000 shares at a price of $4.37 on Aug 11. The insider now owns more than $218,360 worth of shares.

Valuation Metrics

MultiPlan Corporation (MPLN) has a trailing price-to-earnings (P/E) ratio of 11.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.59, the price-to-book (PB) ratio at 0.78, and the price-to-cash flow ratio at 5.43.

Financial Health

The quick ratio of MultiPlan Corporation for the three months ended June 29 was 3.20, and the current ratio was 3.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.02 and a total debt to equity ratio of 2.03 for the quarter ending June 29. Its gross profit as reported stood at $942.31 million compared to revenue of $1.12 billion.

Earnings Surprise

For the three-month period that ended June 29, MultiPlan Corporation had $4.88 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $13.51 million in the quarter, while revenues of $43.98 million were grew 447.37%. The analyst consensus anticipated MultiPlan Corporation’s latest quarter earnings to come in at $0.04 per share, but it turned out to be $0.02, a -50.00% surprise. For the quarter, EBITDA amounted to $201.72 million. Shareholders own equity worth $639.07 million.

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 22 September was 19.02%, suggesting the stock is oversold, with historical volatility in this time frame at 32.79%.

As of today, MPLN’s price is $2.95 -2.25% or -$0.07 from its 5-day moving average. MPLN is currently trading -21.38% lower than its 20-day SMA and -35.69% lower than its 100-day SMA. However, the stock’s current price level is -40.27% below the SMA50 and -35.12% below the SMA200.

The stochastic %K and %D were 11.04% and 11.01%, respectively, and the average true range (ATR) was 0.14. With the 14-day stochastic at 9.72% and the average true range at 0.15, the RSI (14) stands at 20.67%. The stock has reached -0.05 on the 9-day MACD Oscillator while the 14-day reading was at -0.17.

Analyst Ratings

Goldman launched coverage on MultiPlan Corporation (NYSE: MPLN) in its analyst report released on July 12, 2022. The firm assigned the stock a Neutral rating. 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 2 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 $6.00 and $6.50, with a median target of $6.00. Taking a look at these predictions, the average price target given by analysts for MultiPlan Corporation (MPLN) stock is $6.13.


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