Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for MPLN that means the stock would have to gain 113.01% to get back to the 52-week high. For a move like that, MultiPlan Corp would need fundamental strength at the business level.
Full Answer
Is MPLN stock a good buy?
Is MULTIPLAN Stock a good buy in 2022, according to Wall Street analysts? The consensus among 2 Wall Street analysts covering (NYSE: MPLN) stock is to Buy MPLN stock.
Will MultiPlan stock go up?
Stock Price Forecast The 3 analysts offering 12-month price forecasts for Multiplan Corp have a median target of 6.00, with a high estimate of 7.00 and a low estimate of 6.00. The median estimate represents a +39.21% increase from the last price of 4.31.
Why is MultiPlan stock dropping?
In November 2020, Muddy Waters Research wrote a short report outlining how MultiPlan was in the process of losing UnitedHealth as a customer because of the introduction of the latter's competing Naviguard product. That report led to a 20% drop in shares.Jul 7, 2021
Is MPLN a SPAC?
The combined company began trading under the ticker symbol MPLN the following day. The deal valued Multiplan at an enterprise value of $11 billion—at the time making it the largest U.S. SPAC deal ever.Nov 16, 2020
Is MultiPlan profitable?
Managed care company MultiPlan Corp. reported a nearly 17% increase in revenues for the fourth quarter of 2021, which it says capped one of the most successful years in its history, the Bakersfield Californian reports. New York-based MultiPlan reported revenues of $298.3 million, up 16.8% over the year-earlier period.Feb 18, 2022
Can SPACs make you rich?
A successful SPAC acquisition can lead to a windfall for the SPAC sponsors because as part of the IPO they get to purchase up to 20% of the outstanding shares for a nominal amount of money.Mar 24, 2022
Who makes money with SPACs?
of the target company must be 80% or more of the SPAC's trust assets. Once acquired, the founders will profit from their stake in the new company, usually 20% of the common stock, while the investors receive an equity interest according to their capital contribution.
Can you lose money on SPAC?
Naïve investors lose because of three main issues with SPACs: misaligned incentives, dilution of shareholder value, and the cost of the SPAC listing.Dec 31, 2021
MPLN-WS ( MPLN-WS ) Stock Market info
Recommendations: Buy or sell MPLN-WS stock? Wall Street Stock Market & Finance report, prediction for the future: You'll find the MPLN-WS share forecasts, stock quote and buy / sell signals below. According to present data MPLN-WS's MPLN-WS shares and potentially its market environment have been in bearish cycle last 12 months (if exists).
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