Mannkind Corp (MNKD) concluded trading on Wednesday at a closing price of $3.92, with 6.24 million shares of worth about $24.45 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -17.82% during that period and on on Wednesday the price saw a gain of about 3.70%. Currently the company’s common shares owned by public are about 270.03M shares, out of which, 259.38M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 50 times over the past 12 months. They bought 3,369,004 shares in 15 of the transactions. In 35 selling transactions, insiders dumped 2,349,053 shares.
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However, the stock later moved at a day high price of 4.2800, or with a gain of 3.70%. Stock saw a price change of 8.89% in past 5 days and over the past one month there was a price change of 11.36%. Year-to-date (YTD), MNKD shares are showing a performance of 7.69% which decreased to -27.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.17 but also hit the highest price of $5.75 during that period. The average intraday trading volume for Mannkind Corp shares is 2.59 million. The stock is currently trading 11.60% above its 20-day simple moving average (SMA20), while that difference is up 10.36% for SMA50 and it goes to -3.33% lower than SMA200.
Mannkind Corp (NASDAQ: MNKD) currently have 270.03M outstanding shares and institutions hold larger chunk of about 49.62% of that.
The stock has a current market capitalization of $1.06B and its 3Y-monthly beta is at 1.25. It has posted earnings per share of -$0.05 in the same period. It has Quick Ratio of 3.31. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MNKD, volatility over the week remained 5.27% while standing at 4.50% over the month.
Analysts are in expectations that Mannkind Corp (MNKD) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is $0.02 and it is $0.22 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.01 which is $0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 535.42% while it is estimated to increase by 31.96% in next year. EPS is likely to shrink at an annualized rate of 35.60% for next 5-years, compared to annual growth of 40.58% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wedbush on October 10, 2023 offering an Outperform rating for the stock and assigned a target price of $10 to it. Coverage by RBC Capital Mkts stated Mannkind Corp (MNKD) stock as a Sector perform in their note to investors on May 14, 2021, suggesting a price target of $5 for the stock. On December 24, 2019, Oppenheimer Initiated their recommendations, while on October 25, 2019, Cantor Fitzgerald Initiated their ratings for the stock with a price target of $3. Stock get a Buy rating from BTIG Research on May 14, 2019.
