Currently, there are 270.03M common shares owned by the public and among those 260.19M shares have been available to trade.
Insiders at the company have transacted a total of 49 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 3,369,004 shares. Insider sales of the common stock occurred on 34 occasions, with total insider shares sold totaling 2,339,053 shares.
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However, the script later moved the day high at 4.8600, up 2.15%. The company’s stock has a 5-day price change of 25.66% and 25.99% over the past three months. MNKD shares are trading 30.49% year to date (YTD), with the 12-month market performance down to -2.46% lower. It has a 12-month low price of $3.17 and touched a high of $5.75 over the same period. MNKD has an average intraday trading volume of 2.89 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 28.40%, 32.52%, and 17.17% respectively.
Institutional ownership of Mannkind Corp (NASDAQ: MNKD) shares accounts for 49.47% of the company’s 270.03M shares outstanding.
It has a market capitalization of $1.28B and a beta (3y monthly) value of 1.27. The earnings-per-share (ttm) stands at -$0.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.52% over the week and 5.25% over the month.
Analysts forecast that Mannkind Corp (MNKD) will achieve an EPS of $0.02 for the current quarter, $0.02 for the next quarter and $0.23 for 2025. The lowest estimate earnings-per-share for the quarter is $0.01 while analysts give the company a high EPS estimate of $0.02. Comparatively, EPS for the current quarter was -$0.04 a year ago. Earnings per share for the fiscal year are expected to increase by 535.42%, and 31.96% over the next financial year. EPS should shrink at an annualized rate of 35.60% over the next five years, compared to 40.58% over the past 5-year period.
Looking at the support for the MNKD, a number of firms have released research notes about the stock. Wedbush stated their Outperform rating for the stock in a research note on October 10, 2023, with the firm’s price target at $10. RBC Capital Mkts coverage for the Mannkind Corp (MNKD) stock in a research note released on May 14, 2021 offered a Sector Perform rating with a price target of $5. Oppenheimer was of a view on December 24, 2019 that the stock is Outperform, while Cantor Fitzgerald gave the stock Overweight rating on October 25, 2019, issuing a price target of $3. BTIG Research on their part issued Buy rating on May 14, 2019.
