Mannkind Corp (MNKD) concluded trading on Wednesday at a closing price of $4.63, with 5.62 million shares of worth about $26.0 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.89% during that period and on March 27, 2024 the price saw a loss of about -5.70%. Currently the company’s common shares owned by public are about 270.03M shares, out of which, 260.22M shares are available for trading.
Stock saw a price change of -3.94% in past 5 days and over the past one month there was a price change of 22.49%. Year-to-date (YTD), MNKD shares are showing a performance of 27.20% which increased to 14.89% 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 3.10 million. The stock is currently trading -0.82% below its 20-day simple moving average (SMA20), while that difference is up 17.17% for SMA50 and it goes to 13.61% higher than SMA200.
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Mannkind Corp (NASDAQ: MNKD) currently have 270.03M outstanding shares and institutions hold larger chunk of about 49.45% of that.
The stock has a current market capitalization of $1.25B and its 3Y-monthly beta is at 1.28. 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 5.51% while standing at 6.44% over the month.
Analysts are in expectations that Mannkind Corp (MNKD) stock would likely to be making an EPS of $0.03 in the current quarter, while forecast for next quarter EPS is $0.03 and it is $0.25 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.01 which is $0.06 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 385.42% while it is estimated to increase by 101.31% 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.
