Mannkind Corp (MNKD) concluded trading on Wednesday at a closing price of $5.90, with 11.05 million shares of worth about $65.18 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 50.51% during that period and on August 28, 2024 the price saw a gain of about 9.67%. Currently the company’s common shares owned by public are about 270.03M shares, out of which, 265.96M shares are available for trading.
Stock saw a price change of 9.46% in past 5 days and over the past one month there was a price change of 2.43%. Year-to-date (YTD), MNKD shares are showing a performance of 62.09% which increased to 23.69% 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 $6.04 during that period. The average intraday trading volume for Mannkind Corp shares is 2.44 million. The stock is currently trading 11.71% above its 20-day simple moving average (SMA20), while that difference is up 9.62% for SMA50 and it goes to 34.63% higher than SMA200.
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Mannkind Corp (NASDAQ: MNKD) currently have 270.03M outstanding shares and institutions hold larger chunk of about 49.93% of that.
The stock has a current market capitalization of $1.62B and its 3Y-monthly beta is at 1.31. PE ratio of stock for trailing 12 months is 163.43, while it has posted earnings per share of $0.04 in the same period. Its PEG reads 4.59 and has Quick Ratio of 3.76. 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 5.08% while standing at 5.08% over the month.
Stock’s fiscal year EPS is expected to rise by 306.25% while it is estimated to increase by 133.33% 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 Rodman & Renshaw on June 13, 2024 offering a Buy rating for the stock and assigned a target price of $8 to it. Coverage by Wedbush stated Mannkind Corp (MNKD) stock as an Outperform in their note to investors on October 10, 2023, suggesting a price target of $10 for the stock. On May 14, 2021, RBC Capital Mkts Initiated their recommendations, while on December 24, 2019, Oppenheimer Initiated their ratings for the stock with a price target of $2.50. Stock get an Overweight rating from Cantor Fitzgerald on October 25, 2019.
