Mannkind Corp (MNKD) concluded trading on Thursday at a closing price of $7.39, with 3.95 million shares of worth about $29.23 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 71.46% during that period and on November 07, 2024 the price saw a loss of about -0.67%. Currently the company’s common shares owned by public are about 270.03M shares, out of which, 266.41M shares are available for trading.
Stock saw a price change of 4.53% in past 5 days and over the past one month there was a price change of 14.93%. Year-to-date (YTD), MNKD shares are showing a performance of 103.02% which increased to 94.47% 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 $7.63 during that period. The average intraday trading volume for Mannkind Corp shares is 2.32 million. The stock is currently trading 8.34% above its 20-day simple moving average (SMA20), while that difference is up 13.31% for SMA50 and it goes to 44.31% higher than SMA200.
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Mannkind Corp (NASDAQ: MNKD) currently have 270.03M outstanding shares and institutions hold larger chunk of about 50.12% of that.
The stock has a current market capitalization of $2.03B and its 3Y-monthly beta is at 1.31. PE ratio of stock for trailing 12 months is 204.71, while it has posted earnings per share of $0.04 in the same period. Its PEG reads 5.75 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 3.80% while standing at 3.41% over the month.
Stock’s fiscal year EPS is expected to rise by 325.00% while it is estimated to increase by 94.44% 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 Leerink Partners on September 09, 2024 offering an Outperform rating for the stock and assigned a target price range of between $7 and $8 to it. Coverage by Rodman & Renshaw stated Mannkind Corp (MNKD) stock as a Buy in their note to investors on June 13, 2024, suggesting a price target of $8 for the stock. On October 10, 2023, Wedbush Initiated their recommendations, while on May 14, 2021, RBC Capital Mkts Initiated their ratings for the stock with a price target of $5. Stock get an Outperform rating from Oppenheimer on December 24, 2019.
