Currently, there are 275.78M common shares owned by the public and among those 267.28M shares have been available to trade.
The company’s stock has a 5-day price change of -11.09% and -10.96% over the past three months. MNKD shares are trading 62.91% year to date (YTD), with the 12-month market performance up to 50.51% higher. It has a 12-month low price of $3.17 and touched a high of $7.63 over the same period. MNKD has an average intraday trading volume of 2.42 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 -10.85%, -12.23%, and 6.98% respectively.
Institutional ownership of Mannkind Corp (NASDAQ: MNKD) shares accounts for 55.99% of the company’s 275.78M shares outstanding.
It has a market capitalization of $1.64B and a beta (3y monthly) value of 1.28. The stock’s trailing 12-month PE ratio is 84.35, while the earnings-per-share (ttm) stands at $0.07. The company has a PEG of 2.37 and a Quick Ratio of 4.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.67% over the week and 3.87% over the month.
Earnings per share for the fiscal year are expected to increase by 355.00%, and 103.92% 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. Leerink Partners stated their Outperform rating for the stock in a research note on September 09, 2024, with the firm’s price target at $7-$8. Rodman & Renshaw coverage for the Mannkind Corp (MNKD) stock in a research note released on June 13, 2024 offered a Buy rating with a price target of $8. Wedbush was of a view on October 10, 2023 that the stock is Outperform, while RBC Capital Mkts gave the stock Sector Perform rating on May 14, 2021, issuing a price target of $5. Oppenheimer on their part issued Outperform rating on December 24, 2019.
