MannKind Corporation [NASDAQ: MNKD] opened at $1.20 and closed at $1.19 a share within trading session on Dec 6, 2019. That means that the stock gained by 1.68% compared to the closing price from a day before, when the stock touched $1.21.
Between the start and the closing of the latest trading session, MannKind Corporation [NASDAQ: MNKD] had 3 million shares being bought and sold. In the last three months, average trading volumes hovered around 2.08M shares. During the last week, volatility in the share price was set at 6.08%, which placed the metric for the last 30 days at 6.06%. The price of the stock additionally went down to $0.94 during that period and MNKD managed to take a rebound to $2.34 in the last 52 weeks.
MannKind Corporation [NASDAQ:MNKD]: Analyst Rating and Earnings
Its stock price has been found in the range of 0.94 to 2.34. This is compared to its latest closing price of $1.19.
Keep on the lookout for this organization’s next scheduled financial results, which are expected to be made public on Tue 25 Feb (In 79 Days).
Fundamental Analysis of MannKind Corporation [MNKD]
Now let’s turn to look at profitability: with a current Operating Margin for MannKind Corporation [MNKD] sitting at -291.01 and its Gross Margin at +26.49, this company’s Net Margin is now -75.10%. These metrics indicate that this company is not generating as much profit, after accounting for expenses, compared to its market peers.
Similarly, its Total Debt to Total Assets stands at 103.37.
What about valuation? This company’s Enterprise Value to EBITDA is -3.65. The Enterprise Value to Sales for this firm is now 4.59, and its Total Debt to Enterprise Value stands at 0.58.
Shifting the focus to workforce efficiency, MannKind Corporation [MNKD] earns $123,818 for each employee under its payroll. Similarly, this company’s Receivables Turnover is 8.19 and its Total Asset Turnover is 0.29. This publicly-traded organization’s liquidity data is also interesting: its Quick Ratio is 1.04 and its Current Ratio is 1.09. This company, considering these metrics, has a healthy ratio between its short-term liquid assets and its short-term liabilities, making it a less risky investment.
MannKind Corporation [MNKD] has 202.98M shares outstanding, amounting to a total market cap of $245.61M. Its stock price has been found in the range of 0.94 to 2.34. At its current price, it has moved down by -48.29% from its 52-week high, and it has moved up 28.72% from its 52-week low.
This stock’s Beta value is currently 2.28, which indicates that it is 6.08% more volatile that the wider market. This stock’s Relative Strength Index (RSI) is at 47.09. This RSI score is good, suggesting this stock is neither overbought or oversold.
Conclusion: Is MannKind Corporation [MNKD] a Reliable Buy?
Shares of MannKind Corporation [MNKD], on the whole, present investors with both positive and negative signals. Wall Street analysts have mixed reviews when it comes to the 12-month price outlook, and this company’s financials show a combination of strengths and weaknesses. Based on the price performance, this investment is somewhat risky while presenting reasonable potential for ROI.