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The closing price of Mannkind Corp (NASDAQ: MNKD) was $5.35 for the day, up 4.09% from the previous closing price of $5.14. In other words, the price has increased by $4.09 from its previous closing price. On the day, 2.98 million shares were traded. MNKD stock price reached its highest trading level at $5.56 during the session, while it also had its lowest trading level at $5.162.
Ratios:
Our analysis of MNKD’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 81.92. For the most recent quarter (mrq), Quick Ratio is recorded 3.76 and its Current Ratio is at 4.07.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Rodman & Renshaw on June 13, 2024, initiated with a Buy rating and assigned the stock a target price of $8.
On October 10, 2023, Wedbush started tracking the stock assigning a Outperform rating and target price of $10.
On May 14, 2021, RBC Capital Mkts started tracking the stock assigning a Sector Perform rating and target price of $5.RBC Capital Mkts initiated its Sector Perform rating on May 14, 2021, with a $5 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 16 ’24 when Binder Steven B. sold 2,836 shares for $5.93 per share. The transaction valued at 16,817 led to the insider holds 1,100,860 shares of the business.
Thomson David sold 3,115 shares of MNKD for $18,472 on Jul 16 ’24. The EVP Genl Counsel & Secretary now owns 857,885 shares after completing the transaction at $5.93 per share. On May 21 ’24, another insider, Thomson David, who serves as the EVP Genl Counsel & Secretary of the company, sold 23,537 shares for $4.66 each. As a result, the insider received 109,682 and left with 873,616 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MNKD now has a Market Capitalization of 1471223296 and an Enterprise Value of 1553224448. As of this moment, Mannkind’s Price-to-Earnings (P/E) ratio for their current fiscal year is 148.20, and their Forward P/E ratio for the next fiscal year is 30.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.92. Its current Enterprise Value per Revenue stands at 6.254 whereas that against EBITDA is 30.805.
Stock Price History:
Over the past 52 weeks, MNKD has reached a high of $6.04, while it has fallen to a 52-week low of $3.17. The 50-Day Moving Average of the stock is 1.07%, while the 200-Day Moving Average is calculated to be 23.50%.
Shares Statistics:
MNKD traded an average of 2.49M shares per day over the past three months and 2252850 shares per day over the past ten days. A total of 270.03M shares are outstanding, with a floating share count of 265.67M. Insiders hold about 3.39% of the company’s shares, while institutions hold 50.05% stake in the company. Shares short for MNKD as of 1722384000 were 38568019 with a Short Ratio of 15.51, compared to 1719532800 on 34282875. Therefore, it implies a Short% of Shares Outstanding of 38568019 and a Short% of Float of 14.2.
Earnings Estimates
The stock of Mannkind Corp (MNKD) is currently drawing attention from 3.0 analysts actively involved in the ongoing evaluation and rating process.The consensus estimate for the next quarter is $0.03, with high estimates of $0.04 and low estimates of $0.02.
Analysts are recommending an EPS of between $0.09 and $0.06 for the fiscal current year, implying an average EPS of $0.07. EPS for the following year is $0.17, with 3.0 analysts recommending between $0.22 and $0.12.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $73.5M to a low estimate of $64.46M. As of the current estimate, Mannkind Corp’s year-ago sales were $nanFor the next quarter, 3 analysts are estimating revenue of $72.61M. There is a high estimate of $77.1M for the next quarter, whereas the lowest estimate is $69.73M.
A total of 3 analysts have provided revenue estimates for MNKD’s current fiscal year. The highest revenue estimate was $289.3M, while the lowest revenue estimate was $272.84M, resulting in an average revenue estimate of $280.48M. In the same quarter a year ago, actual revenue was $198.96MBased on 3 analysts’ estimates, the company’s revenue will be $323.64M in the next fiscal year. The high estimate is $342.9M and the low estimate is $311.71M.
