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In other words, the price has increased by $0.00 from its previous closing price. On the day, 1.82 million shares were traded. MNKD stock price reached its highest trading level at $5.905 during the session, while it also had its lowest trading level at $5.7199.
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 5.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 544.64. For the most recent quarter (mrq), Quick Ratio is recorded 3.57 and its Current Ratio is at 3.84.
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 Thomson David sold 3,115 shares for $5.93 per share. The transaction valued at 18,472 led to the insider holds 857,885 shares of the business.
Binder Steven B. sold 2,836 shares of MNKD for $16,817 on Jul 16 ’24. The EVP Special Projects now owns 1,100,860 shares after completing the transaction at $5.93 per share. On May 21 ’24, another insider, Binder Steven B., who serves as the EVP Special Projects of the company, sold 25,952 shares for $4.66 each. As a result, the insider received 120,936 and left with 1,114,553 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 1568540160 and an Enterprise Value of 1634393216. As of this moment, Mannkind’s Price-to-Earnings (P/E) ratio for their current fiscal year is 244.07, and their Forward P/E ratio for the next fiscal year is 23.23. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.98. Its current Enterprise Value per Revenue stands at 7.277 whereas that against EBITDA is 45.628.
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 11.96%, while the 200-Day Moving Average is calculated to be 35.30%.
Shares Statistics:
MNKD traded an average of 2.39M shares per day over the past three months and 2143900 shares per day over the past ten days. A total of 270.03M shares are outstanding, with a floating share count of 263.40M. Insiders hold about 3.27% of the company’s shares, while institutions hold 50.02% stake in the company. Shares short for MNKD as of 1721001600 were 35729156 with a Short Ratio of 14.95, compared to 1718323200 on 35768012. Therefore, it implies a Short% of Shares Outstanding of 35729156 and a Short% of Float of 13.29.
