The closing price of Mannkind Corp (NASDAQ: MNKD) was $4.12 for the day, down -0.72% from the previous closing price of $4.15. On the day, 1600903 shares were traded.
Ratios:
Our analysis of MNKD’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.31 and its Current Ratio is at 3.59.
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, Wedbush on October 10, 2023, initiated with a Outperform rating and assigned the stock a 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.
On December 24, 2019, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $2.50.Oppenheimer initiated its Outperform rating on December 24, 2019, with a $2.50 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 Dec 15 ’23 when Castagna Michael sold 90,482 shares for $4.00 per share. The transaction valued at 361,928 led to the insider holds 2,148,665 shares of the business.
Castagna Michael sold 110,000 shares of MNKD for $440,000 on Dec 14 ’23. The Chief Executive Officer now owns 2,239,147 shares after completing the transaction at $4.00 per share. On Nov 01 ’23, another insider, Castagna Michael, who serves as the Chief Executive Officer of the company, sold 10,000 shares for $4.25 each. As a result, the insider received 42,500 and left with 2,349,147 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 5.60.
Stock Price History:
Over the past 52 weeks, MNKD has reached a high of $5.75, while it has fallen to a 52-week low of $3.17.
Shares Statistics:
A total of 270.03M shares are outstanding, with a floating share count of 260.24M. Insiders hold about 3.76% of the company’s shares, while institutions hold 49.49% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by MannKind Corporation analysts. The consensus estimate for the next quarter is $9.78, with high estimates of $25.11 and low estimates of $48.00.
