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After finishing at $6.61 in the prior trading day, Mannkind Corp (NASDAQ: MNKD) closed at $6.78, up 2.57%. In other words, the price has increased by $2.57 from its previous closing price. On the day, 1.85 million shares were traded. MNKD stock price reached its highest trading level at $6.8 during the session, while it also had its lowest trading level at $6.58.
Ratios:
Our goal is to gain a better understanding of MNKD by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 67.20. For the most recent quarter (mrq), Quick Ratio is recorded 4.17 and its Current Ratio is at 4.54.
On June 13, 2024, Rodman & Renshaw started tracking the stock assigning a Buy rating and target price of $8.
On October 10, 2023, Wedbush started tracking the stock assigning a Outperform rating and target price of $10.Wedbush initiated its Outperform rating on October 10, 2023, with a $10 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 22 ’24 when Binder Steven B. sold 67,536 shares for $6.89 per share. The transaction valued at 465,323 led to the insider holds 1,075,026 shares of the business.
STEVEN B BINDER bought 67,536 shares of MNKD for $465,397 on Nov 22 ’24. On Nov 15 ’24, another insider, Binder Steven B., who serves as the Director of the company, sold 67,539 shares for $6.76 each. As a result, the insider received 456,564 and left with 1,075,026 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 1869774848 and an Enterprise Value of 1958997760. As of this moment, Mannkind’s Price-to-Earnings (P/E) ratio for their current fiscal year is 96.44, and their Forward P/E ratio for the next fiscal year is 32.60. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.18. Its current Enterprise Value per Revenue stands at 7.332 whereas that against EBITDA is 30.759.
Stock Price History:
Over the past 52 weeks, MNKD has reached a high of $7.63, while it has fallen to a 52-week low of $3.17. The 50-Day Moving Average of the stock is 1.04%, while the 200-Day Moving Average is calculated to be 26.02%.
Shares Statistics:
The stock has traded on average 2.47M shares per day over the past 3-months and 3127910 shares per day over the last 10 days, according to various share statistics. A total of 270.03M shares are outstanding, with a floating share count of 267.25M. Insiders hold about 3.09% of the company’s shares, while institutions hold 55.94% stake in the company. Shares short for MNKD as of 1731628800 were 42040556 with a Short Ratio of 17.05, compared to 1728950400 on 42944562. Therefore, it implies a Short% of Shares Outstanding of 42040556 and a Short% of Float of 15.43.
