The closing price of Mannkind Corp (NASDAQ: MNKD) was $4.34 for the day, down -4.19% from the previous closing price of $4.53. In other words, the price has decreased by -$0.1900 from its previous closing price. On the day, 2720051 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:
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 1.18B and an Enterprise Value of 1.15B. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.90. Its current Enterprise Value per Revenue stands at 5.80 whereas that against EBITDA is 55.96.
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. The 50-Day Moving Average of the stock is 4.0026, while the 200-Day Moving Average is calculated to be 4.0802.
Shares Statistics:
MNKD traded an average of 3.18M shares per day over the past three months and 3.15M shares per day over the past ten days. A total of 270.03M shares are outstanding, with a floating share count of 260.22M. Insiders hold about 3.77% of the company’s shares, while institutions hold 49.45% stake in the company. Shares short for MNKD as of Mar 15, 2024 were 33.05M with a Short Ratio of 10.39, compared to 34.65M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 12.22% and a Short% of Float of 12.50%.
Earnings Estimates
The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of $0.03 for the current quarter, with a high estimate of $0.06 and a low estimate of $0.01, while EPS last year was -$0.04. The consensus estimate for the next quarter is $0.03, with high estimates of $0.07 and low estimates of $0.01.
Analysts are recommending an EPS of between $0.17 and $0.06 for the fiscal current year, implying an average EPS of $0.1. EPS for the following year is $0.25, with 5 analysts recommending between $0.36 and $0.14.
Revenue Estimates
A total of 5 analysts have provided revenue estimates for MNKD’s current fiscal year. The highest revenue estimate was $280.7M, while the lowest revenue estimate was $241.5M, resulting in an average revenue estimate of $254.35M. In the same quarter a year ago, actual revenue was $198.96M, up 27.80% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $320.34M in the next fiscal year. The high estimate is $371M and the low estimate is $280.13M. The average revenue growth estimate for next year is up 25.90% from the average revenue estimate for this year.
