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The price of Mannkind Corp (NASDAQ: MNKD) closed at $6.74 in the last session, down -3.99% from day before closing price of $7.02. In other words, the price has decreased by -$3.99 from its previous closing price. On the day, 1.41 million shares were traded. MNKD stock price reached its highest trading level at $7.02 during the session, while it also had its lowest trading level at $6.72.
Ratios:
We take a closer look at MNKD’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 62.53. For the most recent quarter (mrq), Quick Ratio is recorded 4.17 and its Current Ratio is at 4.54.
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, Wells Fargo on December 20, 2024, initiated with a Overweight rating and assigned the stock a target price of $9.
On December 19, 2024, RBC Capital Mkts Upgraded its rating to Outperform which previously was Sector Perform and also upped its target price recommendation from $7 to $10.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 1858743552 and an Enterprise Value of 1978302208. As of this moment, Mannkind’s Price-to-Earnings (P/E) ratio for their current fiscal year is 95.87, and their Forward P/E ratio for the next fiscal year is 30.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.68. Its current Enterprise Value per Revenue stands at 7.404 whereas that against EBITDA is 31.062.
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 -0.48%, while the 200-Day Moving Average is calculated to be 20.67%.
Shares Statistics:
According to the various share statistics, MNKD traded on average about 2.61M shares per day over the past 3-months and 3647570 shares per day over the past 10 days. A total of 275.78M shares are outstanding, with a floating share count of 267.28M. Insiders hold about 3.08% of the company’s shares, while institutions hold 55.99% stake in the company. Shares short for MNKD as of 1732838400 were 41711119 with a Short Ratio of 15.86, compared to 1730332800 on 42865752. Therefore, it implies a Short% of Shares Outstanding of 41711119 and a Short% of Float of 15.310000000000002.
