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Mannkind Corp (NASDAQ: MNKD) closed the day trading at $6.09 up 0.16% from the previous closing price of $6.08. In other words, the price has increased by $0.16 from its previous closing price. On the day, 2.57 million shares were traded. MNKD stock price reached its highest trading level at $6.19 during the session, while it also had its lowest trading level at $5.97.
Ratios:
For a better understanding of MNKD, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 93.25. For the most recent quarter (mrq), Quick Ratio is recorded 3.76 and its Current Ratio is at 4.07.
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:
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 Sep 03 ’24 when Tross Stuart A sold 25,000 shares for $6.26 per share. The transaction valued at 156,500 led to the insider holds 1,022,191 shares of the business.
STUART A TROSS bought 25,000 shares of MNKD for $156,380 on Sep 03 ’24. On Aug 30 ’24, another insider, Tross Stuart A, who serves as the Chief People & Workpl Officer of the company, sold 80,000 shares for $6.33 each. As a result, the insider received 506,050 and left with 1,047,191 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 1674719616 and an Enterprise Value of 1755743872. As of this moment, Mannkind’s Price-to-Earnings (P/E) ratio for their current fiscal year is 168.70, and their Forward P/E ratio for the next fiscal year is 31.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.74. Its current Enterprise Value per Revenue stands at 7.069 whereas that against EBITDA is 34.822.
Stock Price History:
Over the past 52 weeks, MNKD has reached a high of $6.44, while it has fallen to a 52-week low of $3.17. The 50-Day Moving Average of the stock is 11.06%, while the 200-Day Moving Average is calculated to be 37.34%.
Shares Statistics:
Over the past 3-months, MNKD traded about 2.73M shares per day on average, while over the past 10 days, MNKD traded about 3536790 shares per day. A total of 270.03M shares are outstanding, with a floating share count of 266.30M. Insiders hold about 3.16% of the company’s shares, while institutions hold 49.95% stake in the company. Shares short for MNKD as of 1723680000 were 38829716 with a Short Ratio of 14.21, compared to 1721001600 on 35729156. Therefore, it implies a Short% of Shares Outstanding of 38829716 and a Short% of Float of 14.299999999999999.
