Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Mannkind Corp (NASDAQ: MNKD) closed the day trading at $4.11 down -1.67% from the previous closing price of $4.18. In other words, the price has decreased by $-1.67 from its previous closing price. On the day, 1.75 million shares were traded. MNKD stock price reached its highest trading level at $4.26 during the session, while it also had its lowest trading level at $4.105.
Ratios:
For a better understanding of MNKD, let’s look at its different ratios. 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:
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 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 1112835968 and an Enterprise Value of 1187594880. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.59. Its current Enterprise Value per Revenue stands at 5.969 whereas that against EBITDA is 78.498.
Stock Price History:
The Beta on a monthly basis for MNKD is 1.34, which has changed by 0.05655527 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. 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 -3.63%, while the 200-Day Moving Average is calculated to be 0.32%.
Shares Statistics:
Over the past 3-months, MNKD traded about 2.87M shares per day on average, while over the past 10 days, MNKD traded about 1892420 shares per day. 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 49.50% stake in the company. Shares short for MNKD as of 1711584000 were 30756272 with a Short Ratio of 10.72, compared to 1709164800 on 35747757. Therefore, it implies a Short% of Shares Outstanding of 30756272 and a Short% of Float of 11.5.
Earnings Estimates
Investors are keenly observing as 5 analysts analyze and rate the current performance of Mannkind Corp (MNKD) in the stock market.On average, analysts expect EPS of $0.03 for the current quarter, with a high estimate of $0.04 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 $0.06 and low estimates of $0.01.
Analysts are recommending an EPS of between $0.26 and $0.06 for the fiscal current year, implying an average EPS of $0.13. 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 $308.53M, while the lowest revenue estimate was $241.5M, resulting in an average revenue estimate of $259.92M. In the same quarter a year ago, actual revenue was $198.96M, up 30.60% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $319.91M in the next fiscal year. The high estimate is $368.82M and the low estimate is $280.13M. The average revenue growth estimate for next year is up 23.10% from the average revenue estimate for this year.
