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In the latest session, Mannkind Corp (NASDAQ: MNKD) closed at $4.69 up 0.43% from its previous closing price of $4.67. In other words, the price has increased by $0.43 from its previous closing price. On the day, 2.37 million shares were traded. MNKD stock price reached its highest trading level at $4.73 during the session, while it also had its lowest trading level at $4.61.
Ratios:
For a deeper understanding of Mannkind Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 443.47. For the most recent quarter (mrq), Quick Ratio is recorded 3.57 and its Current Ratio is at 3.84.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 21 ’24 when Binder Steven B. sold 25,952 shares for $4.66 per share. The transaction valued at 120,936 led to the insider holds 1,114,553 shares of the business.
Thomson David sold 23,537 shares of MNKD for $109,682 on May 21 ’24. The EVP Genl Counsel & Secretary now owns 873,616 shares after completing the transaction at $4.66 per share. On May 13 ’24, another insider, Binder Steven B., who serves as the EVP Special Projects of the company, sold 3,618 shares for $4.31 each. As a result, the insider received 15,594 and left with 845,967 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 1277162112 and an Enterprise Value of 1343015296. As of this moment, Mannkind’s Price-to-Earnings (P/E) ratio for their current fiscal year is 198.73, and their Forward P/E ratio for the next fiscal year is 19.87. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.69. Its current Enterprise Value per Revenue stands at 5.98 whereas that against EBITDA is 37.493.
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 5.79%, while the 200-Day Moving Average is calculated to be 14.97%.
Shares Statistics:
For the past three months, MNKD has traded an average of 2.78M shares per day and 2076230 over the past ten days. A total of 270.03M shares are outstanding, with a floating share count of 263.26M. Insiders hold about 3.33% of the company’s shares, while institutions hold 49.35% stake in the company. Shares short for MNKD as of 1715731200 were 34287716 with a Short Ratio of 12.33, compared to 1713139200 on 31053766. Therefore, it implies a Short% of Shares Outstanding of 34287716 and a Short% of Float of 12.75.
