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The closing price of Mannkind Corp (NASDAQ: MNKD) was $6.52 for the day, down -1.21% from the previous closing price of $6.60. In other words, the price has decreased by -$1.21 from its previous closing price. On the day, 1.71 million shares were traded. MNKD stock price reached its highest trading level at $6.61 during the session, while it also had its lowest trading level at $6.46.
Ratios:
Our analysis of MNKD’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 99.83. For the most recent quarter (mrq), Quick Ratio is recorded 3.76 and its Current Ratio is at 4.07.
On June 13, 2024, Rodman & Renshaw started tracking the stock assigning a Buy rating and target price of $8.
On October 10, 2023, Wedbush started tracking the stock assigning a Outperform rating and target price of $10.Wedbush initiated its Outperform rating on October 10, 2023, with a $10 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 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 1792967424 and an Enterprise Value of 1876741632. As of this moment, Mannkind’s Price-to-Earnings (P/E) ratio for their current fiscal year is 180.61, and their Forward P/E ratio for the next fiscal year is 37.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.22. Its current Enterprise Value per Revenue stands at 7.556 whereas that against EBITDA is 37.221.
Stock Price History:
Over the past 52 weeks, MNKD has reached a high of $6.92, while it has fallen to a 52-week low of $3.17. The 50-Day Moving Average of the stock is 13.40%, while the 200-Day Moving Average is calculated to be 41.57%.
Shares Statistics:
MNKD traded an average of 2.75M shares per day over the past three months and 2443270 shares per day over the past ten days. A total of 270.03M shares are outstanding, with a floating share count of 266.41M. Insiders hold about 3.12% of the company’s shares, while institutions hold 49.96% stake in the company. Shares short for MNKD as of 1724976000 were 41194863 with a Short Ratio of 14.96, compared to 1722384000 on 38568019. Therefore, it implies a Short% of Shares Outstanding of 41194863 and a Short% of Float of 15.17.
