Mannkind Corp [NASDAQ: MNKD] closed the trading session at $4.63. The company report on March 26, 2024 at 4:05 PM that MannKind Announces CFO Transition.
Steven B. Binder announces planned retirement and is appointed Executive Vice President, Special Projects, effective April 22, 2024, through December 31, 2024.
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Christopher Prentiss appointed Chief Financial Officer, effective April 22, 2024.
The stocks have a year to date performance of 27.20 percent and weekly performance of -3.94 percent. The stock has been moved at 14.89 percent over the last six months. The stock has performed 22.49 percent around the most recent 30 days and changed 27.55 percent over the most recent 3-months.
If compared to the average trading volume of 3.10M shares, MNKD reached to a volume of 5615365 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Mannkind Corp [MNKD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MNKD shares is $7.08 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MNKD stock is a recommendation set at 1.33. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wedbush have made an estimate for Mannkind Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 10, 2023. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Sector Perform. The new note on the price target was released on May 14, 2021, representing the official price target for Mannkind Corp stock. Previously, the target price had yet another raise to $2.50, while Oppenheimer analysts kept a Outperform rating on MNKD stock.
The Average True Range (ATR) for Mannkind Corp is set at 0.25, with the Price to Sales ratio for MNKD stock in the period of the last 12 months amounting to 6.29.
MNKD stock trade performance evaluation
Mannkind Corp [MNKD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.94. With this latest performance, MNKD shares gained by 22.49% in over the last four-week period, additionally plugging by 14.89% over the last 6 months – not to mention a rise of 14.89% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MNKD stock in for the last two-week period is set at 54.65, with the RSI for the last a single of trading hit 49.80, and the three-weeks RSI is set at 56.40 for Mannkind Corp [MNKD]. The present Moving Average for the last 50 days of trading for this stock 3.98, while it was recorded at 4.82 for the last single week of trading, and 4.08 for the last 200 days.
Mannkind Corp [MNKD]: An insightful look at the core fundamentals
Mannkind Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.31 and a Current Ratio set at 3.59.
Earnings per share (EPS) analysis for Mannkind Corp [MNKD] stock
With the latest financial reports released by the company, Mannkind Corp posted -0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.05/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 20.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MNKD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Mannkind Corp go to 35.60%.
Mannkind Corp [MNKD]: Institutional Ownership
The top three institutional holders of MNKD stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in MNKD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in MNKD stock with ownership which is approximately 5.8325%.
