Mannkind Corp [NASDAQ: MNKD] traded at a high on Thursday, posting a 0.29 gain after which it closed the day’ session at $6.90.
The results of the trading session contributed to over 3623801 shares changing hands. Over the past one week, the price volatility of Mannkind Corp stands at 4.14% while the volatility over the past one month is 4.64%.
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The market cap for MNKD stock reached $1.90 billion, with 270.03 million shares outstanding and 267.25 million shares in the current float. Compared to the average trading volume of 2.49M shares, MNKD reached a trading volume of 3623801 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $9.40 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 1.40. 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.
Leerink Partners have made an estimate for Mannkind Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 09, 2024. While these analysts kept the previous recommendation, Rodman & Renshaw raised their target price to Buy. The new note on the price target was released on June 13, 2024, representing the official price target for Mannkind Corp stock. Previously, the target price had yet another raise to $10, while Wedbush analysts kept a Outperform rating on MNKD stock.
The Average True Range (ATR) for Mannkind Corp is set at 0.30, with the Price to Sales ratio for MNKD stock in the period of the last 12 months amounting to 7.12. Price to Free Cash Flow for MNKD in the course of the last twelve months was 66.67 with Quick ratio for the last quarter at 4.17.
How has MNKD stock performed recently?
Mannkind Corp [MNKD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.71. With this latest performance, MNKD shares gained by 6.32% in over the last four-week period, additionally plugging by 43.15% over the last 6 months – not to mention a rise of 85.98% 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 51.12, with the RSI for the last a single of trading hit 47.45, and the three-weeks RSI is set at 53.71 for Mannkind Corp [MNKD]. The present Moving Average for the last 50 days of trading for this stock 6.69, while it was recorded at 6.83 for the last single week of trading, and 5.30 for the last 200 days.
Mannkind Corp [MNKD]: Deeper insight into the fundamentals
Mannkind Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.17 and a Current Ratio set at 4.54.
Earnings analysis for Mannkind Corp [MNKD]
With the latest financial reports released by the company, Mannkind Corp posted 0.02/share EPS, while the average EPS was predicted by analysts to be reported at -0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. 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%.
Insider trade positions for Mannkind Corp [MNKD]
There are presently around $56.60%, or 57.66%% of MNKD stock, in the hands of institutional investors. The top three institutional holders of MNKD stocks are: BLACKROCK INC. with ownership of 22.56 million shares, which is approximately 8.344%. VANGUARD GROUP INC, holding 15.43 million shares of the stock with an approximate value of $$80.55 million in MNKD stocks shares; and VANGUARD GROUP INC, currently with $$52.62 million in MNKD stock with ownership which is approximately 3.7283%.
