Mannkind Corp [NASDAQ: MNKD] stock went on a downward path that fall over -1.03% on Thursday, amounting to a one-week price increase of more than 1.82%.
Over the last 12 months, MNKD stock rose by 81.40%. The one-year Mannkind Corp stock forecast points to a potential upside of 28.4. The average equity rating for MNKD stock is currently 1.40, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $1.86 billion, with 275.78 million shares outstanding and 267.25 million shares in the current float. Compared to the average trading volume of 2.42M shares, MNKD stock reached a trading volume of 2746570 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 0.28, with the Price to Sales ratio for MNKD stock in the period of the last 12 months amounting to 6.95. Price to Free Cash Flow for MNKD in the course of the last twelve months was 65.03 with Quick ratio for the last quarter at 4.17.
MNKD Stock Performance Analysis:
Mannkind Corp [MNKD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.82. With this latest performance, MNKD shares dropped by -7.30% in over the last four-week period, additionally plugging by 44.89% over the last 6 months – not to mention a rise of 81.40% 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 47.70, with the RSI for the last a single of trading hit 46.50, and the three-weeks RSI is set at 49.71 for Mannkind Corp [MNKD]. The present Moving Average for the last 50 days of trading for this stock 6.73, while it was recorded at 6.72 for the last single week of trading, and 5.44 for the last 200 days.
Insight into Mannkind Corp 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.
MNKD Stock EPS
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%.
Mannkind Corp [MNKD] Institutonal Ownership Details
There are presently around $56.64%, or 57.70%% 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%.
