Mannkind Corp (NASDAQ: MNKD)’s stock price has decreased by -2.42 compared to its previous closing price of 4.55. However, the company has seen a 3.02% increase in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-03-04 that WESTLAKE VILLAGE, Calif. and DANBURY, Conn., March 04, 2024 (GLOBE NEWSWIRE) — MannKind Corporation (Nasdaq: MNKD), a company focused on the development and commercialization of inhaled therapeutic products and devices for patients with endocrine and orphan lung diseases, announced today that it will be participating at upcoming conferences.
Is It Worth Investing in Mannkind Corp (NASDAQ: MNKD) Right Now?
Company’s 36-month beta value is 1.32.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MNKD is 260.24M, and currently, short sellers hold a 12.70% ratio of that floaft. The average trading volume of MNKD on April 10, 2024 was 3.06M shares.
MNKD’s Market Performance
MNKD stock saw a decrease of 3.02% in the past week, with a monthly decline of -15.75% and a quarterly a decrease of 19.68%. The volatility ratio for the week is 5.78%, and the volatility levels for the last 30 days are 5.66% for Mannkind Corp (MNKD). The simple moving average for the past 20 days is -3.23% for MNKD’s stock, with a 8.61% simple moving average for the past 200 days.
Analysts’ Opinion of MNKD
Many brokerage firms have already submitted their reports for MNKD stocks, with Wedbush repeating the rating for MNKD by listing it as a “Outperform.” The predicted price for MNKD in the upcoming period, according to Wedbush is $10 based on the research report published on October 10, 2023 of the previous year 2023.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see MNKD reach a price target of $5. The rating they have provided for MNKD stocks is “Sector Perform” according to the report published on May 14th, 2021.
Oppenheimer gave a rating of “Outperform” to MNKD, setting the target price at $2.50 in the report published on December 24th of the previous year.
MNKD Trading at 7.75% from the 50-Day Moving Average
After a stumble in the market that brought MNKD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.78% of loss for the given period.
Volatility was left at 5.66%, however, over the last 30 days, the volatility rate increased by 5.78%, as shares sank -3.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.54% upper at present.
During the last 5 trading sessions, MNKD rose by +3.02%, which changed the moving average for the period of 200-days by +9.36% in comparison to the 20-day moving average, which settled at $4.58. In addition, Mannkind Corp saw 21.98% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MNKD starting from Castagna Michael, who sale 90,482 shares at the price of $4.00 back on Dec 15 ’23. After this action, Castagna Michael now owns 2,148,665 shares of Mannkind Corp, valued at $361,928 using the latest closing price.
Castagna Michael, the Chief Executive Officer of Mannkind Corp, sale 110,000 shares at $4.00 during a trade that took place back on Dec 14 ’23, which means that Castagna Michael is holding 2,239,147 shares at $440,000 based on the most recent closing price.
Stock Fundamentals for MNKD
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.68 for the gross margin
The net margin for Mannkind Corp stands at -0.09. The total capital return value is set at 0.03.
Based on Mannkind Corp (MNKD), the company’s capital structure generated 7.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at -1.15. The interest coverage ratio of the stock is 0.49.
Currently, EBITDA for the company is 16.39 million with net debt to EBITDA at 7.85. When we switch over and look at the enterprise to sales, we see a ratio of 6.76. The receivables turnover for the company is 12.92for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.59.
Conclusion
In a nutshell, Mannkind Corp (MNKD) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
