Mannkind Corp (NASDAQ: MNKD) has a price-to-earnings ratio of 215.68x that is above its average ratio. Additionally, the 36-month beta value for MNKD is 1.33. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for MNKD is 263.40M and currently, short sellers hold a 13.56% ratio of that float. The average trading volume of MNKD on August 05, 2024 was 2.42M shares.
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MNKD) stock’s latest price update
The stock price of Mannkind Corp (NASDAQ: MNKD) has dropped by -4.68 compared to previous close of 5.34. Despite this, the company has seen a fall of -12.54% in its stock price over the last five trading days. globenewswire.com reported 2024-07-31 that LearnAboutNTM.com provides information and resources for patients and caregivers Site launch in support of World NTM Awareness Day, August 4 DANBURY, Conn. and WESTLAKE VILLAGE, Calif.
MNKD’s Market Performance
MNKD’s stock has fallen by -12.54% in the past week, with a monthly drop of -0.78% and a quarterly rise of 15.95%. The volatility ratio for the week is 3.94% while the volatility levels for the last 30 days are 3.84% for Mannkind Corp The simple moving average for the past 20 days is -10.68% for MNKD’s stock, with a 18.92% simple moving average for the past 200 days.
Analysts’ Opinion of MNKD
Many brokerage firms have already submitted their reports for MNKD stocks, with Rodman & Renshaw repeating the rating for MNKD by listing it as a “Buy.” The predicted price for MNKD in the upcoming period, according to Rodman & Renshaw is $8 based on the research report published on June 13, 2024 of the current year 2024.
Wedbush, on the other hand, stated in their research note that they expect to see MNKD reach a price target of $10. The rating they have provided for MNKD stocks is “Outperform” according to the report published on October 10th, 2023.
RBC Capital Mkts gave a rating of “Sector Perform” to MNKD, setting the target price at $5 in the report published on May 14th of the previous year.
MNKD Trading at -2.06% 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 -15.73% of loss for the given period.
Volatility was left at 3.84%, however, over the last 30 days, the volatility rate increased by 3.94%, as shares sank -6.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.25% upper at present.
During the last 5 trading sessions, MNKD fell by -13.66%, which changed the moving average for the period of 200-days by +18.79% in comparison to the 20-day moving average, which settled at $5.68. In addition, Mannkind Corp saw 39.84% 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 Thomson David, who sale 3,115 shares at the price of $5.93 back on Jul 16 ’24. After this action, Thomson David now owns 857,885 shares of Mannkind Corp, valued at $18,472 using the latest closing price.
Binder Steven B., the EVP Special Projects of Mannkind Corp, sale 2,836 shares at $5.93 during a trade that took place back on Jul 16 ’24, which means that Binder Steven B. is holding 1,100,860 shares at $16,817 based on the most recent closing price.
Stock Fundamentals for MNKD
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.71 for the gross margin
The net margin for Mannkind Corp stands at 0.04. The total capital return value is set at 0.09.
Based on Mannkind Corp (MNKD), the company’s capital structure generated 5.95 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at -1.2. The interest coverage ratio of the stock is 1.12.
Currently, EBITDA for the company is 16.39 million with net debt to EBITDA at 4.64. When we switch over and look at the enterprise to sales, we see a ratio of 7.07. The receivables turnover for the company is 10.95for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.84.
Conclusion
In conclusion, Mannkind Corp (MNKD) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
