Mannkind Corp (NASDAQ: MNKD) has a higher price-to-earnings ratio of 97.58x compared to its average ratio. MNKD has 36-month beta value of 1.30. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for MNKD is 267.25M, and currently, short sellers hold a 16.04% ratio of that float. The average trading volume of MNKD on November 20, 2024 was 2.51M shares.
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MNKD) stock’s latest price update
The stock price of Mannkind Corp (NASDAQ: MNKD) has surged by 2.08 when compared to previous closing price of 6.72, but the company has seen a -3.11% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-07 that MannKind Corporation (NASDAQ:MNKD ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Michael Castagna – CEO Chris Prentiss – CFO Conference Call Participants Andreas Argyrides – Oppenheimer Olivia Brayer – Cantor Fitzgerald Faisal Khurshid – Leerink Partners Anish Nikhanj – RBC Capital Markets Brandon Folkes – Rodman & Renshaw Operator Good afternoon, and welcome to the MannKind Corporation Third Quarter 2024 Financial Results Earnings Call. As a reminder, this call is being recorded on November 7th, 2024, and will be available on the MannKind Corporation website shortly after the conclusion of this call and available for approximately 90 days.
MNKD’s Market Performance
MNKD’s stock has fallen by -3.11% in the past week, with a monthly rise of 3.63% and a quarterly rise of 27.27%. The volatility ratio for the week is 5.13% while the volatility levels for the last 30 days are 4.55% for Mannkind Corp The simple moving average for the past 20 days is -1.72% for MNKD’s stock, with a 30.27% simple moving average for the past 200 days.
Analysts’ Opinion of MNKD
Many brokerage firms have already submitted their reports for MNKD stocks, with Leerink Partners repeating the rating for MNKD by listing it as a “Outperform.” The predicted price for MNKD in the upcoming period, according to Leerink Partners is $8 based on the research report published on September 09, 2024 of the current year 2024.
Rodman & Renshaw, on the other hand, stated in their research note that they expect to see MNKD reach a price target of $8. The rating they have provided for MNKD stocks is “Buy” according to the report published on June 13th, 2024.
Wedbush gave a rating of “Outperform” to MNKD, setting the target price at $10 in the report published on October 10th of the previous year.
MNKD Trading at 2.92% 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 -10.09% of loss for the given period.
Volatility was left at 4.55%, however, over the last 30 days, the volatility rate increased by 5.13%, as shares surge +3.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.95% upper at present.
During the last 5 trading sessions, MNKD fell by -3.11%, which changed the moving average for the period of 200-days by +111.08% in comparison to the 20-day moving average, which settled at $6.98. In addition, Mannkind Corp saw 88.46% 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 STEVEN B BINDER, who proposed sale 67,539 shares at the price of $6.76 back on Nov 15 ’24. After this action, STEVEN B BINDER now owns shares of Mannkind Corp, valued at $456,793 using the latest closing price.
Tross Stuart A, the Chief People & Workpl Officer of Mannkind Corp, sale 55,000 shares at $7.34 during a trade that took place back on Nov 06 ’24, which means that Tross Stuart A is holding 967,191 shares at $403,700 based on the most recent closing price.
Stock Fundamentals for MNKD
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.67 for the gross margin
The net margin for Mannkind Corp stands at 0.1. The total capital return value is set at 0.14.
Based on Mannkind Corp (MNKD), the company’s capital structure generated 7.92 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at -1.14. The interest coverage ratio of the stock is 1.53.
Currently, EBITDA for the company is 15.13 million with net debt to EBITDA at 2.98. When we switch over and look at the enterprise to sales, we see a ratio of 9.54. The receivables turnover for the company is 11.93for 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 4.54.
Conclusion
To put it simply, Mannkind Corp (MNKD) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
