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Mannkind Corp (MNKD) – Don’t Believe the Hype: Check The Facts

Mannkind Corp (NASDAQ: MNKD) is 20.88% higher on its value in year-to-date trading and has touched a low of $3.17 and a high of $5.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MNKD stock was last observed hovering at around $4.47 in the last trading session, with the day’s loss setting it -0.07%.

Currently trading at $4.40, the stock is 4.22% and -0.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.96 million and changing -1.57% at the moment leaves the stock 7.32% off its SMA200. MNKD registered 13.40% gain for a year compared to 6-month gain of 19.57%.

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The stock witnessed a -0.90% loss in the last 1 month and extending the period to 3 months gives it a 28.28%, and is 1.38% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.36% over the week and 4.01% over the month.

Mannkind Corp (MNKD) has around 414 employees, a market worth around $1.19B and $198.96M in sales. Fwd P/E is 17.90. Profit margin for the company is -6.00%. Distance from 52-week low is 38.80% and -23.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.45%).

The EPS is expected to grow by 427.50% this year

The shares outstanding are 270.03M, and float is at 264.71M with Short Float at 11.73%.

Mannkind Corp (MNKD) Insider Activity

The most recent transaction is an insider sale by Castagna Michael, the company’s Chief Executive Officer. SEC filings show that Castagna Michael sold 90,482 shares of the company’s common stock on Dec 15 ’23 at a price of $4.00 per share for a total of $0.36 million. Following the sale, the insider now owns 2.15 million shares.

Mannkind Corp disclosed in a document filed with the SEC on Dec 14 ’23 that Castagna Michael (Chief Executive Officer) sold a total of 110,000 shares of the company’s common stock. The trade occurred on Dec 14 ’23 and was made at $4.00 per share for $0.44 million. Following the transaction, the insider now directly holds 2.24 million shares of the MNKD stock.

Still, SEC filings show that on Nov 01 ’23, Castagna Michael (Chief Executive Officer) disposed off 10,000 shares at an average price of $4.25 for $42500.0. The insider now directly holds 2,349,147 shares of Mannkind Corp (MNKD).

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