Mannkind Corp (NASDAQ: MNKD) is 64.84% higher on its value in year-to-date trading and has touched a low of $3.17 and a high of $5.93 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 $5.83 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $6.00, the stock is 14.99% and 23.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.37 million and changing 2.92% at the moment leaves the stock 44.21% off its SMA200. MNKD registered 42.18% gain for a year compared to 6-month gain of 75.44%.
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The stock witnessed a 19.05% loss in the last 1 month and extending the period to 3 months gives it a 45.63%, and is 12.15% 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 3.42% over the week and 4.26% over the month.
Mannkind Corp (MNKD) has around 414 employees, a market worth around $1.63B and $224.60M in sales. Current P/E ratio is 254.24 and Fwd P/E is 24.19. Profit margin for the company is 3.78%. Distance from 52-week low is 89.27% and 1.27% from its 52-week high. The company has generated returns on investments over the last 12 months (7.58%).
The EPS is expected to grow by 375.00% this year.
Mannkind Corp (MNKD) Top Institutional Holders
The shares outstanding are 270.03M, and float is at 263.32M with Short Float at 13.02%.
Mannkind Corp (MNKD) Insider Activity
The most recent transaction is an insider sale by Binder Steven B.,the company’sEVP Special Projects. SEC filings show that Binder Steven B. sold 25,952 shares of the company’s common stock on May 21 ’24 at a price of $4.66 per share for a total of $0.12 million. Following the sale, the insider now owns 1.11 million shares.
Mannkind Corp disclosed in a document filed with the SEC on May 21 ’24 that Thomson David (EVP Genl Counsel & Secretary) sold a total of 23,537 shares of the company’s common stock. The trade occurred on May 21 ’24 and was made at $4.66 per share for $0.11 million. Following the transaction, the insider now directly holds 0.87 million shares of the MNKD stock.
Still, SEC filings show that on May 13 ’24, Binder Steven B. (EVP Special Projects) disposed off 3,618 shares at an average price of $4.31 for $15594.0. The insider now directly holds 845,967 shares of Mannkind Corp (MNKD).
