Mannkind Corp (NASDAQ: MNKD) is 78.30% higher on its value in year-to-date trading and has touched a low of $3.17 and a high of $6.92 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 $6.64 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $6.49, the stock is 0.56% and 5.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing -2.26% at the moment leaves the stock 31.80% off its SMA200. MNKD registered 58.68% gain for a year compared to 6-month gain of 54.89%. The firm has a 50-day simple moving average (SMA 50) of $6.1572 and a 200-day simple moving average (SMA200) of $4.92395.
The stock witnessed a 0.00% loss in the last 1 month and extending the period to 3 months gives it a 11.90%, and is -3.57% down 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 2.52% over the week and 2.94% over the month.
Mannkind Corp (MNKD) has around 414 employees, a market worth around $1.78B and $248.37M in sales. Current P/E ratio is 179.78 and Fwd P/E is 37.09. Profit margin for the company is 4.73%. Distance from 52-week low is 104.73% and -6.21% from its 52-week high. The company has generated returns on investments over the last 12 months (11.82%).
Mannkind Corp quarterly earnings per share for the current quarter are estimated at 0.03 with sales reaching $74.5M over the same period.The EPS is expected to grow by 325.00% this year, but quarterly earnings will post 46.00% year-over-year.
284.0 institutions hold shares in Mannkind Corp (MNKD), with institutional investors hold 51.98% of the company’s shares. The shares outstanding are 270.03M, and float is at 266.41M with Short Float at 15.94%. Institutions hold 51.01% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 22.56 million shares valued at $117.75 million. The investor’s holdings represent 8.344 of the MNKD Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 15.43 million shares valued at $80.55 million to account for 5.7076 of the shares outstanding. The other top investors are NITORUM CAPITAL, L.P. which holds 10.08 million shares representing 3.7283 and valued at over $52.62 million, while STATE STREET CORP holds 3.5349 of the shares totaling 9.56 million with a market value of $49.89 million.
Mannkind Corp (MNKD) Insider Activity
The most recent transaction is an insider sale by Tross Stuart A, the company’s Chief People & Workpl Officer. SEC filings show that Tross Stuart A sold 25,000 shares of the company’s common stock on Sep 03 ’24 at a price of $6.26 per share for a total of $0.16 million. Following the sale, the insider now owns 1.02 million shares.
Still, SEC filings show that on Aug 30 ’24, Tross Stuart A (Chief People & Workpl Officer) disposed off 80,000 shares at an average price of $6.33 for $0.51 million. The insider now directly holds 1,047,191 shares of Mannkind Corp (MNKD).
