Mannkind Corp (NASDAQ: MNKD) is 94.51% higher on its value in year-to-date trading and has touched a low of $3.17 and a high of $7.63 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 $7.22 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $7.08, the stock is 2.29% and 7.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.92 million and changing -1.94% at the moment leaves the stock 36.74% off its SMA200. MNKD registered 106.41% gain for a year compared to 6-month gain of 57.33%. The firm has a 50-day simple moving average (SMA 50) of $6.5816 and a 200-day simple moving average (SMA200) of $5.1777.
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The stock witnessed a 8.26% loss in the last 1 month and extending the period to 3 months gives it a 36.42%, and is -2.48% 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 5.55% over the week and 3.94% over the month.
Mannkind Corp (MNKD) has around 414 employees, a market worth around $1.95B and $267.20M in sales. Current P/E ratio is 100.71 and Fwd P/E is 34.04. Profit margin for the company is 8.07%. Distance from 52-week low is 123.34% and -7.21% from its 52-week high. The company has generated returns on investments over the last 12 months (17.34%).
with sales reaching $75.77M over the same period.The EPS is expected to grow by 355.00% this year, but quarterly earnings will post 44.00% year-over-year. Quarterly sales are estimated to grow 29.60% in year-over-year returns.
Mannkind Corp (MNKD) Top Institutional Holders
296.0 institutions hold shares in Mannkind Corp (MNKD), with institutional investors hold 52.65% of the company’s shares. The shares outstanding are 270.03M, and float is at 267.18M with Short Float at 16.04%. Institutions hold 51.69% 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 55,000 shares of the company’s common stock on Nov 06 ’24 at a price of $7.34 per share for a total of $0.4 million. Following the sale, the insider now owns 0.97 million shares.
Still, SEC filings show that on Sep 03 ’24, Tross Stuart A (Chief People & Workpl Officer) disposed off 25,000 shares at an average price of $6.26 for $0.16 million. The insider now directly holds 1,022,191 shares of Mannkind Corp (MNKD).
