At the time of writing, Mannkind Corp [MNKD] stock is trading at $4.55, up 2.48%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MNKD shares have gain 4.84% over the last week, with a monthly amount drifted -11.65%, and not seem to be holding up well over a long-time horizon.
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On 3, April 2024, MannKind Repays Certain Debt Obligations. In a post published today on Yahoo Finance, Credit and security agreement with MidCap Financial Trust repaid in full for approximately $31.6 million.
From an analyst’s perspective:
Mannkind Corp [NASDAQ: MNKD] stock has seen the most recent analyst activity on October 10, 2023, when Wedbush initiated its Outperform rating and assigned the stock a price target of $10. Previously, RBC Capital Mkts started tracking the stock with Sector Perform rating on May 14, 2021, and set its price target to $5. On December 24, 2019, Oppenheimer initiated with a Outperform rating and assigned a price target of $2.50 on the stock. Cantor Fitzgerald started tracking the stock assigning a Overweight rating and suggested a price target of $3 on October 25, 2019. BTIG Research initiated its recommendation with a Buy and recommended $3 as its price target on May 14, 2019. SVB Leerink started tracking with a Outperform rating for this stock on March 04, 2019, and assigned it a price target of $3. In a note dated February 22, 2019, SVB Leerink initiated an Outperform rating and provided a target price of $3 on this stock.
For the past year, the stock price of Mannkind Corp fluctuated between $3.17 and $5.75. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. Mannkind Corp [NASDAQ: MNKD] shares were valued at $4.55 at the most recent close of the market. An investor can expect a potential return of 119.78% based on the average MNKD price forecast.
Analyzing the MNKD fundamentals
According to Mannkind Corp [NASDAQ:MNKD], the company’s sales were 198.96M for trailing twelve months, which represents an 62.16% jump. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is 0.07 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.15.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.44 points at the first support level, and at 4.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.64, and for the 2nd resistance point, it is at 4.73.
Mannkind Corp [MNKD] reported earnings per share of $0 for its fiscal quarter that ended on 12/30/2023. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.01 per share as compared to estimates of -$0.02 per share, a difference of $0.03 representing a surprise of 150.00%.
Ratios To Look Out For
It is important to note that Mannkind Corp [NASDAQ:MNKD] has a current ratio of 3.59. As well, the Quick Ratio is 3.31, while the Cash Ratio is 2.29. Considering the valuation of this stock, the price to sales ratio is 6.18.
Transactions by insiders
Recent insider trading involved Castagna Michael, Chief Executive Officer, that happened on Dec 15 ’23 when 90482.0 shares were sold. Chief Executive Officer, Castagna Michael completed a deal on Dec 14 ’23 to sell 0.11 million shares. Meanwhile, Chief Executive Officer Castagna Michael sold 10000.0 shares on Nov 01 ’23.
