Mannkind Corp [MNKD] stock prices are up 2.61% to $5.89 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MNKD shares have lost -1.83% over the last week, with a monthly amount glided 15.26%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Mannkind Corp [NASDAQ: MNKD] stock has seen the most recent analyst activity on June 13, 2024, when Rodman & Renshaw initiated its Buy rating and assigned the stock a price target of $8. Previously, Wedbush started tracking the stock with Outperform rating on October 10, 2023, and set its price target to $10. On May 14, 2021, RBC Capital Mkts initiated with a Sector Perform rating and assigned a price target of $5 on the stock. Oppenheimer started tracking the stock assigning a Outperform rating and suggested a price target of $2.50 on December 24, 2019. Cantor Fitzgerald initiated its recommendation with a Overweight and recommended $3 as its price target on October 25, 2019. BTIG Research started tracking with a Buy rating for this stock on May 14, 2019, and assigned it a price target of $3. In a note dated March 04, 2019, SVB Leerink initiated an Outperform rating and provided a target price of $3 on this stock.
The stock price of Mannkind Corp [MNKD] has been fluctuating between $3.17 and $6.04 over the past year. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. Mannkind Corp [NASDAQ: MNKD] shares were valued at $5.89 at the most recent close of the market. An investor can expect a potential return of 69.78% based on the average MNKD price forecast.
Analyzing the MNKD fundamentals
The Mannkind Corp [NASDAQ:MNKD] reported sales of 224.60M for trailing twelve months, representing a surge of 63.10%. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is -0.03 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.2.
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 5.68 points at the first support level, and at 5.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.05, and for the 2nd resistance point, it is at 6.22.
Ratios To Look Out For
It’s worth pointing out that Mannkind Corp [NASDAQ:MNKD]’s Current Ratio is 3.84. As well, the Quick Ratio is 3.57, while the Cash Ratio is 1.93. Considering the valuation of this stock, the price to sales ratio is 7.14 and price to earnings (TTM) ratio is 249.58.
Transactions by insiders
Recent insider trading involved Thomson David, EVP Genl Counsel & Secretary, that happened on Jul 16 ’24 when 3115.0 shares were sold. EVP Special Projects, Binder Steven B. completed a deal on Jul 16 ’24 to sell 2836.0 shares. Meanwhile, EVP Special Projects Binder Steven B. sold 25952.0 shares on May 21 ’24.
