A share price of Mannkind Corp [MNKD] is currently trading at $5.33, down -1.11%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MNKD shares have gain 2.70% over the last week, with a monthly amount drifted -8.42%, and not 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.
Mannkind Corp experienced fluctuations in its stock price throughout the past year between $3.17 and $6.04. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. Mannkind Corp [NASDAQ: MNKD] shares were valued at $5.33 at the most recent close of the market. An investor can expect a potential return of 87.62% based on the average MNKD price forecast.
Analyzing the MNKD fundamentals
Trailing Twelve Months sales for Mannkind Corp [NASDAQ:MNKD] were 248.37M which represents 48.91% growth. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is -0.05 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -1.07.
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 5.26 points at the first support level, and at 5.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.41, and for the 2nd resistance point, it is at 5.49.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Mannkind Corp [NASDAQ:MNKD] is 4.07. Also, the Quick Ratio is 3.76, while the Cash Ratio stands at 1.21. Considering the valuation of this stock, the price to sales ratio is 5.90 and price to earnings (TTM) ratio is 147.65.
Transactions by insiders
Recent insider trading involved Binder Steven B., EVP Special Projects, that happened on Jul 16 ’24 when 2836.0 shares were sold. EVP Genl Counsel & Secretary, Thomson David completed a deal on Jul 16 ’24 to sell 3115.0 shares. Meanwhile, EVP Genl Counsel & Secretary Thomson David sold 23537.0 shares on May 21 ’24.
