Mannkind Corp [MNKD] stock is trading at $6.26, down -1.11%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MNKD shares have gain 16.57% over the last week, with a monthly amount glided 12.79%, 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.
Mannkind Corp [MNKD] stock has fluctuated between $3.17 and $6.44 over the past year. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Mannkind Corp [NASDAQ: MNKD] shares were valued at $6.26 at the most recent close of the market. An investor can expect a potential return of 75.72% based on the average MNKD price forecast.
Analyzing the MNKD fundamentals
Mannkind Corp [NASDAQ:MNKD] reported sales of 248.37M for the trailing twelve months, which represents a growth of 48.91%. 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 6.19 points at the first support level, and at 6.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.39, and for the 2nd resistance point, it is at 6.51.
Ratios To Look Out For
For context, Mannkind Corp’s Current Ratio is 4.07. In addition, the Quick Ratio stands at 3.76 and the Cash Ratio stands at 1.21. Considering the valuation of this stock, the price to sales ratio is 6.93 and price to earnings (TTM) ratio is 173.41.
Transactions by insiders
Recent insider trading involved Tross Stuart A, Chief People & Workpl Officer, that happened on Aug 30 ’24 when 80000.0 shares were sold. Officer, STUART A TROSS completed a deal on Aug 30 ’24 to buy 80000.0 shares. Meanwhile, Chief Executive Officer Castagna Michael sold 85106.0 shares on Aug 29 ’24.
