At the time of writing, Mannkind Corp [MNKD] stock is trading at $6.46, up 1.89%. 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 3.19% over the last week, with a monthly amount glided 5.90%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Rodman & Renshaw started tracking the stock with Buy rating on June 13, 2024, and set its price target to $8. On October 10, 2023, Wedbush initiated with a Outperform rating and assigned a price target of $10 on the stock. RBC Capital Mkts started tracking the stock assigning a Sector Perform rating and suggested a price target of $5 on May 14, 2021. Oppenheimer initiated its recommendation with a Outperform and recommended $2.50 as its price target on December 24, 2019. Cantor Fitzgerald started tracking with a Overweight rating for this stock on October 25, 2019, and assigned it a price target of $3. In a note dated May 14, 2019, BTIG Research initiated an Buy 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 $6.92. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Mannkind Corp [NASDAQ: MNKD] shares were valued at $6.46 at the most recent close of the market. An investor can expect a potential return of 70.28% based on the average MNKD price forecast.
Analyzing the MNKD fundamentals
According to Mannkind Corp [NASDAQ:MNKD], the company’s sales were 248.37M for trailing twelve months, which represents an 48.91% jump. 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 6.33 points at the first support level, and at 6.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.58, and for the 2nd resistance point, it is at 6.69.
Ratios To Look Out For
It is important to note that Mannkind Corp [NASDAQ:MNKD] has a current ratio of 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 7.15 and price to earnings (TTM) ratio is 178.95.
Transactions by insiders
Recent insider trading involved Tross Stuart A, Chief People & Workpl Officer, that happened on Sep 03 ’24 when 25000.0 shares were sold. Officer, STUART A TROSS completed a deal on Sep 03 ’24 to buy 25000.0 shares. Meanwhile, Chief People & Workpl Officer Tross Stuart A sold 80000.0 shares on Aug 30 ’24.
