Mannkind Corp [MNKD] stock prices are up 1.34% to $6.80 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MNKD shares have gain 3.34% over the last week, with a monthly amount drifted -4.09%, and not 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.
The stock price of Mannkind Corp [MNKD] has been fluctuating between $3.17 and $7.63 over the past year. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. Mannkind Corp [NASDAQ: MNKD] shares were valued at $6.80 at the most recent close of the market. An investor can expect a potential return of 76.47% based on the average MNKD price forecast.
Analyzing the MNKD fundamentals
The Mannkind Corp [NASDAQ:MNKD] reported sales of 267.20M for trailing twelve months, representing a surge of 36.73%. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is -0.09 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.09.
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 6.66 points at the first support level, and at 6.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.88, and for the 2nd resistance point, it is at 6.95.
Ratios To Look Out For
It’s worth pointing out that Mannkind Corp [NASDAQ:MNKD]’s Current Ratio is 4.54. Further, the Quick Ratio stands at 4.17, while the Cash Ratio is 0.87. Considering the valuation of this stock, the price to sales ratio is 7.02 and price to earnings (TTM) ratio is 96.73.
Transactions by insiders
Recent insider trading involved Binder Steven B., Director, that happened on Nov 22 ’24 when 67536.0 shares were sold. Director, STEVEN B BINDER completed a deal on Nov 22 ’24 to buy 67536.0 shares. Meanwhile, Director Binder Steven B. sold 67539.0 shares on Nov 15 ’24.
