A share price of Mannkind Corp [MNKD] is currently trading at $7.02, up 2.48%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MNKD shares have gain 11.96% over the last week, with a monthly amount glided 1.74%, 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 December 20, 2024, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $9. Previously, RBC Capital Mkts upgraded its rating to Outperform on December 19, 2024, and elevated its price target to $10. Rodman & Renshaw started tracking the stock assigning a Buy rating and suggested a price target of $8 on June 13, 2024. Wedbush initiated its recommendation with a Outperform and recommended $10 as its price target on October 10, 2023. RBC Capital Mkts started tracking with a Sector Perform rating for this stock on May 14, 2021, and assigned it a price target of $5. In a note dated December 24, 2019, Oppenheimer initiated an Outperform rating and provided a target price of $2.50 on this stock.
Mannkind Corp experienced fluctuations in its stock price throughout the past year between $3.17 and $7.63. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. Mannkind Corp [NASDAQ: MNKD] shares were valued at $7.02 at the most recent close of the market. An investor can expect a potential return of 70.94% based on the average MNKD price forecast.
Analyzing the MNKD fundamentals
Trailing Twelve Months sales for Mannkind Corp [NASDAQ:MNKD] were 267.20M which represents 36.73% growth. 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 6.82 points at the first support level, and at 6.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.13, and for the 2nd resistance point, it is at 7.24.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Mannkind Corp [NASDAQ:MNKD] is 4.54. As well, the Quick Ratio is 4.17, while the Cash Ratio is 0.87. Considering the valuation of this stock, the price to sales ratio is 7.88 and price to earnings (TTM) ratio is 99.86.
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.
