MannKind Corporation (MNKD): Find Out What Insiders Are Doing

MannKind Corporation (NASDAQ:MNKD) finished Wednesday with an addition of $0.16 to close at $5.37, an upside of 3.07 percent. An average of 2,855,360 shares of common stock have been traded in the last five days. There was a gain of $0.27 in the past week. The last 20 days have seen an average of 2,688,255 shares traded, while the 50-day average volume stands at 2,676,230.

MNKD stock has increased by 12.82% in the last month. The company shares reached their 1-month lowest point of $4.21 on 10/01/21. With the stock rallying to its 52-week high on 02/24/21, shares of the company touched a low of $1.87 and a high of $6.25 in 52 weeks. In spite of this, the price is down -14.08% from the 52-week high.

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Insider Transactions

48 days have passed since MannKind Corporation (MNKD) last reported insider trading activity. Thomson David, who is EVP Genl Counsel & Secretary, most recently acquired $4,100 shares at $4.64 per share on Aug 27.

Valuation Metrics

MannKind Corporation (MNKD) has a trailing price-to-earnings (P/E) ratio of 34.65 for the broader industry and 32.30 for the sector. In the last five years, MannKind Corporation’s PE ratio has ranged between 2.845 and 0.5147. The stock’s beta is 1.86. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 18.45.

The quick ratio of MannKind Corporation for the three months ended June 29 was 2.90, and the current ratio was 3.00, indicating that the company is able to meet its debt obligations. On the profitability front, the trailing 12-month gross margin is 61.10% against a 5-year average of 33.8%. MannKind Corporation’s EBITDA margin for the year ending June 29 is -33.48%, while its operating margin for the same period stands at -96.30%. Its gross profit as reported stood at $40.5 million compared to revenue of $65.14 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, MannKind Corporation’s return on assets was -44.40%, compared to -42.7% over the last five years.

Earnings Surprise

For the three-month period that ended June 29, MannKind Corporation had $99.97 million in cash. The analyst consensus anticipated MannKind Corporation’s latest quarter earnings to come in at -$0.04 per share, but it turned out to be -$0.14, a -250.00% surprise. For the quarter, EBITDA amounted to -$8.9 million. Shareholders own equity worth $249.66 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at MannKind Corporation (MNKD) price momentum. RSI 9-day as of the close on 13 October was 71.82%, suggesting the stock is Overbought, with historical volatility in this time frame at 62.94%.

As of today, MNKD’s price is $5.24 +5.29% or $0.27 from its 5-day moving average. MNKD is currently trading +14.99% higher than its 20-day SMA and +26.65% higher than its 100-day SMA. However, the stock’s current price level is +34.59% above the SMA50 and +48.75% above the SMA200.

The stochastic %K and %D were 86.45% and 82.29%, respectively, and the average true range (ATR) was 0.24. With the 14-day stochastic at 94.31% and the average true range at 0.24, the RSI (14) stands at 67.62%. The stock has reached 0.27 on the 9-day MACD Oscillator while the 14-day reading was at 0.42.

Analyst Ratings

RBC Capital Mkts launched coverage on MannKind Corporation (NASDAQ: MNKD) in its analyst report released on May 14, 2021. The firm assigned the stock a a Sector perform rating.The consensus rating for MannKind Corporation (MNKD) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MNKD, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

What is MNKD’s price target for the next 12 months?

Analysts predict a range of price targets between $5.00 and $6.50, with a median target of $6.00. Taking a look at these predictions, the average price target given by analysts for MannKind Corporation (MNKD) stock is $5.80.


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