MannKind Corporation (NASDAQ:MNKD) finished Thursday with an addition of $0.3 to close at $5.37, an upside of 5.92 percent. An average of 4,672,460 shares of common stock have been traded in the last five days. There was a gain of $0.17 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 5,166,425 shares traded, while the 50-day average volume stands at 4,640,366.
MNKD stock has increased by 21.22% in the last month. The company shares reached their 1-month lowest point of $4.40 on 11/30/22. With the stock rallying to its 52-week high on 12/29/22, shares of the company touched a low of $2.49 and a high of $5.31 in 52 weeks. It has reached a new high 11 times so far this year and achieved 22.88% or $1.00 in price. In spite of this, the price is up 1.16% from the 52-week high.
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MNKD stock investors should be aware that MannKind Corporation (MNKD) stock had its last reported insider trading activity 123 days ago on Aug 29. In this transaction, the insider spent $25,690. EVP Endocrine Business Unit, Galindo Alejandro, disposed of 4,615 shares at a price of $3.85 on Aug 22. The insider now owns more than $17,771 worth of shares.
MannKind Corporation (MNKD) stock’s beta is 1.68. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 19.24.
The quick ratio of MannKind Corporation for the three months ended June 29 was 3.40, and the current ratio was 3.70, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at $36.59 million compared to revenue of $75.44 million.
For the three-month period that ended June 29, MannKind Corporation had $110.74 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$14.43 million in the quarter, while revenues were grew 69.3%. The analyst consensus anticipated MannKind Corporation’s latest quarter earnings to come in at -$0.09 per share, but it turned out to be -$0.11, a -22.20% surprise. For the quarter, EBITDA amounted to -$10.0 million. Shareholders own equity worth $263.2 million.
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 29 December was 67.52%, suggesting the stock is Neutral, with historical volatility in this time frame at 60.79%.
As of today, MNKD’s price is $5.18 +3.27% or $0.17 from its 5-day moving average. MNKD is currently trading +14.74% higher than its 20-day SMA and +23.45% higher than its 100-day SMA. However, the stock’s current price level is +60.30% above the SMA50 and +59.35% above the SMA200.
The stochastic %K and %D were 78.64% and 75.28%, respectively, and the average true range (ATR) was 0.27. With the 14-day stochastic at 90.05% and the average true range at 0.26, the RSI (14) stands at 66.44%. The stock has reached 0.05 on the 9-day MACD Oscillator while the 14-day reading was at 0.16.
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 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 1 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 $8.00, 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 $6.17.