At the last check on Friday, Mallinckrodt plc’s (AMEX:MNK) stock was up $0.01, moving up 0.77 percent to $1.31. The average number of shares traded per day over the past five days has been 7,221,086 shares. 2 times new highs have been achieved over the past 5 days, with a $0.2200 gain in that time frame. In the last twenty days, the average volume was 9,151,956, while in the previous 50 days, it was 3,933,437.
Since last month, MNK stock rose 21.30%. Shares of the company fell to $0.4098 on 07/26/23, the lowest level in the past month. A 52-week high of $18.10 was reached on 02/28/23 after having rallying from a 52-week low of $0.41. Since the beginning of this year, MNK’s stock price has dropped by -83.10% or -$6.4500, and marked a new high 8 times. However, the stock has declined by -92.76% since its 52-week high.
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MNK stock investors should be aware that Mallinckrodt plc (MNK) stock had its last reported insider trading activity 141 days ago on Mar 16. Goodson Jason Daniel, the EVP & Head of Corp Development of the company, purchased of 1,133 shares for $8.38 on Mar 16. It resulted in a $9,493 investment by the insider. SULAT JAMES R added 15,000 shares at an average price of $8.54 on Mar 15. The insider now owns 82,553 shares following the transaction. On Mar 14, Director SULAT JAMES R bought 15,000 shares at $8.42 apiece. The transaction was valued at $126,320.
Valuation Metrics
The stock’s beta is -1.99. Besides these, the trailing price-to-sales (P/S) ratio of 0.01, the price-to-book (PB) ratio of 0.01.
Financial Health
In the recent quarter, Mallinckrodt plc’s quick ratio stood at 1.40, while its current ratio was 2.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 2.23, and the total debt-to-equity ratio was 2.26. On the profitability front, the trailing twelve-month gross margin is 11.70% percent. In the recent year, EBITDA margin amounted to 16.48%, whereas operating margins totaled -58.00%. Based on annual data, MNK earned $341.3 million in gross profit and brought in $1.91 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -10.20%. Return on equity (ROE) for the past 12 months was -59.80%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MNK’s revenue rose 100.0% to $465.4 million during the quarter, while net income inched up to $424.6 million. During the quarter, the company generated $42.5 million in EBITDA. The liabilities of Mallinckrodt plc were 4.41 billion at the end of its most recent quarter, and its total debt was $3.09 billion. The value of shareholders’ equity is $13.17 million.
Technical Picture
This quick technical analysis looks at Mallinckrodt plc’s (MNK) price momentum. With a historical volatility rate of 659.64%, the RSI 9-day stood at 54.28% on 03 August.
With respect to its five-day moving average, the current Mallinckrodt plc price is up by +20.37% percent or $0.2200. At present, MNK shares trade +22.64% above its 20-day simple moving average and -84.17% percent below its 100-day simple moving average. However, the stock is currently trading approximately -62.64% below its SMA50 and -92.12% below its SMA200.
Stochastic coefficient K was 54.59% and Stochastic coefficient D was 58.87%, while ATR was 0.3627. Given the Stochastic reading of 52.05% for the 14-day period, the RSI (14) reading has been calculated as 51.33%. As of today, the MACD Oscillator reading stands at 0.0633, while the 14-day reading stands at 0.3127.
Analyst Ratings
Mallinckrodt plc (MNK) has been rated – by analysts. According to 0 brokerage firms, MNK is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Mallinckrodt plc stock as buy, with 0 recommending it as overweight.
