MannKind Corporation (NASDAQ:MNKD) stock went on an upward path that rose over 2.10% on Tuesday, amounting to a one-week price decrease of more than -2.67%. Over the last 12 months, MNKD stock rose by 9.77%. The one-year MNKD stock forecast points to a potential downside of -0.92, with the average price target set at $2.80 per share. The average equity rating for MNKD stock is currently 1.40, trading closer to a bullish pattern in the stock market.
The market cap for MNKD stock reached $317.97 million, with 217.79 million shares outstanding and 195.63 million shares in the current float. Compared to the average trading volume of 2.78M shares, MNKD reached a trading volume of 1852352 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about MannKind Corporation (MNKD)?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MNKD shares is $2.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MNKD stock is a recommendation set at 1.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Oppenheimer have made an estimate for MannKind Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 24, 2019. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on October 25, 2019, representing the official price target for MannKind Corporation stock. Previously, the target price had yet another raise to $3, while BTIG Research analysts kept a Buy rating on MNKD stock.
The Average True Range (ATR) for MannKind Corporation is set at 0.11, with the Price to Sales ratio for MNKD stock in the period of the last 12 months amounting to 5.04. Price to Cash per share for the same quarter was set at 0.23. Quick ratio for the last quarter at 0.90.
How has MNKD stock performed recently?
MannKind Corporation (MNKD) fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.67. With this latest performance, MNKD shares dropped by -3.31% in over the last four-week period, additionally plugging by 29.20% over the last 6 months – not to mention a rise of 9.77% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MNKD stock in for the last two-week period is set at 46.48, with the RSI for the last a single of trading hit 42.80, and the three-weeks RSI is set at 49.61 for MannKind Corporation (MNKD). The present Moving Average for the last 50 days of trading for this stock 1.42, while it was recorded at 1.48 for the last single week of trading, and 1.27 for the last 200 days.
MannKind Corporation (MNKD): Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and MannKind Corporation (MNKD) shares currently have an operating margin of -291.01 and a Gross Margin at +26.49. MannKind Corporation’s Net Margin is presently recorded at -312.20.
Reflecting on the efficiency of the workforce at the company, MannKind Corporation (MNKD) managed to generate an average of -$386,556 per employee. Receivables Turnover for the company is 8.19 with a Total Asset Turnover recorded at a value of 0.29. MannKind Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.00.
Earnings analysis for MannKind Corporation (MNKD)
With the latest financial reports released by the company, MannKind Corporation posted -0.06/share EPS, while the average EPS was predicted by analysts to be reported at 0.22/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -127.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MNKD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for MannKind Corporation go to 35.20%.
Insider trade positions for MannKind Corporation (MNKD)
There are presently around $79 million, or 26.40% of MNKD stock, in the hands of institutional investors. The top three institutional holders of MNKD stocks are: BLACKROCK INC. with ownership of 14,652,452, which is approximately 2.669% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 9,157,607 shares of the stock with an approximate value of $13.1 million in MNKD stocks shares; and STATE STREET CORP, currently with $4.89 million in MNKD stock with ownership of nearly 2.719% of the company’s market capitalization.
Positions in MannKind Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 51 institutional holders increased their position in MannKind Corporation (NASDAQ:MNKD) by around 6,788,318 shares. Additionally, 34 investors decreased positions by around 4,268,147 shares, while 53 investors held positions by with 44,012,559 shares. The mentioned changes placed institutional holdings at 55,069,024 shares, according to the latest SEC report filing. MNKD stock had 16 new institutional investments in for a total of 3,836,469 shares, while 8 institutional investors sold positions of 904,251 shares during the same period.