MannKind Corporation (NASDAQ:MNKD) has a beta value of 2.23 and has seen 2,363,793 shares traded in the recent trading session. The company, currently valued at $394.31 Million, closed the recent trade at $1.85 per share which meant it gained $0.1 on the day or 6.94% during that session. The MNKD stock price is -34.05% off its 52-week high price of $2.48 and 56.76% above the 52-week low of $0.8. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.75 Million shares traded. The 3-month trading volume is 3.23 Million shares.
The consensus among analysts is that MannKind Corporation (MNKD) is a Buy stock at the moment, with a recommendation rating of 1.4. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 5 have rated it as a Hold, with 5 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.05.
MannKind Corporation (NASDAQ:MNKD) trade information
Sporting 7.8% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the MNKD stock price touched $2.48 or saw a rise of 26.61%. Year-to-date, MannKind Corporation shares have moved 41.09%, while the 5-day performance has seen it change -17.65%. Over the past 30 days, the shares of MannKind Corporation (NASDAQ:MNKD) have changed 20.53%. Short interest in the company has seen 29.23 Million shares shorted with days to cover at 9.05.
Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 62.16% from current levels. The projected low price target is $2.5 while the price target rests at a high of $4. In that case, then, we find that the current price level is +116.22% off the targeted high while a plunge would see the stock lose 35.14% from current levels.
MannKind Corporation (MNKD) estimates and forecasts
5 analysts offering their estimates for the company have set an average revenue estimate of $14.76 Million for the current quarter. 5 have an estimated revenue figure of $15.89 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $15Million for this quarter, and analysts expect sales will grow by -1.6% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +36.5% over the past 5 years. Earnings growth for 2020 is a modest +56% while over the next 5 years, the company’s earnings are expected to increase by 30.2%.