Mallinckrodt plc (NYSE:MNK) has a beta value of 3.22 and has seen 2,458,367 shares traded in the recent trading session. The company, currently valued at $126.46 Million, closed the recent trade at $1.49 per share which meant it gained $0.05 on the day or 3.47% during that session. The MNK stock price is -330.87% off its 52-week high price of $6.42 and 32.89% above the 52-week low of $1. If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.14 Million shares traded. The 3-month trading volume is 5.49 Million shares.
The consensus among analysts is that Mallinckrodt plc (MNK) is an Underweight stock at the moment, with a recommendation rating of 3.5. 3 analysts rate the stock as a Sell, while none rate it as Overweight. 7 out of 11 have rated it as a Hold, with no one of them advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $1.37.
Mallinckrodt plc (NYSE:MNK) trade information
Sporting 3.47% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Aug 04 when the MNK stock price touched $1.81 or saw a rise of 17.13%. Year-to-date, Mallinckrodt plc shares have moved -57.02%, while the 5-day performance has seen it change -33.63%. Over the past 30 days, the shares of Mallinckrodt plc (NYSE:MNK) have changed -40.71%. Short interest in the company has seen 41.75 Million shares shorted with days to cover at 7.6.
Wall Street analysts have a consensus price target for the stock at $1.78, which means that the shares’ value could jump 19.46% from current levels. The projected low price target is $1 while the price target rests at a high of $3. In that case, then, we find that the current price level is +101.34% off the targeted high while a plunge would see the stock lose -32.89% from current levels.
Mallinckrodt plc (MNK) estimates and forecasts
Figures show that Mallinckrodt plc shares have underperformed across the wider relevant industry. The company’s shares have lost -72.73% over the past 6 months, with this year growth rate of -33.45%, compared to -8.3% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -33.8% and -38.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be -16.6%.
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 -51.6% over the past 5 years. Earnings growth for 2020 is a modest +72.2% while over the next 5 years, the company’s earnings are expected to increase by -11.7%.
Mallinckrodt plc (NYSE:MNK)’s Major holders
Insiders own 1.71% of the company shares, while shares held by institutions stand at 96.43% with a share float percentage of 98.1%. Investors are also buoyed by the number of investors in a company, with Mallinckrodt plc having a total of 296 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 7.83 Million shares worth more than $15.51 Million. As of March 30, 2020, Vanguard Group, Inc. (The) held 9.26% of shares outstanding.
The other major institutional holder is Dimensional Fund Advisors LP, with the holding of over 6.39 Million shares as of March 30, 2020. The firm’s total holdings are worth over $12.65 Million and represent 7.55% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and DFA U.S. Small Cap Value Series. As of March 30, 2020, the former fund manager holds about 2.91% shares in the company for having 2462895 shares of worth $4.88 Million while later fund manager owns 1.93 Million shares of worth $7.84 Million as of April 29, 2020, which makes it owner of about 2.28% of company’s outstanding stock.