In today’s recent session, 2,305,117 shares of the MannKind Corporation(NASDAQ:MNKD) have been traded, and its beta is 2.28. Most recently the company’s share price was $5.51, and it changed around -$0.11 or -0.02% from the last close, which brings the market valuation of the company to $1.32 Billion. MNKD at last check was trading at a discount to its 52-week high of $6.19, offering almost -12.34% off that amount. The share price’s 52-week low was $0.8, which indicates that the recent value has risen by an impressive 85.48% since then. We note from MannKind Corporation’s average daily trading volume that its 10-day average is 4.94 Million shares, with the 3-month average coming to 5.07 Million.
MannKind Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 1.4. If we narrow it down even further, the data shows that none out of 5 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended MNKD as a Hold, whereas 5 deemed it a Buy, and no one rated it as Underweight. MannKind Corporation is expected to report earnings per share of -$0.04 for the current quarter.
MannKind Corporation (NASDAQ:MNKD): Trading Information Today
Although MNKD has been showing red trend so far today with a performance of -2.05% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $6.19- on Friday, Feb 19 increased the stock’s daily price by 12.32%. The company’s shares are currently up 0.73% year-to-date, but still down -0.0096 over the last five days. On the other hand, MannKind Corporation (NASDAQ:MNKD) is 0.53% up in the 30-day period. We can see from the shorts that 16.11 Million shares have been sold at a short interest cover period of 3.18 day(s).
The consensus price target as assigned by Wall Street analysts is $4.1, which translates to bears needing to reduce their stock price by -25.59% from its current value. Analyst projections state that MNKD is forecast to be at a low of $2.5 and a high of $7. In order for the stock price to hit the forecast high, the stock would need to surge +27.04% from its current level, while the stock would need to crash -54.63% from its current level to reach the projected low.
MannKind Corporation (MNKD) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 36.5%. MannKind Corporation earnings are expected to increase by 56% in 2021, but the outlook is positive 35.6% per year for the next five years.
MannKind Corporation (NASDAQ:MNKD)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 4.86% of MannKind Corporation shares, and 29.95% of them are in the hands of institutional investors. The stock currently has a share float of 31.48%. MannKind Corporation stock is held by 176 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 7.73% of the shares, which is about 17.98 Million shares worth $56.26 Million.
Vanguard Group, Inc. (The), with 5.28% or 12.29 Million shares worth $38.47 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 29, 2020. The former held 5999761 shares worth $11.28 Million, making up 2.58% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 5.3 Million shares worth around $16.59 Million, which represents about 2.28% of the total shares outstanding.