MannKind Corporation (NASDAQ:MNKD) has a beta value of 1.92 and has seen 1.99 million shares traded in the last trading session. The company, currently valued at $1.20B, closed the last trade at $4.72 per share which meant it lost -$0.09 on the day or -1.87% during that session. The MNKD stock price is -32.42% off its 52-week high price of $6.25 and 66.95% above the 52-week low of $1.56. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.25 million shares traded. The 3-month trading volume is 3.06 million shares.
MannKind Corporation (NASDAQ:MNKD) trade information
Sporting -1.87% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the MNKD stock price touched $4.72 or saw a rise of 5.03%. Year-to-date, MannKind Corporation shares have moved 50.80%, while the 5-day performance has seen it change -3.87%. Over the past 30 days, the shares of MannKind Corporation (NASDAQ:MNKD) have changed 12.38%. Short interest in the company has seen 31.38 million shares shorted with days to cover at 8.09.
Wall Street analysts have a consensus price target for the stock at $5.80, which means that the shares’ value could jump 18.62% from current levels. The projected low price target is $5.00 while the price target rests at a high of $6.50. In that case, then, we find that the current price level is -37.71% off the targeted high while a plunge would see the stock gain -5.93% from current levels.
MannKind Corporation (MNKD) estimates and forecasts
Figures show that MannKind Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained 30.03% over the past 6 months, with this year growth rate of -60.00%, compared to 7.50% for the industry. Revenue growth from the last financial year stood is estimated to be 23.90%.
5 analysts offering their estimates for the company have set an average revenue estimate of $17.49 million for the current quarter. 5 have an estimated revenue figure of $20.62 million for the next quarter concluding in Sep 2021.
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 43.70% over the past 5 years. Earnings growth for 2021 is a modest 3.10% while over the next 5 years, the company’s earnings are expected to increase by 35.60%.
MannKind Corporation is expected to release its next earnings report between August 03 and August 09 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
MannKind Corporation (NASDAQ:MNKD)’s Major holders
Insiders own 5.64% of the company shares, while shares held by institutions stand at 46.46% with a share float percentage of 49.24%. Investors are also buoyed by the number of investors in a company, with MannKind Corporation having a total of 214 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 18.76 million shares worth more than $73.54 million. As of Mar 30, 2021, Blackrock Inc. held 7.53% of shares outstanding.
The other major institutional holder is State Street Corporation, with the holding of over 16.21 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $63.54 million and represent 6.51% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Vanguard Total Stock Market Index Fund. As of Jun 29, 2021, the former fund manager holds about 4.49% shares in the company for having 11.18 million shares of worth $60.95 million while later fund manager owns 6.47 million shares of worth $25.36 million as of Mar 30, 2021, which makes it owner of about 2.60% of company’s outstanding stock.