Mannkind Corp (NASDAQ:MNKD) has a beta value of 1.27 and has seen 3.99 million shares traded in the last trading session. The company, currently valued at $1.25B, closed the last trade at $4.62 per share which meant it gained $0.15 on the day or 3.36% during that session. The MNKD stock price is -24.46% off its 52-week high price of $5.75 and 31.39% above the 52-week low of $3.17. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.05 million shares traded. The 3-month trading volume is 3.23 million shares.
Mannkind Corp (NASDAQ:MNKD) trade information
Sporting 3.36% in the green in last session, the stock has traded in the green over the last five days, when the MNKD stock price touched $4.62 or saw a rise of 2.53%. Year-to-date, Mannkind Corp shares have moved 26.92%, while the 5-day performance has seen it change 0.22%. Over the past 30 days, the shares of Mannkind Corp (NASDAQ:MNKD) have changed 24.53%. Short interest in the company has seen 35.75 million shares shorted with days to cover at 15.7.
Mannkind Corp (MNKD) estimates and forecasts
Figures show that Mannkind Corp shares have outperformed across the wider relevant industry. The company’s shares have gained 6.21% over the past 6 months, with this year growth rate of 133.33%, compared to 13.60% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 175.00% and 250.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 27.80%.
5 analysts offering their estimates for the company have set an average revenue estimate of $60.34 million for the current quarter. 5 have an estimated revenue figure of $63.45 million for the next quarter concluding in Jun 2024.
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 40.58% over the past 5 years. Earnings growth for 2024 is a modest 385.42% while over the next 5 years, the company’s earnings are expected to increase by 35.60%.
MNKD Dividends
Mannkind Corp is expected to release its next earnings report between May 07 and May 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Mannkind Corp (NASDAQ:MNKD)’s Major holders
Insiders own 2.66% of the company shares, while shares held by institutions stand at 50.28% with a share float percentage of 51.65%. Investors are also buoyed by the number of investors in a company, with Mannkind Corp having a total of 267 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 20.57 million shares worth more than $83.72 million. As of Jun 29, 2023, Blackrock Inc. held 7.67% of shares outstanding.
The other major institutional holder is State Street Corporation, with the holding of over 15.31 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $62.32 million and represent 5.71% 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 Aug 30, 2023, the former fund manager holds about 3.72% shares in the company for having 9.98 million shares of worth $46.01 million while later fund manager owns 7.76 million shares of worth $31.57 million as of Jun 29, 2023, which makes it owner of about 2.89% of company’s outstanding stock.
