In last trading session, Mannkind Corp (NASDAQ:MNKD) saw 2.51 million shares changing hands with its beta currently measuring 1.28. Company’s recent per share price level of $4.76 trading at -$0.06 or -1.24% at ring of the bell on the day assigns it a market valuation of $1.29B. That closing price of MNKD’s stock is at a discount of -20.8% from its 52-week high price of $5.75 and is indicating a premium of 33.4% from its 52-week low price of $3.17. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.72 million shares which gives us an average trading volume of 3.14 million if we extend that period to 3-months.
Mannkind Corp (NASDAQ:MNKD) trade information
Upright in the red during last session for losing -1.24%, in the last five days MNKD remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $4.76 price level, adding 4.03% to its value on the day. Mannkind Corp’s shares saw a change of 30.77% in year-to-date performance and have moved 5.78% in past 5-day. Mannkind Corp (NASDAQ:MNKD) showed a performance of 32.22% in past 30-days. Number of shares sold short was 35.75 million shares which calculate 15.7 days to cover the short interests.
Mannkind Corp (MNKD) estimates and forecasts
Statistics highlight that Mannkind Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 14.70% of value to its shares in past 6 months, showing an annual growth rate of 433.33% while that of industry is 12.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 175.00% in the current quarter and calculating 250.00% increase in the next quarter. This year revenue growth is estimated to rise 27.80% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $60.34 million for the same. And 5 analysts are in estimates of company making revenue of $63.45 million in the next quarter that will end on Jun 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 40.58% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 385.42% while estimates for its earnings growth in next 5 years are of 35.60%.
MNKD Dividends
Mannkind Corp is more likely to be releasing its next quarterly report between May 07 and May 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Mannkind Corp (NASDAQ:MNKD)’s Major holders
Insiders are in possession of 2.66% of company’s total shares while institution are holding 50.28 percent of that, with stock having share float percentage of 51.65%. Investors also watch the number of corporate investors in a company very closely, which is 50.28% institutions for Mannkind Corp that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at MNKD for having 20.57 million shares of worth $83.72 million. And as of Jun 29, 2023, it was holding 7.67% of the company’s outstanding shares.
The second largest institutional holder is State Street Corporation, which was holding about 15.31 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 5.71% of outstanding shares, having a total worth of $62.32 million.
On the other hand, SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 30, 2023, the former fund manager was holding 9.98 million shares of worth $46.01 million or 3.72% of the total outstanding shares. The later fund manager was in possession of 7.76 million shares on Jun 29, 2023, making its stake of worth around $31.57 million in the company or a holder of 2.89% of company’s stock.
