In the latest trading session, 0.68 million Mannkind Corp (NASDAQ:MNKD) shares changed hands as the company’s beta touched 1.28. With the company’s most recent per share price at $4.97 changing hands around $0.05 or 0.91% at last look, the market valuation stands at $1.34B. MNKD’s current price is a discount, trading about -15.69% off its 52-week high of $5.75. The share price had its 52-week low at $3.17, which suggests the last value was 36.22% up since then. When we look at Mannkind Corp’s average trading volume, we note the 10-day average is 3.44 million shares, with the 3-month average coming to 3.11 million.
Mannkind Corp (NASDAQ:MNKD) trade information
Instantly MNKD is in green as seen in intraday trades today. With action 7.47%, the performance over the past five days has been green. The jump to weekly highs of 5.11 added 0.91% to the stock’s daily price. The company’s shares are showing year-to-date upside of 36.40%, with the 5-day performance at 7.47% in the green. However, in the 30-day time frame, Mannkind Corp (NASDAQ:MNKD) is 39.86% up. Looking at the short shares, we see there were 35.75 million shares sold at short interest cover period of 15.7 days.
Mannkind Corp (MNKD) estimates and forecasts
Data shows that the Mannkind Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 22.29% over the past 6 months, a 200.00% in annual growth rate that is considerably higher than the industry average of 12.20%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Mannkind Corp will rise 175.00%, while the growth in revenue is estimated to hit 250.00% for the next quarter. Year-over-year growth is forecast to reach 27.80% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of $60.34 million. 5 analysts are of the opinion that Mannkind Corp’s revenue for the quarter ending Jun 2024 will be $63.45 million. The estimates for the next quarter sales put growth at 30.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 40.58%. The 2024 estimates are for Mannkind Corp earnings to increase by 385.42%, but the outlook for the next 5-year period is at 35.60% per year.
MNKD Dividends
Mannkind Corp is expected to release its next quarterly earnings report between May 07 and May 13.
Mannkind Corp (NASDAQ:MNKD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.66% of Mannkind Corp shares while 50.28% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 51.65%. There are 50.28% institutions holding the Mannkind Corp stock share, with Blackrock Inc. the top institutional holder. As of Dec 30, 2023, the company held 8.25% of the shares, roughly 22.3 million MNKD shares worth $110.37 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 5.64% or 15.25 million shares worth $75.48 million as of Dec 30, 2023.
Among Mutual Funds, the top two as of Dec 30, 2023 were Vanguard Total Stock Market Index Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF. With 8.0 million shares estimated at $39.59 million under it, the former controlled 2.96% of total outstanding shares. On the other hand, SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF held about 2.64% of the shares, roughly 7.14 million shares worth around $35.33 million.
