In today’s recent session, 5.52 million shares of the Mannkind Corp (NASDAQ:MNKD) have been traded, and its beta is 1.31. Most recently the company’s share price was $6.18, and it changed around $0.8 or 14.81% from the last close, which brings the market valuation of the company to $1.70B. MNKD at last check was trading at a discount to its 52-week high of $6.04, offering almost 2.27% off that amount. The share price’s 52-week low was $3.17, which indicates that the recent value has risen by an impressive 48.71% since then. We note from Mannkind Corp’s average daily trading volume that its 10-day average is 1.66 million shares, with the 3-month average coming to 2.44 million.
Mannkind Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended MNKD as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Mannkind Corp is expected to report earnings per share of 0.02 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Mannkind Corp (NASDAQ:MNKD) trade information
Instantly MNKD has been showing a green trend so far today with a performance of 14.81% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.15 on recent trading daydecreased the stock’s daily price by -0.49%. The company’s shares are currently up 69.69% year-to-date, but still up 14.59% over the last five days. On the other hand, Mannkind Corp (NASDAQ:MNKD) is 7.23% up in the 30-day period. We can see from the shorts that 38.83 million shares have been sold at a short interest cover period of 15.29 day(s).
The consensus price target as assigned by Wall Street analysts is $11, which translates to bulls needing to increase their stock price by 43.82% from its current value. Analyst projections state that MNKD is forecast to be at a low of $10 and a high of $12.
Mannkind Corp (MNKD) estimates and forecasts
Mannkind Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 57.57 percent over the past six months and at a 233.33% annual growth rate that is well above the industry average of 18.20%. The year-over-year growth rate is expected to be 41.00%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 69.22M in revenue for the current quarter. 3 analysts expect Mannkind Corp to make 72.61M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 24.20%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 40.58%. Mannkind Corp earnings are expected to increase by 306.25% in 2024, but the outlook is positive 35.60% per year for the next five years.
MNKD Dividends
Mannkind Corp’s next quarterly earnings report is expected to be released on 2024-Nov-05.
Mannkind Corp (NASDAQ:MNKD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.99% of Mannkind Corp shares, and 50.81% of them are in the hands of institutional investors. The stock currently has a share float of 51.84%. Mannkind Corp stock is held by 277.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 8.344% of the shares, which is about 22.56 million shares worth $117.75 million.
VANGUARD GROUP INC, with 5.7076% or 15.43 million shares worth $80.55 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Mar 31, 2024 . The former held 8.01 shares worth $49.74 million, making up 2.91% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 6.04 shares worth around $37.51 million, which represents about 2.20% of the total shares outstanding.
