In the latest trading session,, 0.63 million Mannkind Corp (NASDAQ:MNKD) shares changed hands as the company’s beta touched 1.02. With the company’s most recent per share price at $4.22 changed hands at -$0.14 or -2.99% at last look, the market valuation stands at $1.28B. MNKD’s current price is a discount, trading about -80.81% off its 52-week high of $7.63. The share price had its 52-week low at $4.34, which suggests the last value was -2.84% down since then.
Analysts gave the Mannkind Corp (MNKD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended MNKD as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Mannkind Corp’s EPS for the current quarter is expected to be 0.1.
Mannkind Corp (NASDAQ:MNKD) trade information
Instantly MNKD was in red as seen in intraday trades today. With action -7.55%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -34.29%, with the 5-day performance at -7.55% in the red. However, in the 30-day time frame, Mannkind Corp (NASDAQ:MNKD) is -7.75% down.
The consensus price target for the stock as assigned by Wall Street analysts is 11, meaning bulls need an upside of 61.64% from its recent market value. According to analyst projections, MNKD’s forecast low is 10 with 12 as the target high. To hit the forecast high, the stock’s price needs a -184.36% plunge from its current level, while the stock would need to soar -136.97% for it to hit the projected low.
Mannkind Corp (MNKD) estimates and forecasts
Year-over-year growth is forecast to reach 11.59% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 77.82M. 7 analysts are of the opinion that Mannkind Corp’s revenue for the current quarter will be 79.53M. The company’s revenue for the corresponding quarters a year ago was 72.39M and 70.08M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 7.51%. The estimates for the next quarter sales put growth at 13.48%.
The 2025 estimates are for Mannkind Corp earnings to increase by 94.29%, but the outlook for the next 5-year period is at 46.59% per year.
MNKD Dividends
Mannkind Corp is expected to release its next quarterly earnings report in June.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 5.6512% or 15.43 million shares worth $80.55 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 8.2 shares estimated at $34.91 million under it, the former controlled 2.70% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 2.32% of the shares, roughly 7.06 shares worth around $30.05 million.
