Investors must take note of MannKind Corporation’s (MNKD) performance last week, which was -15.24%.


On September 22, 2022, MannKind Corporation (NASDAQ: MNKD) opened at $3.18, lower -1.25% from the last session. During the day, the shares moved up to $3.24 and dropped to $3.09 before settling in for the closing price of $3.21. Price fluctuations for MNKD have ranged from $2.49 to $5.44 over the past 52 weeks.

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Annual sales at Healthcare sector company slipped by -15.50% over the past five years. Company’s average yearly earnings per share was noted -26.30% at the time writing. With a float of $241.06 million, this company’s outstanding shares have now reached $253.64 million.

Let’s look at the performance matrix of the company that is accounted for 348 employees. In terms of profitability, gross margin is +48.49, operating margin of -70.44, and the pretax margin is -107.27.

MannKind Corporation (MNKD) Insider and Institutional Ownership

A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of MannKind Corporation is 2.30%, while institutional ownership is 47.60%. The most recent insider transaction that took place on Aug 29, was worth 25,690. In this transaction EVP Genl Counsel & Secretary of this company sold 7,000 shares at a rate of $3.67, taking the stock ownership to the 726,035 shares. Before that another transaction happened on Aug 22, when Company’s EVP Endocrine Business Unit sold 4,615 for $3.85, making the entire transaction worth $17,771. This insider now owns 777,075 shares in total.

MannKind Corporation (MNKD) Latest Financial update

If we go through the results of last quarter, which was made public on 3/30/2022, the company posted -$0.1 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.1) by $0. This company achieved a net margin of -107.27. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -26.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 35.60% during the next five years compared to -17.50% drop over the previous five years of trading.

MannKind Corporation (NASDAQ: MNKD) Trading Performance Indicators

Check out the current performance indicators for MannKind Corporation (MNKD). In the past quarter, the stock posted a quick ratio of 2.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.03.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.35, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.15 in one year’s time.

Technical Analysis of MannKind Corporation (MNKD)

MannKind Corporation (NASDAQ: MNKD) saw its 5-day average volume 7.82 million, a positive change from its year-to-date volume of 4.37 million. As of the previous 9 days, the stock’s Stochastic %D was 4.98%. Additionally, its Average True Range was 0.22.

During the past 100 days, MannKind Corporation’s (MNKD) raw stochastic average was set at 24.89%, which indicates a significant increase from 8.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.07% in the past 14 days, which was lower than the 74.69% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.80, while its 200-day Moving Average is $3.77. Nevertheless, the first resistance level for the watch stands at $3.24 in the near term. At $3.32, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.39. If the price goes on to break the first support level at $3.09, it is likely to go to the next support level at $3.02. The third support level lies at $2.94 if the price breaches the second support level.

MannKind Corporation (NASDAQ: MNKD) Key Stats

There are currently 252,565K shares outstanding in the company with a market cap of 854.57 million. Presently, the company’s annual sales total 75,440 K according to its annual income of -80,930 K. Last quarter, the company’s sales amounted to 18,890 K and its income totaled -29,020 K.


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