Mannkind Corp (NASDAQ: MNKD) kicked off on Friday, down -0.87% from the previous trading day, before settling in for the closing price of $6.90. Over the past 52 weeks, MNKD has traded in a range of $3.17-$7.63.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 55.42%. While this was happening, its average annual earnings per share was recorded 355.00%. With a float of $267.25 million, this company’s outstanding shares have now reached $270.03 million.
Considering the fact that the conglomerate employs 414 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 66.86%, operating margin of 25.27%, and the pretax margin is 11.54%.
Mannkind Corp (MNKD) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of Mannkind Corp is 3.09%, while institutional ownership is 55.95%. The most recent insider transaction that took place on Nov 22 ’24, was worth 465,397. Before that another transaction happened on Nov 15 ’24, when Company’s Director sold 67,539 for $6.76, making the entire transaction worth $456,564. This insider now owns 1,075,026 shares in total.
Mannkind Corp (MNKD) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.02 earnings per share (EPS), higher than consensus estimate (set at -0.01) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 355.00% 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 40.58% growth over the previous five years of trading.
Mannkind Corp (NASDAQ: MNKD) Trading Performance Indicators
Take a look at Mannkind Corp’s (MNKD) current performance indicators. Last quarter, stock had a quick ratio of 4.17. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.00. Likewise, its price to free cash flow for the trailing twelve months is 65.52.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.07, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach 0.21 in one year’s time.
Technical Analysis of Mannkind Corp (MNKD)
Compared to the last year’s volume of 2.63 million, its volume of 2.52 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 30.14%. Additionally, its Average True Range was 0.29.
During the past 100 days, Mannkind Corp’s (MNKD) raw stochastic average was set at 70.85%, which indicates a significant increase from 22.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.34% in the past 14 days, which was lower than the 35.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.71, while its 200-day Moving Average is $5.32. Nevertheless, the first resistance level for the watch stands at $6.96 in the near term. At $7.07, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.14. If the price goes on to break the first support level at $6.77, it is likely to go to the next support level at $6.70. Should the price break the second support level, the third support level stands at $6.59.
Mannkind Corp (NASDAQ: MNKD) Key Stats
The company with the Market Capitalisation of 1.87 billion has total of 275,778K Shares Outstanding. Its annual sales at the moment are 198,960 K in contrast with the sum of -11,940 K annual income. Company’s last quarter sales were recorded 70,080 K and last quarter income was 11,550 K.
