How Worried Should Investors Be About Mannkind Corp (MNKD)

Mannkind Corp (NASDAQ:MNKD) does about 2.53M shares in volume on a normal day but saw 1414236 shares change hands in Friday’s trading. The company now has a market cap of 1.27B USD. Its current market price is $4.67, marking an increase of 0.54% compared to the previous close of $4.64. The 52 week high reached by this stock is $5.75 whilst the lowest price level in 52 weeks is $3.17.

Mannkind Corp (MNKD) has a 20-day trading average at $4.62 and the current price is -18.78% off the 52-week high compared with 47.32% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.42 and its 200-day simple moving average is $4.07. If we look at the stock’s price movements over the week, volatility stands at 3.85%, which increases to 4.13% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 55.04 to suggest the stock is neutral.

The consensus objective for the share price is $6.25, suggesting that the stock has a potential upside of 25.28% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 10, 2023 when Wedbush initiated the stock to “Outperform” and issued a price target of $10. Oppenheimer initiated its price target at $2.50.

Its price is 28.30% year-to-date and 10.93% over the past year.

To reach the target analysts have set, the stock logically needs to grow 25.28 percent from here.

The company has a return on investment of 7.58%. The price to earnings ratio (P/E ratio) amounts to 197.88 while the forward price to earnings ratio is 17.96. The beta has a value of 1.31. Price to sales ratio is 5.66.