MannKind Corporation (NASDAQ:MNKD): The most interesting shares today

In the last trading session, 4,600,680 MannKind Corporation(NASDAQ:MNKD) shares changed hands as the company’s beta touched 2.29. With the company’s per share price at $3.22 changed hands at $0.09 or 0.03% during last session, the market valuation stood at $758.85 Million. MNKD’s last price was a discount, traded about -30.75% off its 52-week high of $4.21. The share price had its 52-week low at $0.8, which suggests the last value was 75.16% up since then. When we look at MannKind Corporation’s average trading volume, we note the 10-day average is 4.54 Million shares, with the 3-month average coming to 3.77 Million.

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Analysts gave the MannKind Corporation (MNKD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.4. If we narrow down to specifics, the data shows that none out of 5 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, none recommended MNKD as a Hold, 4 felt it is a Buy and none rated the stock as Underweight. MannKind Corporation’s EPS for the current quarter is expected to be -$0.04.

Instantly MNKD was in green as seen at the end of in last trading. With action 2.88%, the performance over the past five days has been red. The jump to weekly highs of $3.66- on Tuesday, Dec 29 added 12.02% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.03%, with the 5-day performance at -0.06% in the red. However, in the 30-day time frame, MannKind Corporation (NASDAQ:MNKD) is 0.09% up. Looking at the short shares, we see there were 18.01 Million shares sold at short interest cover period of 4.78 days.

The consensus price target for the stock as assigned by Wall Street analysts is $3.3, meaning bulls need an upside of 2.48% from its current market value. According to analyst projections, MNKD’s forecast low is $2.5 with $4 as the target high. To hit the forecast high, the stock’s price needs a +24.22% upsurge from its current level, while the stock would need to tank -22.36% for it to hit the projected low.

MannKind Corporation (MNKD) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 36.5%. The 2021 estimates are for MannKind Corporation earnings to increase by 56%, but the outlook for the next 5-year period is at 35.6% per year.

MannKind Corporation (NASDAQ:MNKD)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 4.86% of MannKind Corporation shares while 29.95% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 31.48%. There are 176 institutions holding the MannKind Corporation stock share, with Blackrock Inc. the top institutional holder. As of Sep 29, 2020, the company held 7.59% of the shares, roughly 17.66 Million MNKD shares worth $33.19 Million.

Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 4.87% or 11.33 Million shares worth $21.3 Million as of Sep 29, 2020.

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Among Mutual Funds, the top two as of Sep 29, 2020 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 5999761 shares estimated at $11.28 Million under it, the former controlled 2.58% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.16% of the shares, roughly 5.03 Million shares worth around $14.98 Million.

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