In yesterday’s Wall Street session, Mannkind Corp (NASDAQ:MNKD) shares traded at $6.61, up 0.46% from the previous session.
MNKD stock price is now -1.47% away from the 50-day moving average and 23.22% away from the 200-day moving average. The market capitalization of the company currently stands at $1.83B.
On June 13, 2024, Rodman & Renshaw recently initiated its ‘Buy’ rating on the stock quoting a target price of $8, while ‘Wedbush’ rates the stock as ‘Outperform’
In other news, Binder Steven B., Director sold 67,536 shares of the company’s stock on Nov 22 ’24. The stock was sold for $465,323 at an average price of $6.89. Upon completion of the transaction, the Director now directly owns 1,075,026 shares in the company, valued at $7.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22 ’24, Director STEVEN B BINDER bought 67,536 shares of the business’s stock. A total of $465,397 was incurred on buying the stock at an average price of $6.89. A total of 3.09% of the company’s stock is owned by insiders.
During the past 12 months, Mannkind Corp has had a low of $3.17 and a high of $7.63. According to the stock market information, the enterprise value for the company is $1912115584, which is based on a 94.03 price-to-earnings ratio, a 2.64 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for MNKD is $6.7096 and a two-hundred day moving average price translates $5.34815 for the stock.
The latest earnings results from Mannkind Corp (NASDAQ: MNKD) was released for 2024-09-30. The company reported revenue of $70.08 million for the quarter, compared to $51.25 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.73 percent.
