With 2.05 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.46 million shares. The 52-week range on MNKD shows that it touched its highest point at $7.63 and its lowest point at $3.47 during that stretch. It currently has a 1-year price target of $10.00. Beta for the stock currently stands at 1.25.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MNKD was up-trending over the past week, with a rise of 1.07%, but this was down by -6.29% over a month. Three-month performance dropped to -16.76% while six-month performance rose 5.79%. The stock gained 55.07% in the past year, while it has lost -11.98% so far this year. A look at the trailing 12-month EPS for MNKD yields 0.07 with Next year EPS estimates of 0.24. For the next quarter, that number is 0.03. This implies an EPS growth rate of 357.14% for this year and 129.17% for next year.
Float and Shares Shorts:
At present, 275.78 million MNKD shares are outstanding with a float of 267.70 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MNKD since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.11315 being high and $0.082288 being low. For MNKD, this leads to a yearly average estimate of $0.10286. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
