With 2.19 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.38 million shares. The 52-week range on MNKD shows that it touched its highest point at $7.63 and its lowest point at $3.97 during that stretch. It currently has a 1-year price target of $10.00. Beta for the stock currently stands at 1.21.
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 down-trending over the past week, with a drop of -5.85%, but this was down by -7.54% over a month. Three-month performance dropped to -24.04% while six-month performance fell -17.73%. The stock gained 14.44% in the past year, while it has lost -19.91% so far this year. A look at the trailing 12-month EPS for MNKD yields 0.09 with Next year EPS estimates of 0.26. For the next quarter, that number is 0.04. This implies an EPS growth rate of 78.57% for this year and 43.20% for next year.
Float and Shares Shorts:
At present, 302.96 million MNKD shares are outstanding with a float of 294.76 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 $0.11628 being high and $0.084568 being low. For MNKD, this leads to a yearly average estimate of $0.10571. 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.
Summary of Insider Activity:
Insiders traded MNKD stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
