With 2.7 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.01 million shares. The 52-week range on MNKD shows that it touched its highest point at $7.63 and its lowest point at $3.70 during that stretch. It currently has a 1-year price target of $9.71. Beta for the stock currently stands at 1.01.
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 -12.81%, but this was down by -16.45% over a month. Three-month performance dropped to -27.29% while six-month performance fell -42.36%. The stock lost -19.45% in the past year, while it has lost -40.75% so far this year. A look at the trailing 12-month EPS for MNKD yields 0.10 with Next year EPS estimates of 0.26. For the next quarter, that number is 0.05. This implies an EPS growth rate of 94.56% for this year and 32.74% for next year.
Float and Shares Shorts:
At present, 303.92 million MNKD shares are outstanding with a float of 294.46 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.
