Stocks of Mannkind Corp (NASDAQ:MNKD) traded higher last session on Wall Street, up 0.71% to $7.07.
MNKD stock price is now 11.48% away from the 50-day moving average and 40.71% away from the 200-day moving average. The market capitalization of the company currently stands at $1.94B.
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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, Tross Stuart A, Chief People & Workpl Officer sold 25,000 shares of the company’s stock on Sep 03 ’24. The stock was sold for $156,500 at an average price of $6.26. Upon completion of the transaction, the Chief People & Workpl Officer now directly owns 1,022,191 shares in the company, valued at $7.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 03 ’24, Officer STUART A TROSS bought 25,000 shares of the business’s stock. A total of $156,380 was incurred on buying the stock at an average price of $6.26. A total of 3.12% 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 $7.14. According to the stock market information, the enterprise value for the company is $2027988864, which is based on a 195.84 price-to-earnings ratio, a 5.50 price-to-earnings-growth ratio, and a beta of 1.31. The fifty day moving average price for MNKD is $6.3422 and a two-hundred day moving average price translates $5.02445 for the stock.
The latest earnings results from Mannkind Corp (NASDAQ: MNKD) was released for 2024-06-30. The company reported revenue of $72.39 million for the quarter, compared to $48.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 48.91 percent.
