Mannkind Corporation (NASDAQ:MNKD) shares traded 9.09% up during most recent session to reach at the closing price of $2.04. The stock exchanged hands 3.83 Million shares versus average trading capacity of 2.36 Million shares, yielding a market cap of $195.02 Million. Wall Street analysts covering the stock are projecting that the stock will reach $4 within the next 52-weeks. The mean target projections are based on 1 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Mannkind Corporation (NASDAQ:MNKD) high price target of $4 and with a conservative view have low price target of $4.
Maxim Group “Initiates Coverage On” Mannkind Corporation (NASDAQ:MNKD) in a research note issued to investors on 8/11/17 to Buy with price target of $4.
Additionally on 11/16/15 Griffin Securities “Downgrades” Mannkind Corporation (NASDAQ:MNKD) to Neutral and on 11/04/15 RBC Capital “Downgrades” the stock to Underperform at $1. Furthermore on 9/09/15 PiperJaffray “Downgrades” the stock to Underweight.
In terms of Buy, Sell or Hold recommendations, Mannkind Corporation (NASDAQ:MNKD) has analysts’ mean recommendation of 3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Mannkind Corporation (NASDAQ:MNKD)’s minimum EPS for the current quarter is at $-0.28 and can go high up to $-0.13. The consensus mean EPS for the current quarter is at $-0.21 derived from a total of 2 estimates from the analysts who have weighed in on projected earnings. However the company reported $1.3 earnings per share for the same quarter during last year.
Previously Mannkind Corporation (NASDAQ:MNKD) reported $-0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.25 by $-0.1. The company posted an earnings surprise of -40%.
Mannkind Corporation (NASDAQ:MNKD)’s revenue estimates for the current quarter are $3.24 Million according to 2 number of analysts, for the current quarter the company has high revenue estimates of $4.48 Million in contradiction of low revenue estimates of $2 Million. For the current year the company’s revenue estimates are $11.6 Million compared to low analyst estimates of $9 Million and high estimates of $14.19 Million according to 2 number of analysts.
Currently Mannkind Corporation (NASDAQ:MNKD)’s shares owned by insiders are 0.2%, whereas shares owned by institutional owners are 16%. However the six-month change in the insider ownership was recorded 1.98%, as well as three-month change in the institutional ownership was recorded -9.52%.
Mannkind Corporation (NASDAQ:MNKD)’s trailing twelve month revenues are $179.9 Million, whereas its price to sales ratio for the same period is 1.08. Its book value per share for the most recent quarter is $-2.22 while its price to book ratio for the same period is 0, as for as the company’s cash per share for the most recent quarter is $0.45, however its price to cash per share ratio for the same period is 4.49. The stock has 5 year expected PEG ratio of 0.06 whereas its trailing twelve month P/E ratio is 1.51.