Mannkind Corp (NASDAQ:MNKD) price closed lower on Friday, April 12, dropping -3.49% below its previous close.
A look at the daily price movement shows that the last close reads $4.30. The company’s 5Y monthly beta was ticking 1.32. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.75 and 52-week low of $3.17. The stock subtracted -9.59% on its value in the past month. Mannkind Corp, which has a market valuation of $1.12 billion, is expected to release its quarterly earnings report May 07, 2024 – May 13, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give MNKD a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that MNKD’s price is at present -8.88% off the SMA20 and -0.59% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 42.33, with weekly volatility standing at 4.85%. The indicator jumps to 5.17% when calculated based on the past 30 days. Mannkind Corp (NASDAQ:MNKD)’s beta value is holding at 1.33, while the average true range (ATR) indicator is currently reading 0.24. An analysis of the Mannkind Corp (NASDAQ:MNKD) stock in terms of its daily trading volume indicates that the 3-month average is 3.05 million.
Current records show that the company has 270.03M in outstanding shares. The insiders’ percentage holdings are 3.76% of outstanding shares while the percentage share held by institutions stands at 49.49%. But the 14.01% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
