MannKind (MNKD) Stock Price, News & Analysis

Company Overview

MannKind Corporation, a biopharmaceutical company, focuses on the development and commercialization of inhaled therapeutic products for endocrine and orphan lung diseases in the United States. It offers Afrezza, an inhaled insulin used to improve glycemic control in adults with diabetes, and the V-Go wearable insulin delivery device, which provides continuous subcutaneous infusion of insulin in adults. The company's product pipeline also includes Tyvaso DPI (Treprostinil), an inhalation powder for the treatment of pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease; MNKD-101, a nebulized formulation of clofazimine, for the treatment of severe chronic and recurrent pulmonary infections, including nontuberculous mycobacterial lung disease; MNKD-201, a dry-powder formulation of nintedanib, for the treatment of idiopathic pulmonary fibrosis (IPF). In addition, it has collaboration and license agreement with United Therapeutics Corporation for development, regulatory, and commercial activities of Tyvaso DPI; co-promotion agreement with Vertice Pharma to promote Thyquidity; and collaboration agreement with Thirona to evaluate the therapeutic for the treatment of pulmonary fibrosis. Further, the company has supply and distribution agreement with Biomm S.A. for the commercialization of Afrezza in Brazil; and license and distribution agreement with Cipla Ltd. for the marketing and distribution of Afrezza in India. MannKind Corporation was incorporated in 1991 and is headquartered in Danbury, Connecticut.

Key Stats

• Today's Range: $6.80 to $7.04
• 50-Day Range: $6.20 to $7.44
• 52-Week Range: $3.17 to $7.63
• Volume: 1.92 million shs
• Average Volume: 2.97 million shs
• Market Capitalization: $1.90 billion
• P/E Ratio: 98.29
• Dividend Yield: N/A
• Price Target: $8.67
• Consensus Rating: Buy

MannKind Stock Analysis - MarketRank™

MannKind scored higher than 69% of companies evaluated by MarketBeat, and ranked 281st out of 963 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Buy

Consensus Rating

MannKind has received a consensus rating of Buy. The company's average rating score is 3.14, and is based on 6 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

MannKind has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 90.00%

Earnings Growth

Earnings for MannKind are expected to grow by 90.00% in the coming year, from $0.10 to $0.19 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of MannKind is 98.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of MannKind is 98.29, which means that it is trading at a more expensive P/E ratio than the Medical sector average P/E ratio of about 83.57.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

16.05% of the float of MannKind has been sold short.

Short Interest Ratio / Days to Cover

MannKind has a short interest ratio ("days to cover") of 17.8, which indicates bearish sentiment.

Change versus previous month

Short interest in MannKind has recently decreased by 0.16%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

MannKind does not currently pay a dividend.

Dividend Growth

MannKind does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

16.05% of the float of MannKind has been sold short.

Short Interest Ratio / Days to Cover

MannKind has a short interest ratio ("days to cover") of 17.8, which indicates bearish sentiment.

Change versus previous month

Short interest in MannKind has recently decreased by 0.16%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.38

News Sentiment

MannKind has a news sentiment score of 0.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for MannKind this week, compared to 3 articles on an average week.

Search Interest

12 people have searched for MNKD on MarketBeat in the last 30 days.

MarketBeat Follows

12 people have added MannKind to their MarketBeat watchlist in the last 30 days. This is an increase of 140% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, MannKind insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,089,358.00 in company stock.

Percentage Held by Insiders

Only 3.00% of the stock of MannKind is held by insiders.

Percentage Held by Institutions

49.55% of the stock of MannKind is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MNKD Stock Analysis - Frequently Asked Questions

How have MNKD shares performed this year?

MannKind's stock was trading at $3.64 on January 1st, 2024. Since then, MNKD stock has increased by 89.0% and is now trading at $6.88.
View the best growth stocks for 2024 here.

How were MannKind's earnings last quarter?

MannKind Co. (NASDAQ:MNKD) released its quarterly earnings results on Wednesday, August, 7th. The biopharmaceutical company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. MannKind's revenue for the quarter was up 48.9% on a year-over-year basis.

Who are MannKind's major shareholders?

Top institutional investors of MannKind include State Street Corp (3.48%), Geode Capital Management LLC (2.30%), FMR LLC (1.61%) and Parkman Healthcare Partners LLC (1.20%). Insiders that own company stock include Michael Castagna, Steven B Binder, Stuart A Tross, David Thomson, Alejandro Galindo and Anthony C Hooper.
View institutional ownership trends.

How do I buy shares of MannKind?

Shares of MNKD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of MannKind own?

Based on aggregate information from My MarketBeat watchlists, some other companies that MannKind investors own include Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), Bausch Health Companies (BHC), Intel (INTC) and Netflix (NFLX).

Company Calendar

• Last Earnings: 8/07/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/25/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Pharmaceutical preparations
• Sub-Industry: Biotechnology
• Current Symbol: NASDAQ:MNKD
• CUSIP: 56400P20
• CIK: 899460
• Web: www.mannkindcorp.com
• Phone: (818) 661-5000
• Fax: 661-775-2081
• Employees: 400
• Year Founded: 1991

Price Target and Rating

• Average Stock Price Target: $8.67
• High Stock Price Target: $12.00
• Low Stock Price Target: $6.50
• Potential Upside/Downside: +26.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.14
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.07
• Trailing P/E Ratio: 98.29
• Forward P/E Ratio: 68.80
• P/E Growth: N/A
• Net Income: $-11,940,000.00
• Net Margins: 8.07%
• Pretax Margin: 9.37%
• Return on Equity: -17.74%
• Return on Assets: 8.68%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 4.54
• Quick Ratio: 4.17

Sales & Book Value

• Annual Sales: $198.96 million
• Price / Sales: 9.54
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($0.91) per share
• Price / Book: -7.56

Miscellaneous

• Outstanding Shares: 275,780,000
• Free Float: 267,505,000
• Market Cap: $1.90 billion
• Optionable: Optionable
• Beta: 1.30