After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that MannKind Corporation Reports 2023 Fourth Quarter and Full Year Financial Results: Provides Clinical Development Update.
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Stocks Info
The company is listed on the NASDAQ and operates within the Biotechnology industry segment. At the end of the last regular session, the stock closed at $3.92 and fluctuated between $4.2800 as its day high and $3.8637 as its day low. The current market capitalization of Mannkind Corp is $1.06B. A total of 6.24 million shares were traded on the day, compared to an average of 2.59M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, MNKD has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 15 BUYs and 35 SELLs from insiders. Insiders purchased 3,369,004 shares during that period but sold 2,349,053.
In the most recent transaction, Castagna Michael sold 90,482 shares of MNKD for 4.00 per share on Dec 15. After the transaction, the Chief Executive Officer now owns 2,148,665 company shares. In a previous transaction on Dec 14, Castagna Michael sold 110,000 shares at 4.00 per share. MNKD shares that Chief Executive Officer owns now total 2,239,147.
Among the insiders who sold shares, Castagna Michael disposed of 10,000 shares on Nov 01 at a per-share price of $4.25. This resulted in the Chief Executive Officer holding 2,349,147 shares of MNKD after the transaction. In another insider transaction, Castagna Michael sold 10,000 shares at $4.61 per share on Oct 02. Company shares held by the Chief Executive Officer now total 2,359,147.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for MNKD in the last 3 months, the mean price target is $7.20 with high estimates of $10.00 and low estimates of $5.00. In terms of 52-week highs and lows, MNKD has a high of $5.75 and a low of $3.17.
As of this writing, MNKD has an earnings estimate of $0.01 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.01 per share and a lower estimate of $0.01. The company reported an EPS of $0.01 in the last quarter, which was 150.00% higher than expectations of -$0.02.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MNKD’s latest balance sheet shows that the firm has $204.12M in Cash & Short Term Investments as of fiscal 2021. There were $375.77M in debt and $48.35M in liabilities at the time. Its Book Value Per Share was -$0.91, while its Total Shareholder’s Equity was -$209.35M.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MNKD is Buy with a score of 5.00.
