Mannkind Corp Stock Today
| MNKD Stock | USD 4.11 0.07 1.67% |
Performance8 of 100
| Odds Of DistressOver 67
|
MannKind Corp is trading at 4.11 as of the 23rd of April 2024, a -1.67 percent decrease since the beginning of the trading day. The stock's lowest day price was 4.11. MannKind Corp has more than 67 % chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Equity ratings for MannKind Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of May 2022 and ending today, the 23rd of April 2024. Click here to learn more.
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. MannKind Corporation was incorporated in 1991 and is headquartered in Westlake Village, California. The company has 270.76 M outstanding shares of which 30.76 M shares are now shorted by private and institutional investors with about 6.85 trading days to cover. More on MannKind Corp
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Follow Valuation Odds of Bankruptcy
Financial Report 14th of May 2024
MannKind Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. MannKind Corp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding MannKind Corp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Founder and Executive Chairman | Alfred Mann |
| Old Name | Mannkind Corp |
| Business Concentration | Biotechnology, Pharmaceuticals, Biotechnology & Life Sciences, Health Care, NASDAQ Biotechnology, NASDAQ Composite, Dow Jones Biotechnology, NASDAQ Composite Total, NASDAQ Health Care, Health Care, Biotechnology, Biotechnology, Healthcare (View all Sectors) |
| Financial Strength Based on the analysis of MannKind Corp's profitability, liquidity, and operating efficiency, MannKind Corp is not in a good financial situation at this time. It has a very high odds of going through financial crisis in May. Financial strength of MannKind Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency. | |
MannKind Corp (MNKD) is traded on NASDAQ Exchange in USA. It is located in 1 Casper Street, Danbury, CT, United States, 06810 and employs 411 people. MannKind Corp is listed under Biotechnology category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.13 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate MannKind Corp's market, we take the total number of its shares issued and multiply it by MannKind Corp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. MannKind Corp conducts business under Biotechnology sector and is part of Health Care industry. The entity has 270.76 M outstanding shares of which 30.76 M shares are now shorted by private and institutional investors with about 6.85 trading days to cover.
MannKind Corp currently holds about 154.16 M in cash with 33.91 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.6.
Check MannKind Corp Probability Of Bankruptcy
Ownership AllocationMannKind Corp holds a total of 270.76 Million outstanding shares. Over half of MannKind Corp's outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in MannKind Corp. Please watch out for any change in the institutional holdings of MannKind Corp as this could mean something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check MannKind Ownership Details
MannKind Stock Price Odds Analysis
What are MannKind Corp's target price odds to finish over the current price? Based on a normal probability distribution, the odds of MannKind Corp jumping above the current price in 90 days from now is about 50.0%. The MannKind Corp probability density function shows the probability of MannKind Corp stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.4255. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, MannKind Corp will likely underperform. Additionally, mannKind Corp has an alpha of 0.157, implying that it can generate a 0.16 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of MannKind Corp to move above the current price in 90 days from now is about 50.0 (This MannKind Corp probability density function shows the probability of MannKind Stock to fall within a particular range of prices over 90 days) .
MannKind Corp Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. MannKind Corp market risk premium is the additional return an investor will receive from holding MannKind Corp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in MannKind Corp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although MannKind Corp's alpha and beta are two of the key measurements used to evaluate MannKind Corp's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0685 | |||
| Jensen Alpha | 0.157 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0734 |
MannKind Stock Against Markets
Picking the right benchmark for MannKind Corp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in MannKind Corp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for MannKind Corp is critical whether you are bullish or bearish towards MannKind Corp at a given time. Please also check how MannKind Corp's historical prices are related to one of the top price index indicators.
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MannKind Corp Corporate Directors
MannKind Corp corporate directors refer to members of a MannKind Corp board of directors. The board of directors generally takes responsibility for the MannKind Corp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of MannKind Corp's board members must vote for the resolution. The MannKind Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Michael Friedman | Independent Director | Profile | |
| Ronald Consiglio | Independent Director | Profile | |
| David MacCallum | Independent Director | Profile | |
| Kent Kresa | Lead Independent Director | Profile |
How to buy MannKind Stock?
Before investing in MannKind Corp, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in MannKind Corp. To buy MannKind Corp stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of MannKind Corp. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase MannKind Corp stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located MannKind Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased MannKind Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as MannKind Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy MannKind Stock please use our How to Invest in MannKind Corp guide.
Already Invested in MannKind Corp?
The danger of trading MannKind Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of MannKind Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than MannKind Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MannKind Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether MannKind Corp is a strong investment it is important to analyze MannKind Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MannKind Corp's future performance. For an informed investment choice regarding MannKind Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MannKind Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For information on how to trade MannKind Stock refer to our How to Trade MannKind Stock guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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When running MannKind Corp's price analysis, check to measure MannKind Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MannKind Corp is operating at the current time. Most of MannKind Corp's value examination focuses on studying past and present price action to predict the probability of MannKind Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MannKind Corp's price. Additionally, you may evaluate how the addition of MannKind Corp to your portfolios can decrease your overall portfolio volatility.
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Is MannKind Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MannKind Corp. If investors know MannKind will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MannKind Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of MannKind Corp is measured differently than its book value, which is the value of MannKind that is recorded on the company's balance sheet. Investors also form their own opinion of MannKind Corp's value that differs from its market value or its book value, called intrinsic value, which is MannKind Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MannKind Corp's market value can be influenced by many factors that don't directly affect MannKind Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MannKind Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if MannKind Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MannKind Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.