Short Interest in MannKind Corporation (MNKD) Increases By 11.3%
Short Interest in MannKind Corporation (MNKD) Increases By 11.3%
14 November, 2017, 20:37
Based on an average daily volume of 27,541,901 shares, the days-to-cover ratio is now 1.0 days. A negative earnings surprise will usually result in a decline in share price.
A number of equities analysts recently weighed in on the company.
Analysts on average have given a price target of $7 to MannKind Corp. Finally, Maxim Group reaffirmed a "hold" rating on shares of MannKind Corporation in a report on Wednesday. Now shares of Mannkind Corporation (NASDAQ:MNKD) have an average brokerage recommendation (ABR) of 2 number of Recs in ABR is 2 however the company's industry rank by ABR is out of 265. Finally, HC Wainwright began coverage on MannKind Corporation in a report on Tuesday, October 10th.
The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc.) made by the brokerage firms for the given stock.
According to analysts Mannkind Corporation (NASDAQ:MNKD)'s minimum EPS for the current quarter is at $-0.29 and can go high up to $-0.13.
The Return on Invested Capital (aka ROIC) for MannKind Corporation (NasdaqGM:MNKD) is -3.072521. The stock was bought at an average cost of $6.00 per share, for a total transaction of $999,600.00. They set a "buy" rating on the stock. Wells Fargo & Company MN lifted its holdings in shares of MannKind Corporation by 51.5% in the third quarter. The company's a year ago sales total was 12400.
Analysts are also projecting an Average Revenue Estimate for MannKind Corp.as $4430 in the Current Quarter. KCG Holdings Inc. increased its stake in MannKind Corporation by 268.0% during the 1st quarter.
Trevena, Inc. (TRVN) stock moved with shift of 20.27% in the past week. Bank of New York Mellon Corp now owns 108,380 shares of the biopharmaceutical company's stock valued at $236,000 after purchasing an additional 25,125 shares in the last quarter. Company insiders own 1.60% of the company's stock.
Having a look in a broader way analysts from brokerage firms on the street with an extensive view have high price target of Mannkind Corporation (NASDAQ:MNKD) at $7 and with a conformist view have low price target of $7 while the stock's latest closing price was $3.24.
The stock is now showing YTD performance of 0.83 Percent. MannKind Corporation has a one year low of $0.67 and a one year high of $6.96.
Currently Mannkind Corporation (NASDAQ:MNKD)'s shares owned by insiders are 0.2%, whereas shares owned by institutional owners are 14.6%. As of the last earnings report the EPS was $-0.27 with 114.87M shares now outstanding. MannKind Corporation had a negative net margin of 155.83% and a negative return on equity of 24.93%.
DEERFIELD MANAGEMENT CO raised its stake in MannKind Corporation (NASDAQ:MNKD) by New% during the June 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The company reported its EPS on 9/29/2017.
September 1 investment analysts at Maxim Group kept a "Buy" rating on the company.
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MannKind Corporation a United States of America based Company, belongs to Healthcare sector and Biotechnology industry. The Company is focused on the discovery and development of therapeutic products for diseases, such as diabetes. The Company's product candidate is AFREZZA, which is an inhaled insulin used to control high blood sugar in adults with type I and type II diabetes and helps in glycemic control.
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