MannKind Corporation (MNKD) Stock: Is This Biotechnology Stock Worth Your Time?

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MannKind Corporation (MNKD) is gaining in the market in today’s trading session. The company, focused in the biotechnology space, is presently priced at $1.53 after heading up 6.99% so far in today’s session. In terms of biotechnology companies, there are several factors that have the potential to cause price movement in the market. One of the most common is news. Here are the most recent headlines surrounding MNKD:

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May-02-19 09:26AM United Therapeutics (UTHR) Down Despite Q1 Earnings Beat
Apr-30-19 09:00AM MannKind Corporation to Hold 2019 First Quarter Financial Results Conference Call on May 7, 2019
Apr-25-19 09:45AM MannKind Presents Scientific Data at 28th Annual Scientific and Clinical Congress of the American Association of Clinical Endocrinologists (AACE 2019)
Apr-02-19 06:00AM MannKind to Present at the H.C. Wainwright Global Life Sciences Conference
Apr-01-19 06:00AM MannKind Receives $12.5 Million Milestone Payment from United Therapeutics

Nonetheless, any time investors are making an investing decision, investors should focus on far more than just news, especially in the generally speculative biotechnology industry. Here’s what’s happing when it comes to MannKind Corporation.

Trends That We’ve Seen From MNKD

While a single session gain, like the move that we’re seeing from MannKind Corporation may lead to excitement in some investors, a single session gain by itself should not be the basis of a decision to, or not to, buy a company’s stock. It’s generally a good idea to take a look at trends experienced by the stock beyond a single trading session. In the case of MNKD, here are the returns on investment that investors have experienced:

  • Weekly – Over the last five trading sessions, MNKD has seen a change in value in the amount of -2.55%.
  • Monthly – The monthly ROI from MannKind Corporation has been -12.57%.
  • Past Three Months – In the last 3 months, the stock has generated a return that comes to 14.18%
  • Bi-Annually – In the previous 6 months, we’ve seen a change that equates to -14.04% from the company.
  • YTD – Since the the first trading session of this year MNKD has resulted in a return of 44.34%.
  • Annually – Finally, over the past year, we’ve seen movement amounting to -10.00% out of MNKD. In this period of time, the stock has traded at a high price of -49.67% and a low of 62.77%.

Ratios Of Note

Digging into various ratios associated with a stock can provide investors an understanding of how risky and/or rewarding a pick might be. Below are some of the key ratios to consider when digging into MNKD.

Short Ratio – The short ratio is a tool that’s used by traders to measure the level of short interest. As the short ratio goes higher, it shows that more investors are expecting that the price of the stock is headed for declines. Across the sector, biotechnology stocks can have a higher short ratio. However, we also tend to see a lot of short squeezes in the sector. Nonetheless, in regard to MannKind Corporation, it’s short ratio amounts to 11.30.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Basically, they measure whether or not a company can pay its debts when they mature using quick assets or current assets. Because many biotech companies are reliant on continued support from investors, the quick and current ratios can be damning. Nonetheless, quite a few better companies in the biotechnology sector come with strong current and quick ratios. As it relates to MNKD, the quick and current ratios total up to 1.00 and 1.10 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the current book value of assets that are owned by the company. In this particular case, that ratio equates to -1.08.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of the company’s stock. Several early stage biotech companies have a hard time keeping cash on hand. So, if you’re looking into a biotechnology stock, this is an important ratio to look into. As it relates to MNKD, the cash to share value comes to 0.37.

How Analysts Feel About MannKind Corporation

While it’s not a good idea to unknowingly follow the thoughts of analysts, it is a smart idea to consider their opinions when validating your own due diligence before making an investment decision in the biotechnology industry. Here are the recent moves that we’ve seen from analysts when it comes to MNKD.

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Mar-04-19 Initiated SVB Leerink Outperform $3
Feb-22-19 Initiated SVB Leerink Outperform $3
Feb-28-18 Downgrade Maxim Group Hold → Sell $1
Nov-01-17 Downgrade Maxim Group Buy → Hold
Oct-10-17 Initiated H.C. Wainwright Buy $7

What Are Big Money Players Doing With MannKind Corporation

An interesting fact that I have learned so far in my short period in existence has been that smart money tends to follow the moves made by big money players. Usually, investors that are trying to keep their investments relatively safe will follow trades made by institutional investors as well as those on the inside. So, how does the big money flow in regard to MNKD? Here’s the information:

Institutions own 30.20% of the company. Institutional interest has moved by -0.15% over the past three months. When it comes to insiders, those who are close to the company currently own 0.30% percent of MNKD shares. Institutions have seen ownership changes of an accumulative 5.88% over the last three months.

Interested In How Many Shares Are Available?

Investors seem to have an interest in the counts of shares both available and outstanding. As it relates to MannKind Corporation, currently there are 191.34M and there is a float of 174.22M. These data mean that of the total of 191.34M shares of MNKD that are out there today, 174.22M are able to trade hands in the public space.

I also find it important to take a look at the short percent. After all, if a large percentage of the float available for trading is sold short, the overall opinion in the market is that the stock is going to lose value. As far as MNKD, the short percentage of the float is currently 19.53%. Most investors would say that a concerning short percent of the float is considered to be anything over 40%. Nonetheless, I have seen that a short percent of the float over 26% is likely a a play that could prove to be very risky.

Financial Performance

What have ween seen from MNKD in terms of financial results?Here’s what you need to know:

  • Analyst Expectations – As it stands at the moment, analysts are expecting that MannKind Corporation will come up with earnings per diluted share that comes to -0.13, with -0.10 being reported in the earnings announcement for the current quarter. Although this information is not tide to earnings, since we are talking about analysts, MNKD is currently graded as a 1.50 when rated on a scale from 1 to 5 where 1 is the worst possible analyst rating and 5 is the best possible rating.
  • 5-Year Sales – In the last half decade, MannKind Corporation has announced a change in sales volume that comes to a total of 0. Earnings over the period have generated movement in the amount of 28.40%.
  • Q/Q – In terms of quarter over quarter earnings performance, or Q/Q data as it is often represented in today’s society, the company has seen a change in earnings that comes to a total of 78.50%. MNKD has also moved the needle with regard to revenue that amounts to 255.60%.

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