MannKind Corp. (NASDAQ:MNKD) [Trend Analysis] has kept up with the changing appetite; stock inched down around -0.75% in early session. MannKind Corporation (MNKD) released that pricing of a registered direct public offering of up to 48,543,692 shares of common stock and warrants to purchase up to an aggregate of 48,543,692 shares of common stock to select institutional investors. Each share of common stock is being sold together with a warrant to purchase 0.75 of a share of common stock (A Warrants) and a warrant to purchase 0.25 of a share of common stock (B Warrants) for a combined purchase price of $1.03.
The A Warrants will be exercisable at a price of $1.50 per share beginning upon issuance and will expire two years thereafter. The B Warrants will be exercisable at a price of $1.50 per share beginning in May 2017 and expire 18 months thereafter. The shares of common stock and the warrants will be immediately separable and will be issued separately. The offering is expected to close on or about May 12, 2016, subject to customary closing conditions.
Moving toward the volatility measures, the price volatility of stock was 6.88% for a week and 9.61% for a month as well as price volatility’s Average True Range for 14 days was 0.15. The beta, which indicates risk in relegation to the market, remained 1.81. The firm’s price to cash ratio remained 9.72. As far as the returns are concern, the return on equity was recorded as 214.40%, while its return on asset stayed at -131.90%.
For current month, 2 analyst from pool recommended for an “overweight” rating, while 1 gave rating of “Buy” and 2 analysts suggest to “Hold” and 3 gave preference to “underweight,” according to research rating by WSJ.
While alarming thing to be notice is price target, the average pool price target for MNKD has been mentioned as; 0.15 tends to high price target, medium level touched to 0.10, and 0.05 was assigned as lowest share price targets. To accommodate all of these, average analyst price target appeared by 0.10, where as the current price is 1.32, as per research conducted by WSJ.
The liquidity measure in recent quarter results of company was recorded 0.30 as current ratio, on the other side the debt to equity ratio was 0.01, and long-term debt to equity ratio remained 0.01. As it gain volume of 3.6 Million shares as compare to its average volume of 5972.83 shares and then traded at $1.32 in last trading session.
MannKind Corp. (NASDAQ:MNKD) is ahead its 52 week low with 105.42%and going down from its 52 week high price with -81.97%. The company’s shares performance for the last one month was 8.20% and -8.97% in the previous week. The stock price of firm is moving down from its 20 days moving average with -14.87% and remote isolated negatively from 50 days moving average with -13.01%.