Mannkind Corp Stock Probability of Future Stock Price Finishing Under 4.93
| MNKD Stock | USD 6.78 0.17 2.57% |
MannKind |
MannKind Corp Target Price Odds to finish below 4.93
The tendency of MannKind Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 4.93 or more in 90 days |
| 6.78 | 90 days | 4.93 | near 1 |
Based on a normal probability distribution, the odds of MannKind Corp to drop to $ 4.93 or more in 90 days from now is near 1 (This MannKind Corp probability density function shows the probability of MannKind Stock to fall within a particular range of prices over 90 days) . Probability of MannKind Corp price to stay between $ 4.93 and its current price of $6.78 at the end of the 90-day period is about 70.0 .
Given the investment horizon of 90 days MannKind Corp has a beta of 0.81. This indicates as returns on the market go up, MannKind Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding MannKind Corp will be expected to be much smaller as well. Additionally MannKind Corp has an alpha of 0.2323, implying that it can generate a 0.23 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). MannKind Corp Price Density |
| Price |
Predictive Modules for MannKind Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MannKind Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.MannKind Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MannKind Corp is not an exception. The market had few large corrections towards the MannKind Corp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold MannKind Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MannKind Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.23 | |
β | Beta against Dow Jones | 0.81 | |
σ | Overall volatility | 0.40 | |
Ir | Information ratio | 0.09 |
MannKind Corp Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of MannKind Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MannKind Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| MannKind Corp has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 198.96 M. Net Loss for the year was (11.94 M) with profit before overhead, payroll, taxes, and interest of 42.27 M. | |
| MannKind Corp has a frail financial position based on the latest SEC disclosures | |
| About 57.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: MannKind director Steven Binder sells 465k in stock |
MannKind Corp Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of MannKind Stock often depends not only on the future outlook of the current and potential MannKind Corp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. MannKind Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 267 M | |
| Cash And Short Term Investments | 295.1 M |
MannKind Corp Technical Analysis
MannKind Corp's future price can be derived by breaking down and analyzing its technical indicators over time. MannKind Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MannKind Corp. In general, you should focus on analyzing MannKind Stock price patterns and their correlations with different microeconomic environments and drivers.
MannKind Corp Predictive Forecast Models
MannKind Corp's time-series forecasting models is one of many MannKind Corp's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary MannKind Corp's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about MannKind Corp
Checking the ongoing alerts about MannKind Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MannKind Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| MannKind Corp has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 198.96 M. Net Loss for the year was (11.94 M) with profit before overhead, payroll, taxes, and interest of 42.27 M. | |
| MannKind Corp has a frail financial position based on the latest SEC disclosures | |
| About 57.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: MannKind director Steven Binder sells 465k in stock |
Check out MannKind Corp Backtesting, MannKind Corp Valuation, MannKind Corp Correlation, MannKind Corp Hype Analysis, MannKind Corp Volatility, MannKind Corp History as well as MannKind Corp Performance. For information on how to trade MannKind Stock refer to our How to Trade MannKind Stock guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Biotechnology space 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.
Quarterly Earnings Growth 5.246 | Earnings Share 0.08 | Revenue Per Share 0.982 | Quarterly Revenue Growth 0.367 | Return On Assets 0.0912 |
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.