MannKind Corporation (NASDAQ:MNKD) Looks Just Right With A 53% Price Jump
MannKind Corporation (NASDAQ:MNKD) shareholders would be excited to see that the share price has had a great month, posting a 53% gain and recovering from prior weakness. But the gains over the last month weren’t enough to make shareholders whole, as the share price is still down 5.6% in the last twelve months.
Since its price has surged higher, given close to half the companies in the United States have price-to-earnings ratios (or “P/E’s”) below 19x, you may consider MannKind as a stock to avoid entirely with its 53.7x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/E.
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