|Bid||1.4900 x 4000|
|Ask||1.5100 x 3100|
|Day's Range||1.4800 - 1.5404|
|52 Week Range||0.8000 - 1.8800|
|Beta (5Y Monthly)||2.16|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 06, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.00|
It has been a rough five years for investors of diabetes-focused biotech MannKind (MNKD). Over the period, shares of the company have declined by 94%. However, according to H.C. Wainwright analyst Oren Livnat, there might be a two-pronged opportunity on the horizon.MNKD has one FDA-approved treatment on the market, Afrezza. The device consists of a dry powder formulation of human insulin that is delivered through a portable inhaler.Afrezza brought in sales of $8 million in the first quarter, up 58% year-over-year. The higher revenue drove a 263% gain in gross profit, with the figure increasing from $1.1 million in the prior-year quarter to $3.8 million.Although the analyst projects “a sequential 2Q Afrezza volume and revenue decline,” with sales reps back in action and new hub-services brought into play in 3Q, sales should pick up again in 2H20.That being said, Livnat believes MannKind has another opportunity that could “ultimately supplant Afrezza as the main MannKind value-driver.” The company has a partnership with United Therapeutics, with the two working together on TreT, a dry powder formulation of Treprostinil.United is working with MannKind’s validated DPI (dry powder inhaler) platform to develop a next generation of Tyvaso, the company’s inhalable treprostinil solution for pulmonary arterial hypertension. The drug is currently bringing in more than $400 million in annual sales. It should be noted that United currently has two clinical studies in progress which were suspended due to COVID-19, but they are still expected to be completed by the end of the year. Should the studies prove successful, an NDA could be filed at the start of 2021.Livnat says United has expressed “blockbuster aspirations” for the drug, and noted, “We believe TreT would be a far superior delivery system than Tyvaso, and potentially capably of tolerably dosing significantly higher. MannKind expects to receive another $25 million milestones from United this year, and could potentially receive double-digit royalties.”Accordingly, Livnat keeps a Buy rating on MannKind and has a $2.50 price target in mind. Investors stand to pocket a 97% gain over the next 12 months should his thesis play out. (To watch Livnat’s track record, click here)Only 2 other analysts have reviewed MannKind’s prospects over the past three months, both recommending a Buy. Therefore, MannKind has a Strong Buy consensus rating. The average price target lands at $2.67 and implies possible upside of a hefty 114%. (See Mannkind stock analysis on TipRanks)To find good ideas for healthcare stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. More recent articles from Smarter Analyst: * ‘Holy Cow’ Exclaims Analyst On Tractor Supply’s Record Guidance; Shares Surge 9% * Amazon Is Said To Be In Talks To Buy Driverless Vehicle Startup Zoox * Autodesk Earnings: Here’s What To Expect Today * Tilray To Shut Ontario Cannabis Greenhouse In Money-Saving Move
MannKind (MNKD) delivered earnings and revenue surprises of 50.00% and 7.16%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Conference Call to Begin Today at 5:00 PM ET 1Q 2020 Afrezza Net Revenue of $8.0 million; +58% vs. 1Q 20191Q 2020 Afrezza gross profit 48% vs. 21% in 1Q 2019Non-GAAP Net Cash.
MannKind Corporation (MNKD) will release its 2020 first quarter financial results and its management will host a conference call to discuss the financial results and corporate updates at 5:00 PM (Eastern Time) on Wednesday, May 6, 2020. Presenting from the Company will be its Chief Executive Officer, Michael Castagna and Chief Financial Officer, Steven Binder. A replay will also be available on MannKind's website for 14 days.
MannKind (MNKD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MannKind Corporation (MNKD) today announced that it received a loan of approximately $4.9 million from JPMorgan Chase Bank, N.A., as lender, pursuant to the Paycheck Protection Program (“PPP”) of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) on April 10, 2020. The PPP loan matures on April 9, 2022 and bears interest at a rate of 0.98% per annum. The PPP loan may be prepaid by MannKind at any time prior to maturity with no prepayment penalties.
Buckle up, we’re in for a bumpy ride. The number of new coronavirus (COVID-19) cases continues to surge, and as such, the market’s volatility has persisted. Following up the drop on March 27, stocks started off the week by gaining on the lockdown extension in the U.S. While the movements in yesterday’s session were less extreme than we’ve become accustomed to seeing, it remains unclear when the market will hit bottom.Against this backdrop, it’s easy to understand why some investors have been sent running for the hills. However, thrill-seeking Wall Street observers see exciting opportunities as the market whipsaws. To find names that can deliver solid returns and now come with a bargain price tag, these investors will often turn to penny stocks, or those trading for less than $5 per share.Sure, there could be a very good reason these tickers are so affordable, but should there be even minor share price appreciation, massive percentage gains could materialize, along with hefty profits for investors.Bearing this in mind, we pulled up the database from TipRanks to find three penny stocks the analysts believe look compelling despite the risk involved. Not to mention the platform revealed that each of these Buy-rated names could see upside growth landing in the triple digits.MannKind Corporation (MNKD)Over the past three decades, MannKind has been developing therapeutic products and technologies to improve the lives of patients all over the world. Like the broader market, 2020 has not been kind to this company, but at $1.04, several analysts argue that now is the time to snap up shares.Part of the excitement surrounding this healthcare name came after it announced on March 17 that it’s taking on COVID-19. According to management, the company will shift the focus of its R&D pipeline to new compounds that could reduce the morbidity and mortality caused by respiratory viral infections like COVID-19. In a collaboration with Immix Biopharma, MNKD will design a dry powder formulation of a compound to treat one of the complications of COVID-19, acute respiratory distress syndrome. Right now, the priority is to develop a proof of concept, and after, it will be evaluated to see if it’s an effective treatment.On top of this, Cantor Fitzgerald’s Brandon Folkes notes, “MNKD continues to have excess manufacturing capacity which it can leverage to assist other companies in meeting any increased demand due to the outbreak.”As a result, the analyst maintained both his Overweight call and $3 price target. Should the target be met, shares stand to soar 178% in the next year. (To watch Folkes’ track record, click here)As for its currently available products, Afrezza has generated impressive sales. During the fourth quarter, net sales grew 36% quarter-over-quarter to reach $7.8 million. Adding to the good news, the company guided for stable or even improved gross-to-nets in 2020. Weighing in for H.C. Wainwright, analyst Oren Livnat states management’s outlook “gives us confidence in the underlying translation of Rx growth to sales growth going forward, and the latest prescription trends show over 30% year-over-year insulin-unit-based growth despite fewer free scripts.”Livnat adds, “Separately, there is increasing investor interest in TreT-- Technosphere treprostinil--partnered with United Therapeutics...Assuming positive progress, it should bring in another $25 million in 2020 milestones, bringing total payments from United to about $100 million. MannKind would get double-digit royalties on this next generation version of United’s Tyvaso, which is running at about $450 million sales now.”It should come as no surprise, then, that Livnat reiterated his bullish call and $2.50 price target. (To watch Livnat’s track record, click here)Overall, with 100% Street support, the consensus is unanimous: MNKD is a Strong Buy. Additionally, the $2.67 average price target puts the upside potential at 157%. (See MannKind stock analysis on TipRanks)EyePoint Pharmaceuticals (EYPT)This biopharma company is committed to developing products for patients suffering from serious eye disorders. As each share is currently going for $1.02, EyePoint’s price tag could present investors with an attractive entry point.Following its fourth quarter earnings release, this is the stance taken by Guggenheim analyst Dana Flanders. Net sales of $8.6 million, which came in above his prediction, were fueled by strong demand for Dexycu and Yutiq as they’ve seen momentum continue to accelerate.Flanders commented, “Notably, we are encouraged by strong underlying demand for Dexycu and Yutiq, for which EYPT reported increases of 111% and 59%, respectively, compared to 3Q19...While we believe the increase in repeat order volumes shows solid adoption, we see room for further continued growth opportunities to expand Dexycu into new accounts where the company is actively negotiating agreements with additional GPOs while Yutiq still has ample runway to expand (58% of target account list unpenetrated).”It should also be noted that back in February, EYPT signed an exclusive license agreement with Equinox Science to develop an anti-VEGF TKI (Vorolanib) that uses EYPT’s Durasert sustained release technology for the treatment of wet age-related macular degeneration (AMD), diabetic retinopathy (DR) and retinal vein occlusion (RVO). The candidate, EYP-1901, could improve the safety profile for Vorolanib. While Flanders doesn’t factor EYP-1901 into his model as it’s still in the early stages of development, he thinks it reflects a “compelling long-term opportunity."Expounding on this, he said, “Although there are multiple long-acting agents in development, wet AMD is a multi-billion dollar market (Lucentis, Eylea, etc.), and we view Phase 1 data as an important catalyst for EYPT shares.”Based on all of the above, Flanders stayed with the bulls. Along with his Buy recommendation, he left the $4 price target unchanged, implying 296% upside potential. (To watch Flanders’ track record, click here)What does the rest of the Street have to say? Out of 4 recent reviews, 3 were bullish, making the consensus rating a Strong Buy. At $4.33, the average price target is more aggressive than Flanders’ and brings the upside potential to 329%. (See EyePoint stock analysis on TipRanks)iAnthus Capital Holdings (ITHUF)Switching gears now, iAnthus inhabits the cannabis space and has created several cannabis brands as well as a network of cannabis operations. With the broader market’s sell-off pushing shares down to $0.56 apiece, some members of the Street believe there’s a unique opportunity to get in on the action.Ahead of its upcoming fourth quarter earnings release, the future looks bright if you ask Stifel analyst Robert Fagan. Thanks to three new store openings in Florida, which could have led to gross margin expansion in Q4, sales are expected to hit $27 million, representing a 20% quarter-over-quarter gain.As for profitability, the result stands to be even better. Despite the fact that lower overall market growth in Nevada and New York and the slight network expansion delay in Florida and Massachusetts could weigh down 2020 sales, Fagan has high hopes when it comes to the bottom-line number. While Q4 EBITDA is slated to come in at a loss of $3 million, this is up from -$4 million in Q3 and higher than the Street’s -$6 million call.With respect to 2021 sales, Fagan thinks the figure will land at $376 million, which if achieved, puts year-over-year growth at 70%. This in tandem with increasing operating leverage from the expanded scale should result in EBITDA of $114 million on margins of 30%, a year-over-year boost of 800 basis points.The source of these potential wins? Fagan notes, “We expect ITHUF to continue to invest in Florida, given its solid 4% market share, and steady stream of new store openings over the past year (~1/month), a trend we believe will continue. In Massachusetts, we expect ITHUF’s two production facilities and two REC stores to be fully operational in 2021, enabling good market share capture and growth.” The analyst also mentions that its first mover advantage in New Jersey bodes well for the cannabis company.Fagan concludes, “We note its gross margin profile is already in line with its larger peers, presenting a possible quick path forward toward profitability upon realization of higher volumes.”It makes sense, then, that Fagan kept a Buy rating on the stock. However, he did drop the price target to $2.47, but this still leaves room for a 340% twelve-month rise. (To watch Fagan’s track record, click here)Looking at the consensus breakdown, 2 Buys and 1 Hold published in the last three months add up to a Moderate Buy Street consensus. Based on the $1.96 average price target, shares could skyrocket 266% in the next twelve months. (See iAnthus stock analysis on TipRanks)To find good ideas for penny stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
MannKind Corporation (MNKD) today announced that Jennifer Grancio has been appointed to its Board of Directors, effective March 23, 2020. Ms. Grancio will also serve as a member of the Audit Committee of the Board. Ms. Grancio brings to MannKind over twenty years of financial services experience and an expertise in creating disruptive business models.
MannKind Corporation (MNKD), a company focused on the development and commercialization of inhaled therapeutic products, today announced that it is adjusting research and development resources that were reserved for its pipeline of investigational products for treating serious lung diseases, with the goal of prioritizing work on new compounds that may have the potential to address the morbidity and mortality associated with respiratory viral infections, such as COVID-19. Specifically, MannKind has initiated a collaboration with Immix Biopharma, Inc. to prepare a dry powder formulation of a compound with the potential to treat acute respiratory distress syndrome, a complication of COVID-19. MannKind is committed to joining the global effort to overcome the COVID-19 crisis.
2019 Total Revenue of $63.0 million ° 2019 Afrezza Net Revenue of $25.3 million; +46% vs. 2018° 2019 Collaborations and Services Revenue of $37.7 million; +257%.
MannKind Corporation (MNKD), a company focused on the development and commercialization of inhaled therapeutic products for patients with diseases such as diabetes and pulmonary arterial hypertension, announced today that it will be featured as a presenting company at the 9th Annual SVB Leerink Global Healthcare Conference on Thursday, February 27, 2020 at 9:30 am (ET) at the Lotte New York Palace Hotel in New York, NY. Presenting from the Company will be its Chief Executive Officer, Michael Castagna, PharmD. Interested parties can access a link to the live webcast of the presentation from the News & Events section of the Company's website at http://www.mannkindcorp.com.
WESTLAKE VILLAGE, Calif., Feb. 20, 2020 -- MannKind Corporation (NASDAQ: MNKD) today announced the presentation of results from multiple clinical studies of Afrezza® (insulin.
MannKind Corporation (MNKD) will release its 2019 fourth quarter and full year financial results and its management will host a conference call to discuss the financial results and corporate updates at 9:00 AM (Eastern Time) on Tuesday, February 25, 2020. Presenting from the Company will be its Chief Executive Officer, Michael Castagna and Chief Financial Officer, Steven Binder. A replay will also be available on MannKind's website for 14 days.
In 2017 Michael Castagna was appointed CEO of MannKind Corporation (NASDAQ:MNKD). This analysis aims first to contrast...
If you’re on a budget, yet in a risk-tolerant mood, it’s worth taking a look at penny stocks – companies whose shares sell for less than $5 apiece. Here you get a lot more for your money; For example, buying a single share of Amazon will set you back $1,865, but if you wanted to spend the equivalent amount on a stock worth $3, you could load up on 621 shares of company x.Is it worth it though? Of course, the risk is a lot higher and there’s a chance you could lose the whole investment. Some might not even call it an investment, but rather a speculative shot at massive gains. Still, the possibility of returns is real. While the low price is a put off for some, it could also mean that company x is significantly undervalued and poised to reward the intrepid investor with mighty returns in the future. Like anything else, it’s picking the right one that’s the hard part.Here’s where we call on the pros. TipRanks’ Stock Screener tool was able to filter through thousands of stocks to identify those not only trading under $3 a piece, but also ones which have been making waves on the Street as of late. We found three, that according to the analysts, all show promising signs of making their way out of the penny stocks category and into larger cap territory soon enough. On top of this, each has enormous room for growth, and furthermore, all presently have a “Strong Buy” consensus rating from the Street. Here’s the lowdown.MannKind Corporation (MNKD)Let’s start off with the cheapest stock on our list, MannKind Corporation. Shares of the small-cap biotech are currently selling for $1.51. The diabetes-focused company has a market cap of $312 million, but looking back to the mid 2010’s, MannKind was worth almost $4 billion. So, what happened since then?Bad financial practices combined with underwhelming sales have seen the company lose favor with investors. However, according to Oppenheimer’s Steven Lichtman, MannKind has been steering itself to safety over the last couple of years.Lichtman initiated coverage of MannKind with an Outperform rating and set a price target of $2.50. The figure suggests a possible gain of 66% over the coming months. (To watch Lichtman’s track record, click here)MNKD has one approved FDA treatment on the market: Afrezza. It’s a device which consists of a dry powder formulation of human insulin that is delivered through a portable inhaler. The superfast mealtime insulin’s goal is to improve post-meal glucose control without increasing the risk of hypoglycemia. Although it’s popular with the few who use it, part of its problem has been the lack of insurance for its users. The company has been working with payers and, additionally, new data has helped prescription growth. According to Lichtman, shifting mealtime insulin users away from “tough competitors" towards Afrezza remains key for its success.Lichtman said, “MNKD management has taken steps over the past couple of years to accelerate Afrezza (insulin delivery) sales and diversify using its core Technosphere drug delivery platform. Successes have included continued solid data behind Afrezza and a new partnership with United Therapeutics (UTHR) using Technosphere in UTHR's PAH drugs... While we have not yet seen an inflection in new prescriptions, prescriptions have been steadily increasing, the pipeline around MNKD’s core Technosphere technology has increased and the company's efforts to restructure cash commitments have improved the risk/reward on the shares, in our view.”The Street is currently quiet when it comes to MNKD’s prospects. Those that have been taking note, though, remain bullish on its future. 3 Buy ratings add up to a Strong Buy consensus rating. The average price target is identical to Lichtman’s, $2.50, and therefore also indicates upside potential of 66%. (See MannKind stock analysis on TipRanks) Soleno Therapeutics Inc. (SLNO)This rare disease-focused biopharma had an excellent 2019, adding 72% to its share price along the way. It still only has a $2.85 price per share and market cap of $127 million, but if the analysts on the Street have their way, Soleno will continue its upward trend in 2020 and most likely won’t remain a micro-cap for long.Soleno is currently concentrating on its lead product candidate, DCCR (diazoxide choline controlled-release), a tablet for the treatment of PWS (Prader-Willi Syndrome). The disease is a rare genetic disorder which can cause a wide range of physical symptoms, learning difficulties and behavioral problems. It can also bring on an excessive appetite which can lead to obesity.Oppenheimer’s Leland Gershall believes Soleno has a lot more left in the tank following its rise last year. The 5-star analyst recently initiated coverage on the biopharma with an Outperform rating and set a price target of $10. Should the target be met, investors could pocket gains of 251% in the year ahead. (To watch Gershell’s track record, click here)Leland noted, “DCCR has demonstrated clinical proof-of-concept in PWS, and active ingredient has a long record of human safety. A Phase 3 registration trial will report top-line results in 1H20, for which KOLs are favorable. While the PWS category features several late-stage candidates, our physician consultants regard their distinct mechanisms and delivery formats as providing ample opportunity for each. With just a $65 million enterprise value, we like the risk-reward and recommend building a position ahead of the Phase 3 reveal.”In a similar vein to MannKind, Soleno has three analysts currently tracking its progress, and all are resoundingly effusive. A Strong Buy consensus rating breaks down into Buys only. Upside of 216% could be in the cards should Soleno reach the average price target of $9 over the next 12 months. (See Soleno stock analysis on TipRanks) Marinus Pharmaceuticals, Inc. (MRNS)Marinus is another company with a singular focus and bargain price tag, $2.26 to be exact. The biotech currently has one clinical stage candidate, ganaxolone (GNX), a neuropsychiatric therapy with various indications including epilepsy and other drug resistant neuropsychiatric disorders.In December, the company announced updates from its programs in tuberous sclerosis complex, or TSC, CDKL5 deficiency disorder, or CDD, and PCDH19-related epilepsy. Highlights included data from the PCDH19-related epilepsy Phase 2 trial which showed patients with low levels of allopregnanolone-sulfate (Allo-S) exhibited improved ganaxolone responses. Following the data readout, Marinus performed a biomarker analysis to identify other rare genetic epilepsies that may benefit from the GABAA-receptor modulatory effects of ganaxolone and as a result, announced TSC as the next planned orphan epilepsy program to study the effect of the drug on seizures. Additionally, the company revealed it was granted orphan drug designation by the European Medicines Agency (EMA) for ganaxolone for the treatment of CDD.Oppenheimer’s Jay Olson likes ganaxolone’s clinical data and believes Marinus’ “focused approach” will pay off, calling MRNS a “leader in orphan epileptic disorders.” Olson said, “We are confident in GNX IV development for acute RSE following impressive Phase 2 data with a pivotal Phase 3 trial being planned, in addition to chronic treatment of rare genetic epilepsies currently in pivotal Phase 3 trials with potential for biomarker enrichment. PPD adds potential optionality. We estimate peak revenues of $1.1 billion in 2030.”Therefore, Olson started coverage of MRNS with an Outperform rating and set a price target of $6. What does this indicate, then? Potential upside of an impressive 165%, should the target be met over the coming year. (To watch Olson’s track record, click here)Following the pattern to a T, Marinus receives a Strong Buy consensus rating from the Street consisting of 3 Buy ratings. The average price target comes in at $5.67 and implies potential gains of a considerable 151%. (See Marinus stock-price forecast on TipRanks)
Given how things are shaping up for MannKind (MNKD) as we begin 2020, it is once again my Top Pick for speculative investors in the coming year, suggests Nate Pile, editor of Nate's Notes.
MannKind Corporation (MNKD) announced today that its Brazilian partner, Biomm S.A., has received written notice from the Chamber of Regulation of the Medicines Market (CMED) approving the proposed price of Afrezza in Brazil. Biomm intends to commence marketing and distributing Afrezza throughout Brazil, beginning the week of January 13, 2020. Available by prescription, Afrezza® (insulin human) Inhalation Powder is a rapid-acting inhaled insulin indicated to improve glycemic control in adult patients with diabetes mellitus.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]
WESTLAKE VILLAGE, Calif., Dec. 20, 2019 -- MannKind Corporation (NASDAQ: MNKD) announced today that Hypoglycemia is reduced with use of inhaled Technosphere® Insulin relative.
MannKind Corporation (MNKD), a company focused on the development and commercialization of inhaled therapeutic products for patients with diseases such as diabetes and pulmonary arterial hypertension, announced today that it will be featured as a presenting company at the Piper Jaffray 31st Annual Healthcare Conference on Tuesday, December 3, 2019 at 3:30 p.m. (ET) at the Lotte New York Palace in New York City. Presenting from the Company will be its Chief Executive Officer, Michael Castagna. Interested parties can access a link to the live webcast of the presentation from the News & Events section of the Company's website at http://www.mannkindcorp.com.
MannKind Corporation (MNKD) today announced that Anthony Hooper will join its Board of Directors, effective January 1, 2020. Mr. Hooper will also serve as a member of the Audit Committee of the Board. Mr. Hooper brings 35 years of experience in the pharmaceutical industry to the MannKind Board of Directors.