Analysts’ recommendations and target price
Wall Street analysts expect upside potential of 75.00% for MannKind (MNKD) based on the company’s closing price on March 26. In 2019, analysts have revised downwards the company’s target price from $4.00 in January to $3.50 in February and March. The current consensus analyst recommendation for the stock is a “strong buy.”
Of the two analysts covering MannKind, one analyst is recommending a “strong buy,” and another one is recommending a “buy.”
On March 26, MannKind closed at $2.00, 1.01% higher than its previous closing price, 112.77% higher than its 52-week low of $0.94, and 34.21% lower than its 52-week high of $3.04. The company’s market capitalization is $387.04 million and thus is a small-capitalization stock. The company poses higher risks to retail investors as compared to the broader market or large capitalization stocks.
Based on its closing price on March 26, MannKind has reported returns of -11.11% in the last week, 32.45% in the last month, and 83.49% in the last quarter. The company has reported returns of 14.94% in the last half year, -20.32% in the last year, and 88.68% YTD.
Revenue and EPS estimates
In its fourth quarter, MannKind reported revenues of $16.03 million, a YoY rise of 253.91% but lower than the consensus estimate by $7.47 million. The company reported non-GAAP EPS of -$0.06, which was lower than the consensus estimate by $0.28.
Analysts expect MannKind’s revenues to change YoY by 151.28% to $8.71 million in the first quarter, 322.62% to $16.45 million in the second quarter, 171.36% to $12.13 million in the third quarter, and 197.71% to $47.73 million in the fourth quarter of 2019. Analysts also expect MannKind Corp’s non-GAAP EPS to change YoY by 40.00% to -$0.15 in the first quarter, 28.13% to -$0.12 in the second quarter, 21.88% to -$0.12 in the third quarter, and 183.33% to $0.05 in the fourth quarter of 2019.
Analysts expect MannKind Corp’s revenues to change YoY by 145.94% to $68.52 million in fiscal 2019, 41.81% to $97.16 million in fiscal 2020, and 62.01% to $157.42 million in fiscal 2021. Analysts also expect MannKind’s non-GAAP EPS to change YoY by 48.89% to -$0.31 in fiscal 2019, 23.92% to -$0.23 in fiscal 2020, and 48.57% to -$0.12 in fiscal 2021.