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MNKDMannKind CorporationSell6.3·$4.12-3.29%
SellModerate Confidence
Investment thesis

MNKD clears the V9 momentum and asymmetry gates in a post-death-cross recovery with FCF-positive economics, but three consecutive earnings misses, overbought momentum, and a fresh negative news modifier temper conviction.

Thesis pillars

  • Fcf Positive Despite Gaap LossStable
  • High Asymmetry Recovery SetupStable
  • Consecutive Earnings MissesDeteriorating
  • +2 more pillars — see the Why tab for full reasoning

Full reasoning →

Open full analysis

MannKind Corporation (MNKD) Stock Analysis

Recovery setup · Inst Constrain edge

SellGrowthModerate Confidence

Healthcare · Biotechnology

Sell if holding. Engine safety override at $4.12: Risk below floor (3.0 < 3.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.3/10 and A.R:R 5.3:1 is above the 1.5:1 BUY gate. Specifically: Elevated put/call ratio: 2.40; Below long-term trend.

MannKind Corporation markets Afrezza inhaled insulin and manufactures Tyvaso DPI for pulmonary arterial hypertension on behalf of partner United Therapeutics, alongside the V-Go insulin patch and Furoscix infusor, following its October 2025 acquisition of scPharma. The company... Read more

$4.12+67.1% A.UpsideScore 6.3/10#26 of 254 Biotechnology
QualityF-score8 / 9FCF yield3.02%
Stop $3.86Target $6.93(analyst − 13%)A.R:R 5.3:1
Analyst target$7.97+93.4%8 analysts
$6.93our TP
$4.12price
$7.97mean
$13

Sell if holding. Engine safety override at $4.12: Risk below floor (3.0 < 3.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.3/10 and A.R:R 5.3:1 is above the 1.5:1 BUY gate. Specifically: Elevated put/call ratio: 2.40; Below long-term trend. Chart setup: Death cross but MACD improving, RSI 59. Score 6.3/10, moderate confidence.

Passes 8/9 gates (positive momentum, favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity 74d clear, semi cycle peak clear, materials cycle peak clear). Suitability: speculative.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-08-23
TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Wed, Nov 4, 202674d to earnings· next earnings call

Thesis

Rewards
No bull case signals
Risks
Concentration risk — Supplier: Amphastar (sole insulin supplier for Afrezza)
Risk below floor (3.0 < 3.0)

Key Metrics

P/E (TTM)
P/E (Fwd)32.5
Mkt Cap$1.3B
EV/EBITDA58.9
Profit Mgn-11.1%
ROE
Rev Growth42.9%
Beta1.10
DividendNone
Rating analysts14

Quality Signals

Piotroski F8/9MoatNarrow

Options Flow

P/C2.40bearish
IV73%elevated

Concentration Risks(10-K Item 1A)

  • HIGHSupplierAmphastar (sole insulin supplier for Afrezza)
    10-K Item 1: 'Currently, the only source of insulin that we have qualified for Afrezza is manufactured by Amphastar France Pharmaceuticals S.A.S. (“Amphastar”).'
  • MEDIUMcounterpartyUnited Therapeutics (Tyvaso DPI commercialization)
    10-K Item 1A: 'A significant portion of our revenue is derived from royalties and collaboration and services revenue associated with United Therapeutics’ commercialization of Tyvaso DPI.'

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

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Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

2 floor-breakers·1 ceiling hit

Technicals below the gate floor. Component breakdown shows what dragged the score down.static

Bollinger
2.4
52w Position
2.7
Support Resistance
3.2

No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static

Earnings History
0.0
Surprise Avg
0.0
Erm
5.0
Earnings Timing
5.0
News Activity
5.0
Earnings concerns: 1B/3M
GatesDeath cross (50MA < 200MA)Momentum 5.8>=5.5A.R:R 5.3 ≥ 1.5Insider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 74d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARRecoverySuitability: Speculative
RSI
59 · Neutral
20D MA 50D MA 200D MADEATH CROSSSupport $3.63Resistance $4.40

Price Targets

$4
$7
A.Upside+67.1%
A.R:R5.3:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Risk below floor (3.0 < 3.0)

Earnings

B
M
M
M
1/4 beats
Next Earnings2026-11-04 (74d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is MNKD stock a buy right now?

Sell if holding. Engine safety override at $4.12: Risk below floor (3.0 < 3.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.3/10 and A.R:R 5.3:1 is above the 1.5:1 BUY gate. Specifically: Elevated put/call ratio: 2.40; Below long-term trend. Chart setup: Death cross but MACD improving, RSI 59. Prior stop was $3.86. Score 6.3/10, moderate confidence.

What is the MNKD stock price target?

Take-profit target: $6.93 (+67.1% upside). Prior stop was $3.86. Stop-loss: $3.86.

What are the risks of investing in MNKD?

Concentration risk — Supplier: Amphastar (sole insulin supplier for Afrezza); Risk below floor (3.0 < 3.0).

Is MNKD overvalued or undervalued?

MannKind Corporation trades at a P/E of N/A (forward 32.5). TrendMatrix value score: 7.7/10. Verdict: Sell.

What do analysts say about MNKD?

14 analysts cover MNKD with a consensus score of 4.1/5. Average price target: $8.

What does MannKind Corporation do?MannKind Corporation markets Afrezza inhaled insulin and manufactures Tyvaso DPI for pulmonary arterial hypertension on...

MannKind Corporation markets Afrezza inhaled insulin and manufactures Tyvaso DPI for pulmonary arterial hypertension on behalf of partner United Therapeutics, alongside the V-Go insulin patch and Furoscix infusor, following its October 2025 acquisition of scPharma. The company depends on a single qualified insulin supplier, Amphastar, under a €120.1 million purchase commitment, and on United Therapeutics' continued commercial prioritization of Tyvaso DPI.

Related stocks: AUPH (Aurinia Pharmaceuticals Inc) · HRMY (Harmony Biosciences Holdings, I) · ZVRA (Zevra Therapeutics, Inc.) · CRMD (CorMedix Inc.) · MGTX (MeiraGTx Holdings plc)
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