NasdaqGM:MNKDBiotechs
MannKind (MNKD) Margin Surge Reinforces Bullish Sentiment Despite Valuation and Financial Strength Concerns
MannKind (MNKD) posted standout earnings results, with profits surging at an average annual rate of 47.9% over the last five years and rocketing 179.4% higher in the most recent year. Net profit margins rose to 10.9% from 4.7% previously. Revenue growth is projected at 10.2% per year, just shy of the US market’s 10.5% average. Investors now face a mix of high expectations and a stretched valuation as earnings growth far outpaces broader market trends. MannKind’s price-to-earnings ratio of...