Medicenna Therapeutics Corp (TSE:MDNA)
TSX:MDNA
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Medicenna Therapeutics Corp
(TSX:MDNA)
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Rating:42Neutral
Price Target:
C$0.57
▼(-34.19% Downside)
Action:Reiterated
Date:04/17/26
The score is primarily constrained by weak financial performance (persistent losses, negative free cash flow, and shrinking equity/assets indicating ongoing funding/dilution risk). Technicals also weigh on the rating with a clear downtrend and negative MACD, while valuation offers limited support due to negative earnings and no dividend yield.
Positive Factors
Low leverage
Very low reported debt materially reduces financing risk and interest burden for a clinical-stage biotech. This structural strength gives management flexibility to time fundraising, prioritize R&D, and withstand development cycles without immediate solvency threats, aiding multi-quarter execution.
Negative Factors
Persistently negative cash flow
Sustained negative operating and free cash flow denotes an ongoing burn profile that will require external financing. Over multiple quarters this elevates dilution risk, forces management to prioritize funding milestones over long-term R&D breadth, and constrains the company's ability to self-fund development programs.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low reported debt materially reduces financing risk and interest burden for a clinical-stage biotech. This structural strength gives management flexibility to time fundraising, prioritize R&D, and withstand development cycles without immediate solvency threats, aiding multi-quarter execution.
Read all positive factors
Medicenna Therapeutics Corp (MDNA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$29.56M
Dividend YieldN/A
Average Volume (3M)30.62K
Price to Earnings (P/E)―
Beta (1Y)1.56
Revenue GrowthN/A
EPS Growth57.98%
CountryCA
Employees16
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-0.15
Shares Outstanding68,737,340
10 Day Avg. Volume37,956
30 Day Avg. Volume30,624
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)3.93
Price to Sales (P/S)0.00
P/FCF Ratio-4.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.35
Revenue Forecast (FY)C$895.83K
Medicenna Therapeutics Corp Business Overview & Revenue Model
Company Description
Medicenna Therapeutics Corp. is an immunotherapy firm focused on creating and commercializing Superkines and "empowered Superkines" to combat cancer and various other illnesses. Their primary candidate, MDNA55, an interleukin-4 (IL-4) empowered cy...
How the Company Makes Money
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Medicenna Therapeutics Corp Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -58.00K | -55.00K | -5.00K | -38.00K | -40.00K | ― |
| EBITDA | -21.65M | -12.97M | -18.67M | -22.54M | -17.25M | -8.27M |
| Net Income | -12.99M | -11.80M | -25.47M | -22.65M | -17.18M | -8.31M |
Balance Sheet | ||||||
| Total Assets | 13.06M | 28.38M | 19.13M | 23.46M | 42.25M | 38.00M |
| Cash, Cash Equivalents and Short-Term Investments | 10.61M | 24.84M | 16.98M | 20.54M | 40.38M | 37.70M |
| Total Debt | 205.00K | 168.00K | 0.00 | 0.00 | 34.00K | 67.31K |
| Total Liabilities | 6.85M | 9.29M | 13.94M | 2.62M | 4.11M | 1.85M |
| Stockholders Equity | 6.21M | 19.09M | 5.19M | 20.84M | 38.15M | 36.15M |
Cash Flow | ||||||
| Free Cash Flow | -18.44M | -16.52M | -16.26M | -23.58M | -15.31M | -8.95M |
| Operating Cash Flow | -18.44M | -16.49M | -16.26M | -23.58M | -15.31M | -8.95M |
| Investing Cash Flow | 2.00K | -33.00K | 0.00 | 10.05M | 5.01M | -15.00M |
| Financing Cash Flow | -18.00K | 23.49M | 0.00 | 3.88M | 18.26M | 44.28M |
Medicenna Therapeutics Corp Technical Analysis
Negative
0.86
Price Trends
0.52
Negative
0.65
Negative
0.90
Negative
Market Momentum
-0.03
Negative
39.76
Neutral
41.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MDNA, the sentiment is Negative. The current price of 0.86 is above the 20-day moving average (MA) of 0.43, above the 50-day MA of 0.52, and below the 200-day MA of 0.90, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 39.76 is Neutral, neither overbought nor oversold. The STOCH value of 41.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MDNA.
Medicenna Therapeutics Corp Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | C$59.66M | 38.36 | 3.31% | ― | -3.44% | -57.64% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
47 Neutral | C$169.77M | -1.76 | -51.42% | ― | ― | 6.61% | |
47 Neutral | C$45.52M | -16.27 | 70.15% | ― | ― | 16.99% | |
42 Neutral | C$29.56M | -2.76 | -103.51% | ― | ― | 57.98% |
* Healthcare Sector Average
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Medicenna Therapeutics Corp Corporate Events
Business Operations and StrategyProduct-Related Announcements
Medicenna to Highlight MDNA113 Data at 2026 Bloom Burton Healthcare Investor Conference
Positive
Apr 14, 2026
Medicenna Therapeutics will showcase its latest corporate developments and preclinical data on its MDNA113 bifunctional immunotherapy candidate at the 2026 Bloom Burton Co. Healthcare Investor Conference in Toronto on April 21-22. President and C...
Business Operations and StrategyExecutive/Board Changes
Medicenna Taps Pembrolizumab Veteran as CMO to Steer Superkine Immunotherapy Pipeline
Positive
Apr 9, 2026
Medicenna Therapeutics has appointed veteran oncology drug developer Dr. Nageatte Ibrahim as Chief Medical Officer in a fractional role, drawing on her extensive experience at Innovent Biologics, Merck, GSK, and leading academic institutions to gu...
Business Operations and StrategyProduct-Related Announcements
Medicenna to Showcase First-in-Class Tumor-Targeted PD-1 x IL-2 Superkine at AACR 2026
Positive
Mar 18, 2026
Medicenna Therapeutics will present updated preclinical data at the AACR Annual Meeting 2026 on MDNA113, a first-in-class, tumor-targeted and conditionally activated anti-PD-1-IL-2 bifunctional Superkine designed to anchor in IL-13Rα2-overexp...
Business Operations and Strategy
Medicenna to Spotlight Superkine Oncology Pipeline at Global Investor and Scientific Conferences
Positive
Feb 18, 2026
Medicenna Therapeutics will spotlight its Superkine-based immunotherapy programs at a series of upcoming industry and investor conferences across the U.S. and Europe. The company aims to deepen engagement with scientific, clinical and financial st...
Business Operations and StrategyExecutive/Board Changes
Medicenna Refreshes Board With Capital Markets and Biotech Leadership Expertise
Positive
Feb 13, 2026
Medicenna Therapeutics has reshaped its board of directors by appointing Richard Sutin and Angelos Georgakis, effective February 12, 2026, while longtime director Karen Dawes retires from the board and transitions to a consulting role. The company...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.