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Mannatech (MTEX) AI Stock Analysis

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MTEX

Mannatech

(NASDAQ:MTEX)

Select Model
Rating:52Neutral
Price Target:$9.00â–²(0.22% Upside)
Action:reiterated
Date:11/13/26

Mannatech's overall score is heavily pressured by severe financial distress, negative cash flow generation, and an unprofitable valuation profile. However, strong technical momentum and a promising board leadership transition suggest market optimism for a turnaround, acting as the primary supportive factors for the stock.

Positive Factors
High Gross MarginsPersistently high gross margins indicate that Mannatech’s products retain substantial economic value after direct costs. If revenue and distribution momentum stabilize, this margin structure could support operating leverage, reinvestment, and improved profitability without requiring major changes to the product model.
Negative Factors
Persistent Revenue DeclineA multi-year revenue contraction points to weakening demand or distribution momentum rather than a temporary quarterly fluctuation. Continued top-line erosion can dilute the benefit of high gross margins, limit operating leverage, and make a durable return to profitability more difficult.

Mannatech (MTEX) vs. SPDR S&P 500 ETF (SPY)

-60%-40%-20%0%20%MTEX-3.85%SPY+14.97%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
$17.33M
Dividend Yield
―
Average Volume (3M)
34.46K
Price to Earnings (P/E)
-2.2
Beta (1Y)
0.71
Revenue Growth
-4.97%
EPS Growth
-91.06%
Country
US
Employees
170
Sector
Consumer Defensive
Sector Strength
62
Industry
Food Distribution

Mannatech Business Overview & Revenue Model

Company Description

Mannatech, Incorporated operates as a global enterprise focused on health and wellness. The company specializes in the creation, marketing, and distribution of a diverse range of products, including dietary supplements, topical skincare and anti-agin...

Mannatech Financial Statement Overview

Summary

Mannatech struggles with multi-year revenue declines, negative cash flows, and a heavily depleted equity base, offset only slightly by narrowed net losses and stable gross margins.

Income Statement

35Negative

Balance Sheet

30Negative

Cash Flow

30Negative
Financial statement breakdown
BreakdownTTMMar 2026Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue103.07M108.04M117.87M131.96M137.21M159.76M
Gross Profit77.98M80.96M91.46M102.86M104.15M125.61M
EBITDA3.68M-1.39M5.55M498.00K1.15M10.61M
Net Income-425.00K-15.21M2.49M-2.24M-4.49M9.84M
Balance Sheet
Total Assets27.90M29.99M36.06M41.21M49.13M59.63M
Cash, Cash Equivalents and Short-Term Investments5.42M6.18M11.40M7.73M13.78M24.18M
Total Debt4.12M7.36M6.69M5.71M6.21M1.83M
Total Liabilities22.70M35.22M27.44M30.72M34.95M35.21M
Stockholders Equity5.20M-5.22M8.61M10.48M14.18M24.41M
Cash Flow
Free Cash Flow-378.00K-4.32M1.96M-3.12M-3.66M10.12M
Operating Cash Flow-204.00K-2.96M2.26M-2.37M-2.60M10.77M
Investing Cash Flow-444.00K-1.35M-285.00K-747.00K-1.06M-650.00K
Financing Cash Flow-288.00K-561.00K1.96M-1.90M-4.33M-9.29M

Mannatech Technical Analysis

Technical Analysis SentimentPositive
Last Price8.98

Price Trends

50DMA8.02Positive
100DMA6.70Positive
200DMA6.32Positive

Market Momentum

MACD0.25Negative
RSI59.36Neutral
STOCH72.75Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MTEX, the sentiment is Positive. The current price of 8.98 is above the 20-day moving average (MA) of 8.44, above the 50-day MA of 8.02, and above the 200-day MA of 6.32, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 59.36 is Neutral, neither overbought nor oversold. The STOCH value of 72.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MTEX.

Mannatech Risk Analysis

Mannatech disclosed 41 risk factors in its most recent earnings report. Mannatech reported the most risks in the "Finance & Corporate" category.

Higher RiskSector Avg.Lower RiskFinance & CorporateTech & InnovationLegal & RegulatoryProductionAbility to SellMacro & Political
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

3 New Risks
1.Our profitability and market competitiveness may be adversely impacted by changes in trade policies, including tariffs or other factors.Q2, 2026
2.Our profitability and market competitiveness may be adversely impacted by changes in trade policies, including tariffs or other factors.Q1, 2026
3.Our financial statements contain a statement regarding a substantial doubt about the Company's ability to continue as a going concern.Q4, 2025

Mannatech Peers Comparison

Overall Rating

UnderperformOutperform
Sector (62)

Financial Indicators

MTEX against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *62Neutral$20.33B14.63-3.31%3.23%1.93%-12.26%
SKINSKIN54Neutral$109.06M-5.68-32.09%―-4.41%-51.42%
MTEXMTEX52Neutral$16.54M-2.23336.75%―-4.97%-91.06%
EPCEPC51Neutral$1.34B-25.84-3.53%2.09%-10.21%-310.40%
TKLFTKLF47Neutral$6.48M0.821.71%13.32%77.22%-89.32%
NUSNUS41Neutral$189.36M-0.80-34.83%5.99%-15.27%-318.35%

* Consumer Defensive Sector Average

Performance Comparison

-50%0%50%MTEXNUSEPCSKINTKLFDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
MTEX and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
MTEXMannatech Inc8.98-0.53-5.57%
NUSNu Skin Enterprises4.01-5.17-56.31%
EPCEdgewell Personal Care Co28.7411.4466.12%
SKINBeauty Health Company15.96-9.44-37.17%
TKLFYoshitsu Co. Ltd. Sponsored ADR1.40-1.47-51.22%

Mannatech Corporate Events

Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresRegulatory Filings and Compliance

Mannatech Restores Nasdaq Compliance Through Swiss Tax Ruling

Neutral
Oct 14, 2026

On April 20, 2026, Mannatech received a notice from Nasdaq that it was not in compliance with the minimum $2.5 million stockholders’ equity requirement for continued listing on the Nasdaq Capital Market, after reporting negative equity of $5.2 millio...

Business Operations and StrategyExecutive/Board Changes

Mannatech Appoints Robert Toth as New Board Chairman

Positive
Sep 1, 2026

On September 1, 2026, Mannatech announced the retirement of long-serving chairman J. Stanley Fredrick from its board of directors, following his August 26, 2026 notice to step down for personal reasons. Fredrick, who joined the board in 2001 and has...

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.

Date of analysis: Nov 13, 2026