Mangoceuticals Inc (NASDAQ: MGRX) is 6.20% higher on its value in year-to-date trading and has touched a low of $1.49 and a high of $16.80 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MGRX stock was last observed hovering at around $2.10 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $2.57, the stock is 11.95% and -27.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing 22.38% at the moment leaves the stock -27.11% off its SMA200. MGRX registered -33.82% loss for a year compared to 6-month gain of -2.98%. The firm has a 50-day simple moving average (SMA 50) of $3.534 and a 200-day simple moving average (SMA200) of $3.52621.
The stock witnessed a -39.81% loss in the last 1 month and extending the period to 3 months gives it a -4.10%, and is 63.69% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 16.86% over the week and 20.59% over the month.
Mangoceuticals Inc (MGRX) has around 3 employees, a market worth around $16.06M and $0.62M in sales. Profit margin for the company is -1413.63%. Distance from 52-week low is 73.06% and -84.70% from its 52-week high. The company has generated returns on investments over the last 12 months (-57.67%).
10.0 institutions hold shares in Mangoceuticals Inc (MGRX), with institutional investors hold 2.27% of the company’s shares. The shares outstanding are 6.25M, and float is at 3.46M with Short Float at 7.08%. Institutions hold 1.48% of the Float.
Mangoceuticals Inc (MGRX) Insider Activity
The most recent transaction is an insider sale by Hamilton Alex P., the company’s Director. SEC filings show that Hamilton Alex P. sold 108,426 shares of the company’s common stock on Jun 26 ’24 at a price of $0.32 per share for a total of $34696.0. Following the sale, the insider now owns 50000.0 shares.
Mangoceuticals Inc disclosed in a document filed with the SEC on Jun 25 ’24 that Hamilton Alex P. (Director) sold a total of 16,574 shares of the company’s common stock. The trade occurred on Jun 25 ’24 and was made at $0.31 per share for $5138.0. Following the transaction, the insider now directly holds 0.16 million shares of the MGRX stock.
