Mangoceuticals Inc (NASDAQ: MGRX) stock jumped 15.26% on Monday to $0.58 against a previous-day closing price of $0.50. With 0.24 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.26 million shares. During the session, the Health Information Services company that operates in wider Healthcare sector, reached to the highest price of $0.5900 whereas the lowest price it dropped to was $0.5101. The 52-week range on MGRX shows that it touched its highest point at $4.37 and its lowest point at $0.42 during that stretch.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MGRX was up-trending over the past week, with a rise of 32.69%, but this was down by -40.06% over a month. Three-month performance dropped to -49.12% while six-month performance fell -52.46%.
Float and Shares Shorts:
At present, 17.32 million MGRX shares are outstanding with a float of 7.13 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.12 million, which was 0.71% higher than short shares on Sep 28, 2023. In addition to Mr. Jacob D. Cohen as the firm’s CEO & Chairman, Mr. Jonathan Arango serves as its President, Secretary & Director.
Institutional Ownership:
Through their ownership of 0.03% of MGRX’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MGRX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
Summary of Insider Activity:
Insiders traded MGRX stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 50,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 3 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 8,125,000 while 8,000,000 shares were sold.
