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Read more details and grab sources here.
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And as mentioned above, MGRX has several potential catalysts to focus on immediately. Check them out:
No. 1 MGRX Potential Catalyst - Low Float Volatility Could Appear At The Drop Of A Hat (Fewer Than 7Mn Shares)
According to the Market Watch website, MGRX has a fairly low float.
The website reports this profile to have approximately 6.57Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
Could more positive company news in 2023 provide a near term spark?
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No. 2 MGRX Potential Catalyst - Another Top Men's Podcast Sponsorship Provides Ability To Reach Millions Of New Potential Customers
Mangoceuticals, Inc. Adds Top Men’s Podcast, Pillow Talk with Ryan Pownall, to Sponsorship Portfolio
Dallas, Texas, July 27, 2023 (GLOBE NEWSWIRE) -- Mangoceuticals, Inc. (NASDAQ:MGRX) (“MangoRx” or the “Company”), a company focused on developing, marketing and selling a variety of men’s H&W products via a secure telemedicine platform, including its uniquely formulated ED drug branded “Mango,” is excited to announce that the Company has been engaged as an exclusive new sponsor by ITS MEDIA for the wildly popular Pillow Talk podcast. The arrangement also covers ad placement on Pillow Talk’s popular related Instagram and TikTok feeds.
The Pillow Talk podcast boasts a ranking of #1 among all Canadian podcasts in the world. It also holds the #3 ranking in the world in terms of most viewed podcast clips on social media and the #6 ranking in terms of downloads within the global Comedy podcast segment. The podcast has been downloaded over Apple and Spotify over 272k times in the past three months. It has also racked up over 12Mn impressions per month on YouTube and Twitter.
Pillow Talk also has an enormous social media footprint, with over 36Mn accounts reached on Instagram in the past 90 days and more than 25Mn TikTok views in the past 60 days.
“We look forward to working with Ryan and his team at Pillow Talk as we see this as another true top-tier male focused media channel capable of delivering enormous results in terms of connecting MangoRx with our target demographic,” commented Jacob Cohen, CEO and Co-Founder of MangoRx.
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Read the full article here.
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No. 3 MGRX Potential Catalyst - A Brand Awareness Bump In August? This Exclusive Sponsorship Could Lead The Way
Mangoceuticals Engaged by Social Media Sensation Adam22 as Exclusive New Sponsor of Hit Podcasts with Skyrocketing Male Engagement
Dallas, Texas, July 18, 2023 (GLOBE NEWSWIRE) -- Mangoceuticals, Inc. (NASDAQ:MGRX) (“MangoRx” or the “Company”), a company focused on developing, marketing and selling a variety of men’s H&W products via a secure telemedicine platform, including its uniquely formulated ED drug branded “Mango,” is excited to announce that it has been engaged as an exclusive new sponsor by Adam22 and will be featured on a series of No Jumper and Plug Talk episodes beginning in August 2023 ...
“Adam22 has his finger on the pulse of a demographic that represents an excellent fit for MangoRx, providing a new road to achieving our revenue growth targets by reaching large audiences and promoting our products nationwide,” stated MGRX Co-Founder and CEO, Jacob Cohen. “Our focus right now is on driving powerful sales growth. This partnership holds the potential to create an enormous bump in brand awareness, sales, and market share in the growing men’s health and wellness marketplace, and we look forward to working with Adam and his team beginning next month.”
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Read the full article here.
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No. 4 MGRX Potential Catalyst - Key Technicals Are Hovering Around Oversold Levels Suggesting Strong Reversal/Bounce Potential
As of 1:30PM EST Monday, Barchart was reporting this profile to have several oversold leaning technicals.
These technicals could be signaling a healthy reversal could be approaching in the near term.
Here's the definition of a "reversal" from Investopedia:
"A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart."
Now, here are some key technicals (as of 1:30PM EST Monday) that could signal MGRX to be leaning oversold and on the verge of a potential reversal:
- 9-Day Relative Strength Index: 24.43%
- 14-Day Relative Strength Index: 30.89%
When these numbers drop down to the 30% range and lower, they can be viewed as being in oversold territory. While in this territory, they can paint the picture of a profile that is undervalued.
- 14-Day Raw Stochastic: 15.34%
- 14-Day Williams %R: 84.66%
As the Raw Stochastic nears the 10% range and lower and the Williams %R nears the 90% range or higher, these technical indicators may also be viewed as oversold and undervalued.
Keep an eye on these technicals closely.
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No. 5 MGRX Potential Catalyst - New Game-Changing Campaign Launched To "Make American Hard Again"
Mangoceuticals Launches “Make America Hard Again” Campaign & Merchandise Website
Dallas, Texas, June 27, 2023 (GLOBE NEWSWIRE) -- Mangoceuticals, Inc. (NASDAQ:MGRX) (“MangoRx” or the “Company”), a company focused on developing, marketing and selling a variety of men’s H&W products via a secure telemedicine platform, including its uniquely formulated ED drug branded “Mango,” is pleased to announce the launch of its new “Make America Hard Again” nationwide marketing campaign and website, www(dot)MakeAmericaHardAgain(dot)com.
...
“Our newly launched Make America Hard Again campaign is more than just a new marketing concept—it’s a mantra and a movement as our mission is to help men go hard in every aspect of their lives,” stated MangoRx’s Co-Founder and CEO, Jacob Cohen. “When we established the Mango brand, we envisioned much more than just ED products. We envisioned building a brand that transcends into other products in the men’s health marketplace while empowering men toward new heights—helping them go as hard as they can go, being the best version of themselves that they can be.”
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Read the full article here.
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MGRX Recap - The Top 5 Potential Breakout Catalysts To Focus On Right Now
No. 1 - Low Float Volatility Could Appear At The Drop Of A Hat (Fewer Than 7Mn Shares)
No. 2 - Another Top Men's Podcast Sponsorship Provides Ability To Reach Millions Of New Potential Customers
No. 3 - A Brand Awareness Bump In August? This Exclusive Sponsorship Could Lead The Way
No. 4 - Key Technicals Are Hovering Around Oversold Levels Suggesting Strong Reversal/Bounce Potential
No. 5 - New Game-Changing Campaign Launched To "Make American Hard Again"
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Coverage is officially initiated on MGRX. When time allows, do this: