In last trading session, Flora Growth Corp (NASDAQ:FLGC) saw 1.25 million shares changing hands with its beta currently measuring 1.67. Company’s recent per share price level of $1.58 trading at $0.4 or 33.90% at ring of the bell on the day assigns it a market valuation of $12.97M. That closing price of FLGC’s stock is at a discount of -292.41% from its 52-week high price of $6.20 and is indicating a premium of 60.13% from its 52-week low price of $0.63. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 76900.0 shares which gives us an average trading volume of 96.07K if we extend that period to 3-months.
Flora Growth Corp (NASDAQ:FLGC) trade information
Upright in the green during last session for gaining 33.90%, in the last five days FLGC remained trading in the green while hitting it’s week-highest on Friday, 03/22/24 when the stock touched $1.58 price level, adding 4.24% to its value on the day. Flora Growth Corp’s shares saw a change of 17.04% in year-to-date performance and have moved 43.64% in past 5-day. Flora Growth Corp (NASDAQ:FLGC) showed a performance of 57.21% in past 30-days. Number of shares sold short was 0.13 million shares which calculate 0.96 days to cover the short interests.
Flora Growth Corp (FLGC) estimates and forecasts
Statistics highlight that Flora Growth Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 37.39% of value to its shares in past 6 months, showing an annual growth rate of 73.75% while that of industry is 18.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 97.70% in the current quarter and calculating 91.70% increase in the next quarter. This year revenue growth is estimated to rise 100.70% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $16.52 million for the same. And 1 analysts are in estimates of company making revenue of $17.18 million in the next quarter that will end on Mar 2024. Company posted $11.49 million and $20.11 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 43.80% while estimating it to be -14.60% for the next quarter.
FLGC Dividends
Flora Growth Corp is more likely to be releasing its next quarterly report in April and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Flora Growth Corp (NASDAQ:FLGC)’s Major holders
Insiders are in possession of 16.65% of company’s total shares while institution are holding 15.48 percent of that, with stock having share float percentage of 18.57%. Investors also watch the number of corporate investors in a company very closely, which is 15.48% institutions for Flora Growth Corp that are currently holding shares of the company. Mirae Asset Global Investments Co., Ltd. is the top institutional holder at FLGC for having 0.43 million shares of worth $1.03 million. And as of Jun 29, 2023, it was holding 6.31% of the company’s outstanding shares.
The second largest institutional holder is Vident Investment Advisory, LLC, which was holding about 24657.0 shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.36% of outstanding shares, having a total worth of $58683.0.
On the other hand, Global X Fds-The Global X Cannabis ETF and Fidelity NASDAQ Composite Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 0.59 million shares of worth $0.69 million or 8.67% of the total outstanding shares. The later fund manager was in possession of 1021.0 shares on May 30, 2023, making its stake of worth around $4792.0 in the company or a holder of 0.01% of company’s stock.
