In the latest trading session, 0.56 million Flora Growth Corp (NASDAQ:FLGC) shares changed hands as the company’s beta touched 1.86. With the company’s most recent per share price at $1.74 changing hands around $0.21 or 13.73% at last look, the market valuation stands at $23.26M. FLGC’s current price is a discount, trading about -68.39% off its 52-week high of $2.93. The share price had its 52-week low at $0.63, which suggests the last value was 63.79% up since then. When we look at Flora Growth Corp’s average trading volume, we note the 10-day average is 0.28 million shares, with the 3-month average coming to 92.71K.

Analysts gave the Flora Growth Corp (FLGC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended FLGC as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Flora Growth Corp’s EPS for the current quarter is expected to be -0.08.

Flora Growth Corp (NASDAQ:FLGC) trade information

Instantly FLGC is in green as seen in intraday trades today. With action 28.89%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 28.89%, with the 5-day performance at 28.89% in the green. However, in the 30-day time frame, Flora Growth Corp (NASDAQ:FLGC) is 68.93% up. Looking at the short shares, we see there were 0.15 million shares sold at short interest cover period of 3.25 days.

The consensus price target for the stock as assigned by Wall Street analysts is 173.5, meaning bulls need an upside of 99.0% from its recent market value. According to analyst projections, FLGC’s forecast low is 7 with 340 as the target high. To hit the forecast high, the stock’s price needs a -19440.23% plunge from its current level, while the stock would need to soar -302.3% for it to hit the projected low.

Flora Growth Corp (FLGC) estimates and forecasts

Data shows that the Flora Growth Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -15.12% over the past 6 months, a 72.09% in annual growth rate that is considerably higher than the industry average of 12.60%. Year-over-year growth is forecast to reach -10.30% down from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 16.75M. 2 analysts are of the opinion that Flora Growth Corp’s revenue for the current quarter will be 17.74M. The company’s revenue for the corresponding quarters a year ago was 17.32M and 17.98M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -3.30%. The estimates for the next quarter sales put growth at -1.30%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -83.38%. The 2024 estimates are for Flora Growth Corp earnings to increase by 90.94%.

FLGC Dividends

Flora Growth Corp is expected to release its next quarterly earnings report on 2024-Aug-12.

Flora Growth Corp (NASDAQ:FLGC)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 22.97% of Flora Growth Corp shares while 3.27% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 4.24%. There are 3.27% institutions holding the Flora Growth Corp stock share, with GLOBAL FINANCIAL PRIVATE CLIENT, LLC the top institutional holder. As of 2024-06-30, the company held 0.0028% of the shares, roughly 249.0 FLGC shares worth $254.0.

FARTHER FINANCE ADVISORS, LLC holds the second largest percentage of outstanding shares, with 0.0011% or 99.0 shares worth $98.0 as of 2024-06-30.