During the last session, Flora Growth Corp (NASDAQ:FLGC)’s traded shares were 0.31 million, with the beta value of the company hitting 1.84. At the end of the trading day, the stock’s price was $2.03, reflecting an intraday gain of 8.56% or $0.16. The 52-week high for the FLGC share is $2.93, that puts it down -44.33 from that peak though still a striking 68.97% gain since the share price plummeted to a 52-week low of $0.63. The company’s market capitalization is $27.14M, and the average intraday trading volume over the past 10 days was 0.37 million shares, and the average trade volume was 131.56K shares over the past three months.
Flora Growth Corp (FLGC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. FLGC has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.08.
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Flora Growth Corp (NASDAQ:FLGC) trade information
Flora Growth Corp (FLGC) registered a 8.56% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 8.56% in intraday trading to $2.03, hitting a weekly high. The stock’s 5-day price performance is 30.13%, and it has moved by 118.28% in 30 days. Based on these gigs, the overall price performance for the year is 99.02%. The short interest in Flora Growth Corp (NASDAQ:FLGC) is 0.15 million shares and it means that shorts have 0.92 day(s) to cover.
The consensus price target of analysts on Wall Street is $173.5, which implies an increase of 98.83% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7 and $340 respectively. As a result, FLGC is trading at a discount of -16648.77% off the target high and -244.83% off the low.
Flora Growth Corp (FLGC) estimates and forecasts
Statistics show that Flora Growth Corp has outperformed its competitors in share price, compared to the industry in which it operates. Flora Growth Corp (FLGC) shares have gone up 2.53% during the last six months, with a year-to-date growth rate more than the industry average at 72.09% against 11.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -150.00% this quarter and then jump 98.80% in the quarter after that. In the rating firms’ projections, revenue will decrease -10.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 16.75M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 17.74M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 17.32M and 17.98M respectively. In this case, analysts expect current quarter sales to shrink by -3.30% and then drop by -1.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -83.38%. While earnings are projected to return 90.94% in 2024.
FLGC Dividends
Flora Growth Corp is due to release its next quarterly earnings on 2024-Aug-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Flora Growth Corp (NASDAQ:FLGC)’s Major holders
Flora Growth Corp insiders own 23.02% of total outstanding shares while institutional holders control 3.27%, with the float percentage being 4.24%. GLOBAL FINANCIAL PRIVATE CLIENT, LLC is the largest shareholder of the company, while 23.0 institutions own stock in it. As of 2024-06-30, the company held over 249.0 shares (or 0.0028% of all shares), a total value of $254.0 in shares.
The next largest institutional holding, with 99.0 shares, is of FARTHER FINANCE ADVISORS, LLC’s that is approximately 0.0011% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $98.0.
