In today’s recent session, 0.43 million shares of the Flora Growth Corp (NASDAQ:FLGC) have been traded, and its beta is 1.86. Most recently the company’s share price was $2.00, and it changed around $0.15 or 8.19% from the last close, which brings the market valuation of the company to $26.76M. FLGC at last check was trading at a discount to its 52-week high of $2.93, offering almost -46.5% off that amount. The share price’s 52-week low was $0.63, which indicates that the recent value has risen by an impressive 68.5% since then. We note from Flora Growth Corp’s average daily trading volume that its 10-day average is 0.4 million shares, with the 3-month average coming to 186.29K.
Flora Growth Corp stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended FLGC as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight.
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Flora Growth Corp (NASDAQ:FLGC) trade information
Instantly FLGC has been showing a green trend so far today with a performance of 8.19% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.1090 on recent trading dayincreased the stock’s daily price by 5.17%. The company’s shares are currently up 48.26% year-to-date, but still up 30.39% over the last five days. On the other hand, Flora Growth Corp (NASDAQ:FLGC) is 51.63% up in the 30-day period. We can see from the shorts that 0.21 million shares have been sold at a short interest cover period of 0.62 day(s).
The consensus price target as assigned by Wall Street analysts is $173.5, which translates to bulls needing to increase their stock price by 98.85% from its current value. Analyst projections state that FLGC is forecast to be at a low of $7 and a high of $340.
Flora Growth Corp (FLGC) estimates and forecasts
Flora Growth Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 56.37 percent over the past six months and at a 72.09% annual growth rate that is well above the industry average of 11.40%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -83.38%.
FLGC Dividends
Flora Growth Corp’s next quarterly earnings report is expected to be released on 2024-Aug-12.
Flora Growth Corp (NASDAQ:FLGC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 23.02% of Flora Growth Corp shares, and 3.27% of them are in the hands of institutional investors. The stock currently has a share float of 4.24%. Flora Growth Corp stock is held by 22.0 institutions, with GLOBAL FINANCIAL PRIVATE CLIENT, LLC being the largest institutional investor. By 2024-06-30, it held 0.0028% of the shares, which is about 249.0 shares worth $254.0.
FARTHER FINANCE ADVISORS, LLC, with 0.0011% or 99.0 shares worth $98.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 88.78 shares worth $0.18 million, making up 0.66% of all outstanding shares. On the other hand, Fidelity Extended Market Index Fund held roughly 72.62 shares worth around $0.15 million, which represents about 0.54% of the total shares outstanding.
