In today’s recent session, 0.8 million shares of the Flora Growth Corp (NASDAQ:FLGC) have been traded, and its beta is 1.93. Most recently the company’s share price was $1.69, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $22.59M. FLGC at last check was trading at a discount to its 52-week high of $2.93, offering almost -73.37% off that amount. The share price’s 52-week low was $0.75, which indicates that the recent value has risen by an impressive 55.62% since then. We note from Flora Growth Corp’s average daily trading volume that its 10-day average is 0.32 million shares, with the 3-month average coming to 377.81K.

Flora Growth Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended FLGC as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Flora Growth Corp is expected to report earnings per share of -0.11 for the current quarter.

Flora Growth Corp (NASDAQ:FLGC) trade information

The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.8400 on recent trading dayincreased the stock’s daily price by 8.15%. The company’s shares are currently up 25.19% year-to-date, but still down -0.59% over the last five days. On the other hand, Flora Growth Corp (NASDAQ:FLGC) is 33.07% up in the 30-day period. We can see from the shorts that 0.9 million shares have been sold at a short interest cover period of 1.66 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 99.03% 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 52.25 percent over the past six months and at a 54.65% annual growth rate that is well above the industry average of 11.40%. The year-over-year growth rate is expected to be -21.53%, down from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 13.51M in revenue for the current quarter. 2 analysts expect Flora Growth Corp to make 17.11M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 17.98M and 18.03M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -24.82%. Forecasts for the next quarter put sales growth at -5.10%.

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 in January.

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 3.39% of them are in the hands of institutional investors. The stock currently has a share float of 4.40%. Flora Growth Corp stock is held by 24.0 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.