During the recent session, Flora Growth Corp (NASDAQ:FLGC)’s traded shares were 1.16 million, with the beta value of the company hitting 1.92. At the last check today, the stock’s price was $1.51, reflecting an intraday loss of -23.74% or -$0.47. The 52-week high for the FLGC share is $2.93, that puts it down -94.04 from that peak though still a striking 50.33% gain since the share price plummeted to a 52-week low of $0.75. The company’s market capitalization is $20.19M, and the average intraday trading volume over the past 10 days was 0.9 million shares, and the average trade volume was 482.37K 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 1.00. 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 -0.11.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Flora Growth Corp (NASDAQ:FLGC) trade information
Flora Growth Corp (FLGC) registered a -23.74% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -23.74% in intraday trading to $1.51, hitting a weekly high. The stock’s 5-day price performance is -9.58%, and it has moved by 33.63% in 30 days. Based on these gigs, the overall price performance for the year is 22.76%. The short interest in Flora Growth Corp (NASDAQ:FLGC) is 0.9 million shares and it means that shorts have 1.66 day(s) to cover.
The consensus price target of analysts on Wall Street is $173.5, which implies an increase of 99.13% 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 -22416.56% off the target high and -363.58% 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 37.27% during the last six months, with a year-to-date growth rate more than the industry average at 45.93% against 11.20. In the rating firms’ projections, revenue will decrease -21.53% 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 13.51M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 17.11M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 17.98M and 18.03M respectively. In this case, analysts expect current quarter sales to shrink by -24.82% and then drop by -5.10% 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 85.33% in 2024.
FLGC Dividends
Flora Growth Corp is due to release its next quarterly earnings in January. 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 3.39%, with the float percentage being 4.40%. GLOBAL FINANCIAL PRIVATE CLIENT, LLC is the largest shareholder of the company, while 24.0 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.
