Flora Growth Corp (NASDAQ:FLGC) has a beta value of 1.95 and has seen 1.0 million shares traded in the last trading session. The company, currently valued at $10.71M, closed the last trade at $1.22 per share which meant it lost -$0.08 on the day or -6.15% during that session. The FLGC stock price is -140.16% off its 52-week high price of $2.93 and 38.52% above the 52-week low of $0.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.29 million shares traded. The 3-month trading volume is 546.28K shares.
The consensus among analysts is that Flora Growth Corp (FLGC) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.11.
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Flora Growth Corp (NASDAQ:FLGC) trade information
Sporting -6.15% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the FLGC stock price touched $1.22 or saw a rise of 41.9%. Year-to-date, Flora Growth Corp shares have moved -9.63%, while the 5-day performance has seen it change -27.81%. Over the past 30 days, the shares of Flora Growth Corp (NASDAQ:FLGC) have changed -6.87%. Short interest in the company has seen 0.9 million shares shorted with days to cover at 1.66.
Wall Street analysts have a consensus price target for the stock at $173.5, which means that the shares’ value could jump 99.3% from current levels. The projected low price target is $7.0 while the price target rests at a high of $340.0. In that case, then, we find that the current price level is -27768.85% off the targeted high while a plunge would see the stock gain -473.77% from current levels.
Flora Growth Corp (FLGC) estimates and forecasts
Figures show that Flora Growth Corp shares have outperformed across the wider relevant industry. The company’s shares have gained 11.93% over the past 6 months, with this year growth rate of 45.93%, compared to 11.20% for the industry. Revenue growth from the last financial year stood is estimated to be -21.53%.
2 analysts offering their estimates for the company have set an average revenue estimate of 13.51M for the current quarter. 2 have an estimated revenue figure of 17.11M for the next ending quarter. Year-ago sales stood 17.98M and 18.03M respectively for this quarter and the next, and analysts expect sales will shrink by -24.82% for the current quarter and -21.53% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -83.38% over the past 5 years.
FLGC Dividends
Flora Growth Corp is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Flora Growth Corp (NASDAQ:FLGC)’s Major holders
Insiders own 23.02% of the company shares, while shares held by institutions stand at 3.39% with a share float percentage of 4.40%. Investors are also buoyed by the number of investors in a company, with Flora Growth Corp having a total of 24.0 institutions that hold shares in the company. The top two institutional holders are GLOBAL FINANCIAL PRIVATE CLIENT, LLC with over 249.0 shares worth more than $254.0. As of 2024-06-30, GLOBAL FINANCIAL PRIVATE CLIENT, LLC held 0.0028% of shares outstanding.
The other major institutional holder is FARTHER FINANCE ADVISORS, LLC, with the holding of over 99.0 shares as of 2024-06-30. The firm’s total holdings are worth over $98.0 and represent 0.0011% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 0.63% shares in the company for having 88.78 shares of worth $0.11 million while later fund manager owns 62.16 shares of worth $75841.0 as of Oct 31, 2024 , which makes it owner of about 0.44% of company’s outstanding stock.
