In last trading session, Flora Growth Corp (NASDAQ:FLGC) saw 0.85 million shares changing hands with its beta currently measuring 2.06. Company’s recent per share price level of $1.05 trading at $0.04 or 3.96% at ring of the bell on the day assigns it a market valuation of $18.14M. That closing price of FLGC’s stock is at a discount of -179.05% from its 52-week high price of $2.93 and is indicating a premium of 28.57% from its 52-week low price of $0.75. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.53 million shares which gives us an average trading volume of 584.63K if we extend that period to 3-months.
For Flora Growth Corp (FLGC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.11 in the current quarter.
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Flora Growth Corp (NASDAQ:FLGC) trade information
Upright in the green during last session for gaining 3.96%, in the last five days FLGC remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $1.05 price level, adding 18.6% to its value on the day. Flora Growth Corp’s shares saw a change of -22.22% in year-to-date performance and have moved -19.23% in past 5-day. Flora Growth Corp (NASDAQ:FLGC) showed a performance of -13.93% in past 30-days. Number of shares sold short was 0.9 million shares which calculate 1.66 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 173.5 to the stock, which implies a rise of 99.39% to its current value. Analysts have been projecting 7 as a low price target for the stock while placing it at a high target of 340. It follows that stock’s current price would drop -566.67% in reaching the projected high whereas dropping to the targeted low would mean a loss of -566.67% for stock’s current value.
Flora Growth Corp (FLGC) estimates and forecasts
Statistics highlight that Flora Growth Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 10.36% of value to its shares in past 6 months, showing an annual growth rate of 45.93% while that of industry is 11.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -21.53% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 13.51M for the same. And 2 analysts are in estimates of company making revenue of 17.11M in the next quarter. Company posted 17.98M and 18.03M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -83.38% during past 5 years.
Flora Growth Corp (NASDAQ:FLGC)’s Major holders
Insiders are in possession of 23.02% of company’s total shares while institution are holding 3.39 percent of that, with stock having share float percentage of 4.40%. Investors also watch the number of corporate investors in a company very closely, which is 3.39% institutions for Flora Growth Corp that are currently holding shares of the company. GLOBAL FINANCIAL PRIVATE CLIENT, LLC is the top institutional holder at FLGC for having 249.0 shares of worth $254.0. And as of 2024-06-30, it was holding 0.0028 of the company’s outstanding shares.
The second largest institutional holder is FARTHER FINANCE ADVISORS, LLC, which was holding about 99.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.0011 of outstanding shares, having a total worth of $98.0.
