Flora Growth Corp. (NASDAQ: FLGC) kicked off on May 19, 2023, at the price of $0.23, up 8.33% from the previous trading day. During the day, the shares moved up to $0.2688 and dropped to $0.22 before settling in for the closing price of $0.24. Over the past 52 weeks, FLGC has traded in a range of $0.17-$1.30.
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While this was happening, its average annual earnings per share was recorded -41.40%. With a float of $66.43 million, this company’s outstanding shares have now reached $83.61 million.
Considering the fact that the conglomerate employs 162 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -7.97, operating margin of -66.13, and the pretax margin is -145.72.
Flora Growth Corp. (FLGC) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Drug Manufacturers – Specialty & Generic Industry. The insider ownership of Flora Growth Corp. is 15.16%, while institutional ownership is 5.10%.
Flora Growth Corp. (FLGC) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 3/30/2023, the organization reported -$0.03 earnings per share (EPS), higher than consensus estimate (set at -$0.04) by $0.01. This company achieved a net margin of -141.01 while generating a return on equity of -78.24. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -41.40% per share during the next fiscal year.
Flora Growth Corp. (NASDAQ: FLGC) Trading Performance Indicators
Take a look at Flora Growth Corp.’s (FLGC) current performance indicators. Last quarter, stock had a quick ratio of 1.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.88.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.67, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach -0.07 in one year’s time.
Technical Analysis of Flora Growth Corp. (FLGC)
Compared to the last year’s volume of 1.62 million, its volume of 2.02 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 91.50%. Additionally, its Average True Range was 0.02.
During the past 100 days, Flora Growth Corp.’s (FLGC) raw stochastic average was set at 20.88%, which indicates a significant decrease from 90.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 117.30% in the past 14 days, which was lower than the 119.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.2426, while its 200-day Moving Average is $0.4681. Nevertheless, the first resistance level for the watch stands at $0.2792 in the near term. At $0.2984, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.3280. If the price goes on to break the first support level at $0.2304, it is likely to go to the next support level at $0.2008. Should the price break the second support level, the third support level stands at $0.1816.
Flora Growth Corp. (NASDAQ: FLGC) Key Stats
The company with the Market Capitalisation of 32.90 million has total of 137,240K Shares Outstanding. Its annual sales at the moment are 37,170 K in contrast with the sum of -52,420 K annual income. Company’s last quarter sales were recorded 11,490 K and last quarter income was -12,530 K.
