Flora Growth Corp (NASDAQ: FLGC) kicked off on Friday, down -10.41% from the previous trading day, before settling in for the closing price of $2.21. Over the past 52 weeks, FLGC has traded in a range of $0.63-$5.48.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 2192.85%. While this was happening, its average annual earnings per share was recorded 92.06%. With a float of $7.73 million, this company’s outstanding shares have now reached $8.94 million.
Let’s determine the extent of company efficiency that accounts for 108 employees.
Flora Growth Corp (FLGC) Breakdown of a Key Holders of the stock
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 27.64%, while institutional ownership is 10.54%. The most recent insider transaction that took place on Apr 08 ’24, was worth 999,998. In this transaction CEO of this company bought 526,315 shares at a rate of $1.90, taking the stock ownership to the 565,714 shares.
Flora Growth Corp (FLGC) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 20.78 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 92.06% 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 0.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -7.77, a number that is poised to hit -0.22 in the next quarter and is forecasted to reach -0.20 in one year’s time.
Technical Analysis of Flora Growth Corp (FLGC)
Looking closely at Flora Growth Corp (NASDAQ: FLGC), its last 5-days average volume was 0.62 million, which is a drop from its year-to-date volume of 0.66 million. As of the previous 9 days, the stock’s Stochastic %D was 27.81%. Additionally, its Average True Range was 0.33.
During the past 100 days, Flora Growth Corp’s (FLGC) raw stochastic average was set at 57.43%, which indicates a significant increase from 28.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 185.18% in the past 14 days, which was higher than the 137.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.3670, while its 200-day Moving Average is $1.5868. However, in the short run, Flora Growth Corp’s stock first resistance to watch stands at $2.1500. Second resistance stands at $2.3200. The third major resistance level sits at $2.4150. If the price goes on to break the first support level at $1.8850, it is likely to go to the next support level at $1.7900. Now, if the price goes above the second support level, the third support stands at $1.6200.
Flora Growth Corp (NASDAQ: FLGC) Key Stats
The company with the Market Capitalisation of 21.15 million has total of 10,685K Shares Outstanding. Its annual sales at the moment are 76,070 K in contrast with the sum of -57,040 K annual income. Company’s last quarter sales were recorded 17,190 K and last quarter income was -10,110 K.
