On Monday, Flora Growth Corp (NASDAQ: FLGC) opened lower -8.87% from the last session, before settling in for the closing price of $2.03. Price fluctuations for FLGC have ranged from $0.63 to $2.93 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 2192.85%. Company’s average yearly earnings per share was noted 90.94% at the time writing. With a float of $9.33 million, this company’s outstanding shares have now reached $13.37 million.
The extent of productivity of a business whose workforce counts for 108 workers is very important to gauge. In terms of profitability, gross margin is 10.67%, operating margin of -10.08%, and the pretax margin is -18.64%.
Flora Growth Corp (FLGC) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Drug Manufacturers – Specialty & Generic industry is another important factor to consider. The insider ownership of Flora Growth Corp is 30.20%, while institutional ownership is 2.93%. The most recent insider transaction that took place on Sep 13 ’24, was worth 6,455. In this transaction CEO of this company bought 6,795 shares at a rate of $0.95, taking the stock ownership to the 6,846 shares. Before that another transaction happened on Sep 06 ’24, when Company’s Director bought 25,000 for $0.97, making the entire transaction worth $24,255. This insider now owns 25,000 shares in total.
Flora Growth Corp (FLGC) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 90.94% per share during the next fiscal year.
Flora Growth Corp (NASDAQ: FLGC) Trading Performance Indicators
Check out the current performance indicators for Flora Growth Corp (FLGC). In the past quarter, the stock posted a quick ratio of 0.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.36.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.44, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach 0.18 in one year’s time.
Technical Analysis of Flora Growth Corp (FLGC)
The latest stats from [Flora Growth Corp, FLGC] show that its last 5-days average volume of 0.43 million was superior to 0.35 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 77.40%. Additionally, its Average True Range was 0.19.
During the past 100 days, Flora Growth Corp’s (FLGC) raw stochastic average was set at 80.15%, which indicates a significant increase from 71.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 120.93% in the past 14 days, which was higher than the 95.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.20, while its 200-day Moving Average is $1.29. Now, the first resistance to watch is $2.04. This is followed by the second major resistance level at $2.23. The third major resistance level sits at $2.35. If the price goes on to break the first support level at $1.73, it is likely to go to the next support level at $1.61. The third support level lies at $1.42 if the price breaches the second support level.
Flora Growth Corp (NASDAQ: FLGC) Key Stats
There are currently 13,367K shares outstanding in the company with a market cap of 24.73 million. Presently, the company’s annual sales total 76,070 K according to its annual income of -57,040 K. Last quarter, the company’s sales amounted to 15,680 K and its income totaled -2,630 K.
