A new trading day began on Monday, with Flora Growth Corp (NASDAQ: FLGC) stock price up 10.29% from the previous day of trading, before settling in for the closing price of $1.36. FLGC’s price has ranged from $0.70 to $2.93 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 2192.85%. Meanwhile, its annual earnings per share averaged 90.94%. With a float of $9.33 million, this company’s outstanding shares have now reached $13.37 million.
Considering the fact that the conglomerate employs 108 people, you should pay attention to its efficiency factor. 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 Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Drug Manufacturers – Specialty & Generic Industry. 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) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.16 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.
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
Here are Flora Growth Corp’s current performance indicators. According to the last quarter’s results, the 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 -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)
Compared to the last year’s volume of 0.37 million, its volume of 1.06 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 8.99%. Additionally, its Average True Range was 0.23.
During the past 100 days, Flora Growth Corp’s (FLGC) raw stochastic average was set at 53.44%, which indicates a significant increase from 20.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 123.62% in the past 14 days, which was higher than the 103.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.4119, while its 200-day Moving Average is $1.2931. Nevertheless, the first resistance level for the watch stands at $1.6200 in the near term. At $1.7400, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.8500. If the price goes on to break the first support level at $1.3900, it is likely to go to the next support level at $1.2800. Should the price break the second support level, the third support level stands at $1.1600.
Flora Growth Corp (NASDAQ: FLGC) Key Stats
With a market capitalization of 19.00 million, the company has a total of 13,367K Shares Outstanding. Currently, annual sales are 76,070 K while annual income is -57,040 K. The company’s previous quarter sales were 15,680 K while its latest quarter income was -2,630 K.
