On Monday, Flora Growth Corp (NASDAQ: FLGC) was 5.59% up from the session before settling in for the closing price of $1.43. A 52-week range for FLGC has been $0.75 – $2.93.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 2192.85%. When this article was written, the company’s average yearly earnings per share was at 85.33%. With a float of $9.33 million, this company’s outstanding shares have now reached $13.37 million.
Let’s determine the extent of company efficiency that accounts for 108 employees. In terms of profitability, gross margin is 12.28%, operating margin of -15.92%, and the pretax margin is -27.13%.
Flora Growth Corp (FLGC) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Flora Growth Corp stocks. The insider ownership of Flora Growth Corp is 30.20%, while institutional ownership is 3.05%. 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
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted -0.82 earnings per share (EPS) during the time that was less than consensus figure (set at -0.07) by -0.75. 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 85.33% per share during the next fiscal year.
Flora Growth Corp (NASDAQ: FLGC) Trading Performance Indicators
You can see what Flora Growth Corp (FLGC) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.64. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.80, a number that is poised to hit -0.17 in the next quarter and is forecasted to reach -0.28 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 0.37 million, which is a drop from its year-to-date volume of 0.37 million. As of the previous 9 days, the stock’s Stochastic %D was 83.32%. Additionally, its Average True Range was 0.17.
During the past 100 days, Flora Growth Corp’s (FLGC) raw stochastic average was set at 52.76%, which indicates a significant decrease from 78.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 138.69% in the past 14 days, which was higher than the 111.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.5004, while its 200-day Moving Average is $1.3049. However, in the short run, Flora Growth Corp’s stock first resistance to watch stands at $1.6033. Second resistance stands at $1.6967. The third major resistance level sits at $1.7733. If the price goes on to break the first support level at $1.4333, it is likely to go to the next support level at $1.3567. Should the price break the second support level, the third support level stands at $1.2633.
Flora Growth Corp (NASDAQ: FLGC) Key Stats
There are 13,367K outstanding shares of the company, which has a market capitalization of 22.03 million. As of now, sales total 76,070 K while income totals -57,040 K. Its latest quarter income was 12,470 K while its last quarter net income were -3,770 K.
