Flora Growth Corp (NASDAQ: FLGC) kicked off on Monday, down -12.00% from the previous trading day, before settling in for the closing price of $0.63. Over the past 52 weeks, FLGC has traded in a range of $0.42-$2.11.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 1749.92%. While this was happening, its average annual earnings per share was recorded 54.62%. With a float of $12.67 million, this company’s outstanding shares have now reached $18.51 million.
Considering the fact that the conglomerate employs 76 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 16.99%, operating margin of -22.43%, and the pretax margin is -27.03%.
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 34.83%, while institutional ownership is 4.63%. 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
According to the Wall Street analysts, stocks earnings will be around 54.62% 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 0.74. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.32, a number that is poised to hit -0.16 in the next quarter and is forecasted to reach -0.41 in one year’s time.
Technical Analysis of Flora Growth Corp (FLGC)
Compared to the last year’s volume of 0.22 million, its volume of 0.63 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 71.86%. Additionally, its Average True Range was 0.06.
During the past 100 days, Flora Growth Corp’s (FLGC) raw stochastic average was set at 8.00%, which indicates a significant decrease from 59.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 88.11% in the past 14 days, which was lower than the 103.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6148, while its 200-day Moving Average is $1.0591. Nevertheless, the first resistance level for the watch stands at $0.6057 in the near term. At $0.6569, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.7048. If the price goes on to break the first support level at $0.5066, it is likely to go to the next support level at $0.4587. Should the price break the second support level, the third support level stands at $0.4075.
Flora Growth Corp (NASDAQ: FLGC) Key Stats
The company with the Market Capitalisation of 10.78 million has total of 19,436K Shares Outstanding. Its annual sales at the moment are 59,510 K in contrast with the sum of -15,910 K annual income. Company’s last quarter sales were recorded 13,330 K and last quarter income was -6,130 K.
