Flora Growth Corp (NASDAQ: FLGC) on Friday, soared 3.24% from the previous trading day, before settling in for the closing price of $0.68. Within the past 52 weeks, FLGC’s price has moved between $0.42 and $2.11.
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Annual sales at Healthcare sector company grew by 1749.92% over the past five years. The company achieved an average annual earnings per share of 69.23%. With a float of $14.71 million, this company’s outstanding shares have now reached $19.44 million.
Let’s look at the performance matrix of the company that is accounted for 76 employees. In terms of profitability, gross margin is 21.65%, operating margin of -20.21%, and the pretax margin is -25.46%.
Flora Growth Corp (FLGC) Insider Updates
Observing investor behavior towards Drug Manufacturers – Specialty & Generic industry stocks is more important than anything else. The insider ownership of Flora Growth Corp is 34.83%, while institutional ownership is 3.96%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 69.23% per share during the next fiscal year.
Flora Growth Corp (NASDAQ: FLGC) Trading Performance Indicators
Flora Growth Corp (FLGC) is currently performing well based on its current performance indicators. A quick ratio of 0.67 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.30.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.98, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.41 in one year’s time.
Technical Analysis of Flora Growth Corp (FLGC)
Flora Growth Corp (NASDAQ: FLGC) saw its 5-day average volume 0.13 million, a negative change from its year-to-date volume of 0.22 million. As of the previous 9 days, the stock’s Stochastic %D was 46.83%. Additionally, its Average True Range was 0.07.
During the past 100 days, Flora Growth Corp’s (FLGC) raw stochastic average was set at 37.68%, which indicates a significant decrease from 80.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 85.58% in the past 14 days, which was higher than the 80.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5987, while its 200-day Moving Average is $1.0326. Nevertheless, the first resistance level for the watch stands at $0.7158 in the near term. At $0.7297, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.7573. If the price goes on to break the first support level at $0.6743, it is likely to go to the next support level at $0.6467. Assuming the price breaks the second support level, the third support level stands at $0.6328.
Flora Growth Corp (NASDAQ: FLGC) Key Stats
Market capitalization of the company is 15.84 million based on 22,569K outstanding shares. Right now, sales total 59,510 K and income totals -15,910 K. The company made 11,790 K in profit during its latest quarter, and -760 K in sales during its previous quarter.
