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Flora Growth Corp (NASDAQ: FLGC) closed the day trading at $0.55 down -12.00% from the previous closing price of $0.63. In other words, the price has decreased by -$12.00 from its previous closing price. On the day, 2.74 million shares were traded.
Ratios:
For a better understanding of FLGC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 1.05. In the meantime, Its Debt-to-Equity ratio is 1.09 whereas as Long-Term Debt/Eq ratio is at 0.45.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Aegis Capital on November 25, 2024, initiated with a Buy rating and assigned the stock a target price of $4.
On October 13, 2021, ROTH Capital started tracking the stock assigning a Buy rating and target price of $10.
On June 23, 2021, MKM Partners started tracking the stock assigning a Buy rating and target price of $6.MKM Partners initiated its Buy rating on June 23, 2021, with a $6 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 13 ’24 when Starke Clifford bought 6,795 shares for $0.95 per share. The transaction valued at 6,455 led to the insider holds 6,846 shares of the business.
Wolkin Harold bought 25,000 shares of FLGC for $24,255 on Sep 06 ’24. The Director now owns 25,000 shares after completing the transaction at $0.97 per share. On Sep 05 ’24, another insider, Starke Clifford, who serves as the CEO of the company, bought 51 shares for $0.95 each. As a result, the insider paid 48 and bolstered with 474,046 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18 while its Price-to-Book (P/B) ratio in mrq is 2.28.
Stock Price History:
Over the past 52 weeks, FLGC has reached a high of $2.11, while it has fallen to a 52-week low of $0.42. The 50-Day Moving Average of the stock is -9.81%, while the 200-Day Moving Average is calculated to be -47.65%.
Shares Statistics:
A total of 18.51M shares are outstanding, with a floating share count of 12.67M. Insiders hold about 34.83% of the company’s shares, while institutions hold 4.63% stake in the company.
