For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of Flora Growth Corp (NASDAQ: FLGC) was $1.01 for the day, down -2.88% from the previous closing price of $1.04. In other words, the price has decreased by -$2.88 from its previous closing price. On the day, 0.24 million shares were traded. FLGC stock price reached its highest trading level at $1.0399 during the session, while it also had its lowest trading level at $0.97.
Ratios:
Our analysis of FLGC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.64 and its Current Ratio is at 1.02. In the meantime, Its Debt-to-Equity ratio is 1.25 whereas as Long-Term Debt/Eq ratio is at 0.52.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FLGC now has a Market Capitalization of 17449668 and an Enterprise Value of 17929720. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 3.18. Its current Enterprise Value per Revenue stands at 0.26 whereas that against EBITDA is -2.57.
Stock Price History:
The Beta on a monthly basis for FLGC is 2.04, which has changed by -0.3175676 over the last 52 weeks, in comparison to a change of 0.23806548 over the same period for the S&P500. Over the past 52 weeks, FLGC has reached a high of $2.93, while it has fallen to a 52-week low of $0.75. The 50-Day Moving Average of the stock is -25.68%, while the 200-Day Moving Average is calculated to be -24.81%.
Shares Statistics:
FLGC traded an average of 598.95K shares per day over the past three months and 284640 shares per day over the past ten days. A total of 13.37M shares are outstanding, with a floating share count of 7.98M. Insiders hold about 53.84% of the company’s shares, while institutions hold 2.36% stake in the company. Shares short for FLGC as of 1730332800 were 901006 with a Short Ratio of 1.72, compared to 1727654400 on 147541. Therefore, it implies a Short% of Shares Outstanding of 901006 and a Short% of Float of 7.75.
Earnings Estimates
The stock of Flora Growth Corp (FLGC) is currently in the spotlight, with 1 analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is $0.03, with high estimates of $0.03 and low estimates of $0.03.
Analysts are recommending an EPS of between -$0.78 and -$0.78 for the fiscal current year, implying an average EPS of -$0.78. EPS for the following year is $0.07, with 1.0 analysts recommending between $0.07 and $0.07.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $13.54M to a low estimate of $13.48M. As of the current estimate, Flora Growth Corp’s year-ago sales were $17.98MFor the next quarter, 2 analysts are estimating revenue of $17.11M. There is a high estimate of $18.17M for the next quarter, whereas the lowest estimate is $16.05M.
A total of 2 analysts have provided revenue estimates for FLGC’s current fiscal year. The highest revenue estimate was $59.72M, while the lowest revenue estimate was $59.66M, resulting in an average revenue estimate of $59.69M. In the same quarter a year ago, actual revenue was $76.07MBased on 3 analysts’ estimates, the company’s revenue will be $66.1M in the next fiscal year. The high estimate is $78.18M and the low estimate is $59.27M.
