The price of Flora Growth Corp (NASDAQ: FLGC) closed at $2.05 in the last session, down -10.09% from day before closing price of $2.28. In other words, the price has decreased by -$0.2300 from its previous closing price. On the day, 1011300 shares were traded.
Ratios:
We take a closer look at FLGC’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 1.31. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.15.
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, ROTH Capital on October 13, 2021, initiated with a Buy rating and assigned the stock a target price of $10.
On June 23, 2021, MKM Partners started tracking the stock assigning a Buy rating and target price of $6.
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 16.75M and an Enterprise Value of 15.10M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.24 while its Price-to-Book (P/B) ratio in mrq is 2.86. Its current Enterprise Value per Revenue stands at 0.21 whereas that against EBITDA is -0.32.
Stock Price History:
Over the past 52 weeks, FLGC has reached a high of $6.03, while it has fallen to a 52-week low of $0.63. The 50-Day Moving Average of the stock is 1.2142, while the 200-Day Moving Average is calculated to be 1.6273.
Shares Statistics:
According to the various share statistics, FLGC traded on average about 610.21K shares per day over the past 3-months and 3.34M shares per day over the past 10 days. A total of 8.94M shares are outstanding, with a floating share count of 6.91M. Insiders hold about 23.12% of the company’s shares, while institutions hold 12.53% stake in the company. Shares short for FLGC as of Mar 15, 2024 were 106.61k with a Short Ratio of 0.17, compared to 132.94k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.30% and a Short% of Float of 1.51%.
Earnings Estimates
The company has 1 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.05, while EPS last year was -$0.6. The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.04 and low estimates of -$0.04.
Analysts are recommending an EPS of between -$0.13 and -$0.13 for the fiscal current year, implying an average EPS of -$0.13. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.
Revenue Estimates
According to 1 analysts, the current quarter’s revenue is expected to be $17.18M. It ranges from a high estimate of $17.18M to a low estimate of $17.18M. As of the current estimate, Flora Growth Corp’s year-ago sales were $20.11M, an estimated decrease of -14.60% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $17.83M, a decrease of -14.40% over than the figure of -$14.60% in the same quarter last year. There is a high estimate of $17.83M for the next quarter, whereas the lowest estimate is $17.83M.
A total of 1 analysts have provided revenue estimates for FLGC’s current fiscal year. The highest revenue estimate was $71.86M, while the lowest revenue estimate was $71.86M, resulting in an average revenue estimate of $71.86M. In the same quarter a year ago, actual revenue was $76.07M, down -5.50% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $63.9M in the next fiscal year. The high estimate is $63.9M and the low estimate is $63.9M. The average revenue growth estimate for next year is down -11.10% from the average revenue estimate for this year.
