In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
In the latest session, Flora Growth Corp (NASDAQ: FLGC) closed at $1.28 down -5.88% from its previous closing price of $1.36. In other words, the price has decreased by -$5.88 from its previous closing price. On the day, 0.52 million shares were traded. FLGC stock price reached its highest trading level at $1.36 during the session, while it also had its lowest trading level at $1.0899.
Ratios:
For a deeper understanding of Flora Growth Corp’s stock, let’s take a closer look at its various ratios. 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.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 08 ’24 when Starke Clifford bought 526,315 shares for $1.90 per share. The transaction valued at 999,998 led to the insider holds 565,714 shares of the business.
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 16405120 and an Enterprise Value of 10771390. 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 1.79. Its current Enterprise Value per Revenue stands at 0.142 whereas that against EBITDA is -1.288.
Stock Price History:
The Beta on a monthly basis for FLGC is 2.04, which has changed by -0.657754 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, FLGC has reached a high of $5.48, while it has fallen to a 52-week low of $0.63. The 50-Day Moving Average of the stock is -15.70%, while the 200-Day Moving Average is calculated to be -17.00%.
Shares Statistics:
For the past three months, FLGC has traded an average of 770.76K shares per day and 323930 over the past ten days. A total of 8.94M shares are outstanding, with a floating share count of 7.73M. Insiders hold about 27.64% of the company’s shares, while institutions hold 10.54% stake in the company. Shares short for FLGC as of 1713139200 were 566281 with a Short Ratio of 0.73, compared to 1710460800 on 106612. Therefore, it implies a Short% of Shares Outstanding of 566281 and a Short% of Float of 6.68.
Earnings Estimates
As of right now, 2.0 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.22 for the current quarter, with a high estimate of -$0.17 and a low estimate of -$0.26, while EPS last year was -$0.6. The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.1 and low estimates of -$0.15.
Analysts are recommending an EPS of between -$0.48 and -$0.53 for the fiscal current year, implying an average EPS of -$0.5. EPS for the following year is -$0.2, with 1.0 analysts recommending between -$0.2 and -$0.2.
Revenue Estimates
A total of 2 analysts believe the company’s revenue will be $18.14M this quarter.It ranges from a high estimate of $19.1M to a low estimate of $17.18M. As of the current estimate, Flora Growth Corp’s year-ago sales were $20.11MFor the next quarter, 2 analysts are estimating revenue of $20.72M. There is a high estimate of $23.62M for the next quarter, whereas the lowest estimate is $17.83M.
A total of 2 analysts have provided revenue estimates for FLGC’s current fiscal year. The highest revenue estimate was $85.88M, while the lowest revenue estimate was $71.86M, resulting in an average revenue estimate of $78.87M. In the same quarter a year ago, actual revenue was $76.07MBased on 1 analysts’ estimates, the company’s revenue will be $86.3B in the next fiscal year. The high estimate is $86.3B and the low estimate is $86.3B.
