Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $0.63 in the prior trading day, Flora Growth Corp (NASDAQ: FLGC) closed at $0.59, down -6.60%. In other words, the price has decreased by -$6.60 from its previous closing price. On the day, 0.6 million shares were traded. FLGC stock price reached its highest trading level at $0.6398 during the session, while it also had its lowest trading level at $0.579.
Ratios:
Our goal is to gain a better understanding of FLGC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 1.05. In the meantime, Its Debt-to-Equity ratio is 1.53 whereas as Long-Term Debt/Eq ratio is at 0.88.
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:
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 13279423 and an Enterprise Value of 16897746. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25 while its Price-to-Book (P/B) ratio in mrq is 2.40. Its current Enterprise Value per Revenue stands at 0.317 whereas that against EBITDA is -1.316.
Stock Price History:
The Beta on a monthly basis for FLGC is 1.98, which has changed by -0.362256 over the last 52 weeks, in comparison to a change of 0.18569505 over the same period for the S&P500. 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 -10.12%, while the 200-Day Moving Average is calculated to be -35.49%.
Shares Statistics:
The stock has traded on average 178.65K shares per day over the past 3-months and 233570 shares per day over the last 10 days, according to various share statistics. A total of 19.44M shares are outstanding, with a floating share count of 14.75M. Insiders hold about 34.65% of the company’s shares, while institutions hold 3.96% stake in the company. Shares short for FLGC as of 1752537600 were 212581 with a Short Ratio of 1.19, compared to 1749772800 on 131506. Therefore, it implies a Short% of Shares Outstanding of 212581 and a Short% of Float of 1.08.
