Flora Growth Corp (NASDAQ: FLGC) is 25.19% higher on its value in year-to-date trading and has touched a low of $0.63 and a high of $6.03 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FLGC stock was last observed hovering at around $1.58 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $1.69, the stock is 47.68% and 44.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.96 million and changing 6.96% at the moment leaves the stock 0.95% off its SMA200. FLGC registered -69.82% loss for a year compared to 6-month loss of 53.64%. The firm has a 50-day simple moving average (SMA 50) of $0.16 and a 200-day simple moving average (SMA200) of -$0.24.
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The stock witnessed a 77.69% gain in the last 1 month and extending the period to 3 months gives it a 26.12%, and is 37.40% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 26.44% over the week and 13.36% over the month.
Flora Growth Corp (FLGC) has around 343 employees, a market worth around $13.87M and $70.37M in sales. Profit margin for the company is -82.89%. Distance from 52-week low is 168.25% and -71.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-379.93%).
Flora Growth Corp quarterly earnings per share for the current quarter are estimated at -$0.07 with sales reaching $16.52M over the same period.The EPS is expected to grow by 59.36% this year, but quarterly earnings will post 100.70% year-over-year. Quarterly sales are estimated to grow 43.80% in year-over-year returns.
Flora Growth Corp (FLGC) Top Institutional Holders
26 institutions hold shares in Flora Growth Corp (FLGC), with institutional investors hold 18.57% of the company’s shares. The shares outstanding are 6.78M, and float is at 6.31M with Short Float at 2.08%. Institutions hold 15.48% of the Float.
The top institutional shareholder in the company is Mirae Asset Global Investments Co., Ltd. with over 0.99 million shares valued at $1.67 million. The investor’s holdings represent 12.04% of the FLGC Shares outstanding. As of Dec 30, 2023, the second largest holder is Renaissance Technologies, LLC with 60613.0 shares valued at $0.1 million to account for 0.74% of the shares outstanding. The other top investors are Geode Capital Management, LLC which holds 36295.0 shares representing 0.44% and valued at over $61338.0, while Vanguard Group Inc holds 0.21% of the shares totaling 16990.0 with a market value of $28713.0.
