Flora Growth Corp (NASDAQ: FLGC) is 16.30% higher on its value in year-to-date trading and has touched a low of $0.75 and a high of $2.93 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 $1.55 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $1.57, the stock is 16.97% and 3.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing 1.29% at the moment leaves the stock 19.62% off its SMA200. FLGC registered 89.16% gain for a year compared to 6-month gain of 26.61%. The firm has a 50-day simple moving average (SMA 50) of $1.5083 and a 200-day simple moving average (SMA200) of $1.30854.
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The stock witnessed a -17.37% loss in the last 1 month and extending the period to 3 months gives it a 52.43%, and is 28.69% 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 10.42% over the week and 11.89% over the month.
Flora Growth Corp (FLGC) has around 108 employees, a market worth around $20.99M and $64.15M in sales. Profit margin for the company is -28.15%. Distance from 52-week low is 109.33% and -46.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-278.61%).
The EPS is expected to grow by 85.33% this year
24.0 institutions hold shares in Flora Growth Corp (FLGC), with institutional investors hold 4.40% of the company’s shares. The shares outstanding are 13.37M, and float is at 9.33M with Short Float at 5.87%. Institutions hold 3.39% of the Float.
The top institutional shareholder in the company is GLOBAL FINANCIAL PRIVATE CLIENT, LLC with over 249.0 shares valued at $254.0. The investor’s holdings represent 0.0028 of the FLGC Shares outstanding. As of 2024-06-30, the second largest holder is FARTHER FINANCE ADVISORS, LLC with 99.0 shares valued at $98.0 to account for 0.0011 of the shares outstanding.
Flora Growth Corp (FLGC) Insider Activity
The most recent transaction is an insider purchase by Starke Clifford, the company’s CEO. SEC filings show that Starke Clifford bought 6,795 shares of the company’s common stock on Sep 13 ’24 at a price of $0.95 per share for a total of $6455.0. Following the purchase, the insider now owns 6846.0 shares.
Flora Growth Corp disclosed in a document filed with the SEC on Sep 06 ’24 that Wolkin Harold (Director) bought a total of 25,000 shares of the company’s common stock. The trade occurred on Sep 06 ’24 and was made at $0.97 per share for $24255.0. Following the transaction, the insider now directly holds 25000.0 shares of the FLGC stock.
Still, SEC filings show that on Sep 05 ’24, Starke Clifford (CEO) acquired 51 shares at an average price of $0.95 for $48.0. The insider now directly holds 474,046 shares of Flora Growth Corp (FLGC).
