Flora Growth Corp [NASDAQ: FLGC] slipped around -0.25 points on Wednesday, while shares priced at $1.65 at the close of the session, down -12.89%.
Compared to the average trading volume of 198.97K shares, FLGC reached a trading volume of 3451845 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Flora Growth Corp [FLGC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FLGC shares is $5.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FLGC stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH Capital have made an estimate for Flora Growth Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 13, 2021. While these analysts kept the previous recommendation, MKM Partners raised their target price to Buy. The new note on the price target was released on June 23, 2021, representing the official price target for Flora Growth Corp stock.
The Average True Range (ATR) for Flora Growth Corp is set at 0.23, with the Price to Sales ratio for FLGC stock in the period of the last 12 months amounting to 0.32. The Price to Book ratio for the last quarter was 3.03, with the Price to Cash per share for the same quarter was set at 0.46.
How has FLGC stock performed recently?
Flora Growth Corp [FLGC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.65. With this latest performance, FLGC shares dropped by -6.50% in over the last four-week period, additionally sinking by -3.22% over the last 6 months – not to mention a rise of 125.38% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FLGC stock in for the last two-week period is set at 50.97, with the RSI for the last a single of trading hit 47.15, and the three-weeks RSI is set at 53.12 for Flora Growth Corp [FLGC]. The present Moving Average for the last 50 days of trading for this stock 1.3852, while it was recorded at 1.8090 for the last single week of trading, and 1.2988 for the last 200 days.
Flora Growth Corp [FLGC]: Deeper insight into the fundamentals
Flora Growth Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.79 and a Current Ratio set at 1.16.
Insider trade positions for Flora Growth Corp [FLGC]
There are presently around $3.27%, or 4.24%% of FLGC stock, in the hands of institutional investors. The top three institutional holders of FLGC stocks are: GLOBAL FINANCIAL PRIVATE CLIENT, LLC with ownership of 249.0 shares, which is approximately 0.0028%. FARTHER FINANCE ADVISORS, LLC, holding 99.0 shares of the stock with an approximate value of $$98.0 in FLGC stocks shares; and FARTHER FINANCE ADVISORS, LLC, currently with $$61.0 in FLGC stock with ownership which is approximately 0.0007%.