The latest data from GuruFocus shows that CEO N/A bought 2000 shares of FlooidCX Corp (FLCX) on 2023-05-16.
When insiders buy shares of their company’s stock, it can often be a positive sign. It could signal that insiders are turning bullish on the future of their company. Insiders know far more about their company than the general public does, so it is worth paying attention to their trades. With this in mind, let’s take a look at this insider buy to see if FlooidCX Corp deserves the attention of investors.
Dennis Danzik’s trades
Over the past year, Dennis Danzik has purchased 0 shares in total.
This means that Dennis Danzik has been buying their company’s stock over the long term. This could be a positive sign for the stock’s future.
Insider trends
Some investors may wonder whether one insider’s buys are that important. Are other insiders buying the stock as well, or are other insiders selling?
The insider transaction history for FlooidCX Corp shows than there have been 15 insiders buys in total over the past year. Meanwhile, there have been 0 insider sells over the same timeframe.
We like to see more insider buys compared to insider sells. This indicates a bullish trend among the company’s top executives and owners. The more insiders are buying, the more likely it is that the stock is undervalued.
Valuation
Shares of FlooidCX Corp were trading for $3.5 apice on the day of Dennis Danzik’s recent buy. This gives the stock a market cap of $7.032 Millions.
With a price of $3.5 and a GuruFocus Value $0.58, FlooidCX Corp has a price-to-GF-Value ratio of 6.03. This means the stock is Significantly Overvalued based on its GF Value.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
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