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NASDAQ:FLGC

Flora Growth (FLGC) Stock Price, News & Analysis

Flora Growth logo
$1.90
-0.08 (-4.04%)
(As of 10/29/2024 ET)

About Flora Growth Stock (NASDAQ:FLGC)

Key Stats

Today's Range
$1.81
$2.05
50-Day Range
$0.93
$2.03
52-Week Range
$0.68
$2.93
Volume
327,851 shs
Average Volume
356,766 shs
Market Capitalization
$25.40 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.00
Consensus Rating
Moderate Buy

Company Overview

Flora Growth Corp., together with its subsidiaries, engages in the growth, cultivation, and development of medicinal cannabis and medicinal cannabis derivative products worldwide. It operates through three segments: House of Brands, Commercial and Wholesale, and Pharmaceuticals. The company cultivates, processes, and supplies medicinal-grade cannabis flower, and cannabis derived medical and wellness products. It also offers food and beverage, nutraceuticals, cannabis accessories and technology, personal care, and wellness; cannabidiol (CBD) derived products, such as gummies, topicals, tinctures, and vape products; cannabis consumption accessories, personal storage, and travel accessories for the vape and dry herbs. In addition, the company manufactures and distributes pharmaceutical goods and medical cannabis products to treat a variety of health indications, including drugs related to cancer therapies, attention-deficit/hyperactivity disorder, multiple sclerosis, and anti-depressants. The company sells its products under the JustCBD, Vessel, and Phatebo brands. Flora Growth Corp. was incorporated in 2019 and is based in Fort Lauderdale, Florida.

Flora Growth Stock Analysis - MarketRank™

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59th Percentile Overall Score

FLGC MarketRank™: 

Flora Growth scored higher than 59% of companies evaluated by MarketBeat, and ranked 496th out of 999 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Flora Growth has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Flora Growth has only been the subject of 1 research reports in the past 90 days.

  • Read more about Flora Growth's stock forecast and price target.
  • Earnings Growth

    Earnings for Flora Growth are expected to grow in the coming year, from ($0.48) to $0.18 per share.

  • Price to Book Value per Share Ratio

    Flora Growth has a P/B Ratio of 2.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Flora Growth's valuation and earnings.
  • Percentage of Shares Shorted

    2.27% of the float of Flora Growth has been sold short.
  • Short Interest Ratio / Days to Cover

    Flora Growth has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Flora Growth has recently increased by 43.73%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Flora Growth does not currently pay a dividend.

  • Dividend Growth

    Flora Growth does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.27% of the float of Flora Growth has been sold short.
  • Short Interest Ratio / Days to Cover

    Flora Growth has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Flora Growth has recently increased by 43.73%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Flora Growth has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Flora Growth this week, compared to 1 article on an average week.
  • Search Interest

    7 people have searched for FLGC on MarketBeat in the last 30 days. This is an increase of 250% compared to the previous 30 days.
  • MarketBeat Follows

    5 people have added Flora Growth to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Flora Growth insiders have bought more of their company's stock than they have sold. Specifically, they have bought $30,754.00 in company stock and sold $0.00 in company stock.

  • Percentage Held by Insiders

    12.99% of the stock of Flora Growth is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 36.01% of the stock of Flora Growth is held by institutions.

  • Read more about Flora Growth's insider trading history.
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FLGC Stock News Headlines

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FLGC Stock Analysis - Frequently Asked Questions

Flora Growth's stock was trading at $1.35 at the start of the year. Since then, FLGC stock has increased by 40.7% and is now trading at $1.90.
View the best growth stocks for 2024 here
.

Flora Growth Corp. (NASDAQ:FLGC) posted its quarterly earnings data on Monday, August, 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.17. The company had revenue of $15.68 million for the quarter, compared to the consensus estimate of $20.74 million. Flora Growth had a negative net margin of 21.56% and a negative trailing twelve-month return on equity of 161.06%.

Flora Growth shares reverse split before market open on Friday, June 9th 2023. The 1-20 reverse split was announced on Friday, June 9th 2023. The number of shares owned by shareholders was adjusted after the market closes on Friday, June 9th 2023. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

Flora Growth (FLGC) raised $15 million in an IPO on Tuesday, May 11th 2021. The company issued 3,300,000 shares at $4.00-$5.00 per share. Boustead Securities served as the underwriter for the IPO.

Shares of FLGC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Flora Growth investors own include Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Pfizer (PFE), Tesla (TSLA), NIO (NIO) and Palantir Technologies (PLTR).

Company Calendar

Last Earnings
8/12/2024
Today
10/30/2024
Next Earnings (Estimated)
11/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
Pharmaceutical Products
Current Symbol
NASDAQ:FLGC
Fax
N/A
Employees
280
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$6.00
High Stock Price Target
$6.00
Low Stock Price Target
$6.00
Potential Upside/Downside
+215.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-57,040,000.00
Pretax Margin
-18.64%

Debt

Sales & Book Value

Annual Sales
$76.07 million
Book Value
$0.78 per share

Miscellaneous

Free Float
11,631,000
Market Cap
$25.40 million
Optionable
Not Optionable
Beta
1.86
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This page (NASDAQ:FLGC) was last updated on 10/30/2024 by MarketBeat.com Staff
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