NASDAQ:FLGC

Flora Growth (FLGC) Stock Forecast, Price & News

$0.23

0.00 (0.00%)

(As of 05/31/2023 ET)

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Today's Range: $0.22
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$0.23
50-Day Range: $0.18
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$0.29
52-Week Range: $0.17
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$1.27

Volume: 399,203 shs
Average Volume: 1.54 million shs
Market Capitalization: $32.21 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.00

Flora Growth MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 752.2% Upside
$2.00 Price Target
Short Interest: Healthy
0.17% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.22) to ($0.07) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

Medical Sector

236th out of 1,006 stocks

Pharmaceutical Preparations Industry

104th out of 492 stocks

3.4

Analyst's Opinion

Consensus Rating
Flora Growth has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $2.00, Flora Growth has a forecasted upside of 752.2% from its current price of $0.23.
Amount of Analyst Coverage
Flora Growth has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.17% 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 0.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Flora Growth has recently decreased by 80.57%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Flora Growth does not currently pay a dividend.
Dividend Growth
Flora Growth does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FLGC.

2.5

News and Social Media Coverage

News Sentiment
Flora Growth has a news sentiment score of 1.54. 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 higher news sentiment than the 0.79 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Flora Growth this week, compared to 2 articles on an average week.
MarketBeat Follows
Only 6 people have added Flora Growth to their MarketBeat watchlist in the last 30 days. This is a decrease of -45% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Flora Growth insiders have not sold or bought any company stock.
Percentage Held by Insiders
17.60% 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 5.69% of the stock of Flora Growth is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Flora Growth are expected to grow in the coming year, from ($0.22) to ($0.07) per share.
Price to Book Value per Share Ratio
Flora Growth has a P/B Ratio of 0.60. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Flora Growth (NASDAQ:FLGC) Stock

Flora Growth Corp., together with its subsidiaries, engages in the growth, cultivation, and development of medicinal cannabis and medicinal cannabis derivative products to pharmacies, medical clinics, and cosmetic companies worldwide. It cultivates, processes, and supplies medicinal-grade cannabis oil, and cannabis derived medical and wellness products; offers skincare and beauty products; develops plant-based and medical-grade pharmaceuticals, phytotherapeutics, and dietary supplements; and designs and markets loungewear made from hemp-derived fabric and materials. The company also manufactures, distributes, and retails cannabidiol (CBD) derived products, such as gummies, topicals, tinctures, and vape products; lifestyle wellness products, including edibles, bath and body, pets, sports recovery, etc.; provides cannabis consumption accessories, personal storage, and travel accessories for vape and dry herb categories; and offers juices, exotic fruits coated with chocolate, and chocolate bars, as well as dried fruits, beans, and pulp from Amazonian fruits in supermarkets, discount retailers, coffee shops, restaurants, and airports. In addition, it engages in the manufacturing, promotion, and distribution of beverage products; manufacture and sale of product formulations for pain relief; and development of pharmaceutical cannabinoid formula for the prevention of Sars-Cov-2. The company sells its products under the JustCBD, Vessel, Mind Naturals, Mambe, Stardog, Tonino Lamborghini, and Kalaya brands. Flora Growth Corp. was incorporated in 2019 and is headquartered in Toronto, Canada.

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FLGC Stock News Headlines

May 24, 2023 | finance.yahoo.com

Flora Growth Corp. Announces Change to Location of Annual and Special Meeting

May 19, 2023 | msn.com

Roth MKM Maintains Flora Growth (FLGC) Buy Recommendation

June 1, 2023 | Behind the Markets (Ad)

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May 17, 2023 | marketwatch.com

InvestorNewsBreaks - Flora Growth Corp. (NASDAQ: FLGC) Releases Q1 2023 Financial Report

May 16, 2023 | msn.com

Flora Growth Achieves Highest Revenue-Generating Quarter In Its History, Plans Further Cost Reductions

May 15, 2023 | finance.yahoo.com

Flora Growth Reports First Quarter 2023 Financial Results

April 30, 2023 | americanbankingnews.com

Financial Comparison: Flora Growth (NASDAQ:FLGC) & Gain Therapeutics (NASDAQ:GANX)

April 26, 2023 | benzinga.com

Flora Growth Corp CEO Talks Tech-Driven Changes To Cannabis Supply Chains At The Benzinga Cannabis Capital Conference

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April 24, 2023 | msn.com

TILT Holdings Appoints Tim Conder Interim CEO In C-Suite Shakeup

April 23, 2023 | americanbankingnews.com

Flora Growth (NASDAQ:FLGC) Rating Reiterated by Roth Capital

April 20, 2023 | marketwatch.com

InvestorNewsBreaks - Flora Growth Corp. (NASDAQ: FLGC) Names Serial Entrepreneur as New CEO, Board Member

April 19, 2023 | markets.businessinsider.com

Roth MKM Remains a Buy on Flora Growth (FLGC)

April 19, 2023 | bizjournals.com

Cannabis company has new leadership after CEO resignation

April 18, 2023 | msn.com

Flora Growth's Luis Merchan resigns, Hussein Rakine new CEO

April 18, 2023 | msn.com

Flora Growth Appoints Hussein Rakine As CEO And Board Member As Merchan Resigns

April 18, 2023 | markets.businessinsider.com

Flora Growth Appoints Hussein Rakine As CEO After Luis Merchan Resigns

April 18, 2023 | finance.yahoo.com

Flora Growth Corp. Announces the Appointment of Hussein Rakine as CEO and Member of the Board of Directors

April 9, 2023 | finance.yahoo.com

Flora Growth Corp. (NASDAQ:FLGC) Q4 2022 Earnings Call Transcript

April 7, 2023 | americanbankingnews.com

Alliance Global Partners Analysts Cut Earnings Estimates for Flora Growth Corp. (NASDAQ:FLGC)

April 6, 2023 | americanbankingnews.com

Flora Growth (NASDAQ:FLGC) Price Target Cut to $1.00 by Analysts at Alliance Global Partners

April 4, 2023 | benzinga.com

Flora Growth Launches Prescription Cannabis Medicines In Colombia

April 4, 2023 | finance.yahoo.com

Flora Growth Receives CGMP Certification of Compound Formulation Lab; Launches Prescription Cannabis Medicines in Colombia

April 1, 2023 | americanbankingnews.com

Flora Growth (FLGC) to Release Quarterly Earnings on Monday

March 31, 2023 | finance.yahoo.com

Flora Growth Reports 2022 Year-End Financial Results: $37.2M in Revenue, 314% Growth Year-Over-Year

March 23, 2023 | americanbankingnews.com

Flora Growth Corp. to Post FY2023 Earnings of ($0.43) Per Share, Zacks Small Cap Forecasts (NASDAQ:FLGC)

March 20, 2023 | finance.yahoo.com

FLGC: Factors Supporting 2023 Expected Revenue

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FLGC Company Calendar

Last Earnings: 3/31/2023
Today: 6/01/2023
Next Earnings (Estimated): 8/21/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Pharmaceutical preparations
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:FLGC
CUSIP: N/A
CIK: 1790169
Web: floragrowth.ca
Phone: 954-842-4989
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $2.00
High Stock Price Forecast: $3.00
Low Stock Price Forecast: $1.00
Forecasted Upside/Downside: +752.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 0.03
Current Ratio: 1.80
Quick Ratio: 1.13

Sales & Book Value

Annual Sales: $52.33 million
Price / Sales: 0.62
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.39 per share
Price / Book: 0.60

Miscellaneous

Outstanding Shares: 137,240,000
Free Float: 113,086,000
Market Cap: $32.21 million
Optionable: Not Optionable
Beta: 1.19

Key Executives

Mr. Luis Merchan (Age 42)
Pres, CEO & Chairman
Comp: $745.25k

Dr. Bernard Raymond Wilson F.C.A. (Age 80)
FCA, FCPA, ICD.D, LLD(H), Advisor
Comp: $148k

Mr. Elshad Garayev CPA
CPA, Chief Financial Officer

Mr. Matthew S. Cohen (Age 57)
Gen. Counsel

Ms. Jessie Casner (Age 35)
Chief Marketing Officer

Mr. James Choe (Age 44)
Chief Strategy Officer

Mr. Aaron Atin (Age 39)
Corp. Sec.

Mr. Javier Franco (Age 55)
VP Agriculture

Ms. Holly Bell
VP of Regulatory Affairs

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

FLGC Stock - Frequently Asked Questions

Should I buy or sell Flora Growth stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Flora Growth in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FLGC shares.
View FLGC analyst ratings or view top-rated stocks.
What is Flora Growth's stock price forecast for 2023?: 4 brokerages have issued 12 month target prices for Flora Growth's shares. Their FLGC share price forecasts range from $1.00 to $3.00. On average, they predict the company's share price to reach $2.00 in the next year. This suggests a possible upside of 752.2% from the stock's current price.
View analysts price targets for FLGC or view top-rated stocks among Wall Street analysts.
How have FLGC shares performed in 2023?: Flora Growth's stock was trading at $0.2276 on January 1st, 2023. Since then, FLGC stock has increased by 3.1% and is now trading at $0.2347.
View the best growth stocks for 2023 here.
Are investors shorting Flora Growth?: Flora Growth saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 198,200 shares, a decrease of 80.6% from the April 30th total of 1,020,000 shares. Based on an average daily volume of 905,900 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.
View Flora Growth's Short Interest.
When is Flora Growth's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023.
View our FLGC earnings forecast.
How were Flora Growth's earnings last quarter?: Flora Growth Corp. (NASDAQ:FLGC) released its quarterly earnings data on Friday, March, 31st. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.06. The business earned $11.49 million during the quarter, compared to analysts' expectations of $12.31 million.
What ETFs hold Flora Growth's stock?: ETFs with the largest weight of Flora Growth (NASDAQ:FLGC) stock in their portfolio include Global X Cannabis ETF (POTX),

What guidance has Flora Growth issued on next quarter's earnings?: Flora Growth updated its FY 2023 earnings guidance on Monday, April, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $90.00 million-$105.00 million, compared to the consensus revenue estimate of $92.03 million.
When did Flora Growth IPO?: (FLGC) raised $15 million in an IPO on Tuesday, May 11th 2021. The company issued 3,300,000 shares at a price of $4.00-$5.00 per share. Boustead Securities acted as the underwriter for the IPO.
What is Flora Growth's stock symbol?: Flora Growth trades on the NASDAQ under the ticker symbol "FLGC."
Who are Flora Growth's major shareholders?: Flora Growth's stock is owned by a variety of institutional and retail investors. Top institutional investors include Highbridge Capital Management LLC (5.16%) and Mirae Asset Global Investments Co. Ltd. (2.42%).
How do I buy shares of Flora Growth?: Shares of FLGC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Flora Growth's stock price today?: One share of FLGC stock can currently be purchased for approximately $0.23.
How much money does Flora Growth make?: Flora Growth (NASDAQ:FLGC) has a market capitalization of $32.21 million and generates $52.33 million in revenue each year.
How can I contact Flora Growth?: The official website for the company is floragrowth.ca. The company can be reached via phone at 954-842-4989.

This page (NASDAQ:FLGC) was last updated on 6/1/2023 by MarketBeat.com Staff

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