NASDAQ:FLGC

Flora Growth - FLGC Stock Forecast, Price & News

$0.73

-0.06 (-7.58%)

(As of 09/27/2022 12:00 AM ET)

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Today's Range: $0.70
▼
$0.83
50-Day Range: $0.60
▼
$1.25
52-Week Range: $0.59
▼
$6.41

Volume: 504,829 shs
Average Volume: 885,885 shs
Market Capitalization: $47.91 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $6.25

Flora Growth MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 754.8% Upside
$6.25 Price Target
Short Interest: Healthy
1.70% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.29
Based on 10 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.56) to ($0.20) Per Share

Overall MarketRank^™

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

2.27 out of 5 stars

Medical Sector

619th out of 1,071 stocks

Pharmaceutical Preparations Industry

290th out of 531 stocks

3.3

Analyst's Opinion

Consensus Rating
Flora Growth has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $6.25, Flora Growth has a forecasted upside of 754.8% from its current price of $0.73.
Amount of Analyst Coverage
Flora Growth has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.70% 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 2.1, 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 33.71%, 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.

2.9

News and Social Media Coverage

News Sentiment
Flora Growth has a news sentiment score of 1.29. 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 0.63 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Flora Growth this week, compared to 2 articles on an average week.
Search Interest
Only 5 people have searched for FLGC on MarketBeat in the last 30 days. This is a decrease of -55% compared to the previous 30 days.
MarketBeat Follows
Only 6 people have added Flora Growth to their MarketBeat watchlist in the last 30 days. This is a decrease of -68% compared to the previous 30 days.

0.0

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 Institutions
Only 6.63% 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 ($0.56) to ($0.20) per share.
Price to Book Value per Share Ratio
Flora Growth has a P/B Ratio of 0.62. 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

September 26, 2022 | americanbankingnews.com

Flora Growth (NASDAQ:FLGC) & BeiGene (NASDAQ:BGNE) Head-To-Head Comparison

September 26, 2022 | finance.yahoo.com

Flora Growth Completes Multiple Commercial Cannabis Exports Into New International Markets

September 26, 2022 | americanbankingnews.com

Alliance Global Partners Initiates Coverage on Flora Growth (NASDAQ:FLGC)

September 22, 2022 | benzinga.com

Flora Growth CEO Discusses Mergers & Acquisitions During the Benzinga Cannabis Capital Conference

September 21, 2022 | marketwatch.com

Flora Growth Corp. (NASDAQ: FLGC) 7x YOY Revenue Growth for H1 2022 Affirms Hyper Growth

September 13, 2022 | baystreet.ca

Flora Growth Voted Best M&A

September 7, 2022 | finance.yahoo.com

Flora Growth Acquires No Cap Hemp Co., Bolstering Product Offering And Revenue Streams

August 23, 2022 | finance.yahoo.com

FLGC: 1H22 Results Support Positive Revenue Outlook As FLGC Maintains Growth Initiatives

August 16, 2022 | seekingalpha.com

Flora Growth Corp. (FLGC) CEO Luis Merchan on Q2 2022 Results - Earnings Call Transcript

August 16, 2022 | finance.yahoo.com

Flora Growth Reports H1 2022 Financial Results

August 15, 2022 | benzinga.com

604% Revenue Increase: Flora Growth Reports Financial Results For First Half Of 2022

August 10, 2022 | finance.yahoo.com

Flora Growth Sets First Half 2022 Conference Call for August 15, 2022, at 4:30 p.m. ET

August 7, 2022 | nasdaq.com

Breakeven On The Horizon For Flora Growth Corp. (NASDAQ:FLGC)

July 30, 2022 | finance.yahoo.com

Flora Growth Corp. (NASDAQ:FLGC): Is Breakeven Near?

July 19, 2022 | theglobeandmail.com

Flora Growth (NASDAQ: FLGC) Poised for First-Mover Advantage

July 12, 2022 | finance.yahoo.com

Integrating Cannabis Supply Chains: Meet Luis Merchan Of Flora Growth, A Globally-Expanding Cannabis Company

July 11, 2022 | theglobeandmail.com

Flora Growth (NASDAQ: FLGC) Names Former Amazon, Boeing Exec as CFO

July 11, 2022 | finance.yahoo.com

Flora Growth Taps Amazon Executive Elshad Garayev As Chief Financial Officer

July 1, 2022 | theglobeandmail.com

Flora Growth (NASDAQ: FLGC) Anticipates Growth Under New Colombian Administration

June 21, 2022 | finance.yahoo.com

Flora Growth Congratulates Colombia’s Pro-Cannabis President-Elect

June 16, 2022 | finance.yahoo.com

FLGC: Laying the Groundwork For Global Sales of Cannabis & Related Products

June 16, 2022 | seekingalpha.com

Flora Growth to repurchase $5M of common stock

June 16, 2022 | finance.yahoo.com

Flora Growth Corp. Announces $5 Million Share Repurchase Program

June 10, 2022 | theglobeandmail.com

Flora Growth (NASDAQ: FLGC) Adding to Cannabis Product Line, Research

May 31, 2022 | seekingalpha.com

Flora Growth announces launch of JustCBD product line on Amazon UK

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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FLGC Company Calendar

Today: 9/28/2022
Fiscal Year End: 12/31/2022

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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: 416-861-2267
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $6.25
High Stock Price Forecast: $10.00
Low Stock Price Forecast: $2.50
Forecasted Upside/Downside: +754.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 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: 0.04
Current Ratio: 3.18
Quick Ratio: 2.09

Sales & Book Value

Annual Sales: $8.98 million
Price / Sales: 5.33
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.17 per share
Price / Book: 0.62

Miscellaneous

Outstanding Shares: 65,517,000
Free Float: N/A
Market Cap: $47.91 million
Optionable: Not Optionable
Beta: 1.57

Key Executives

Mr. Luis Merchan (Age 41)
Pres, CEO & Chairman
Comp: $745.25k

Dr. Bernard Raymond Wilson F.C.A. (Age 79)
FCA, FCPA, ICD.D, LLD(H), Advisor
Comp: $148k

Mr. Elshad Garayev CPA
CPA, Chief Financial Officer

Mr. Matthew S. Cohen (Age 56)
Gen. Counsel

Ms. Jessie Casner (Age 34)
Chief Marketing Officer

Mr. James Choe (Age 43)
Chief Strategy Officer

Mr. Aaron Atin (Age 38)
Corp. Sec.

Mr. Javier Franco (Age 54)
VP Agriculture

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FLGC Stock - Frequently Asked Questions

Should I buy or sell Flora Growth stock right now?: 3 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 2 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 2022?: 3 Wall Street analysts have issued 12 month target prices for Flora Growth's stock. Their FLGC share price forecasts range from $2.50 to $10.00. On average, they anticipate the company's share price to reach $6.25 in the next year. This suggests a possible upside of 754.8% 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 2022?: Flora Growth's stock was trading at $1.78 at the start of the year. Since then, FLGC stock has decreased by 58.9% and is now trading at $0.7312.
View the best growth stocks for 2022 here.
When did Flora Growth IPO?: (FLGC) raised $15 million in an initial public offering (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 retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (0.95%), Millennium Management LLC (0.65%), Citadel Advisors LLC (0.53%) and Virtu Financial LLC (0.24%).
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 $0.73.
How much money does Flora Growth make?: Flora Growth (NASDAQ:FLGC) has a market capitalization of $47.91 million and generates $8.98 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 416-861-2267.

This page (NASDAQ:FLGC) was last updated on 9/28/2022 by MarketBeat.com Staff

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Flora Growth - FLGC Stock Forecast, Price & News

Flora Growth MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows