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S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
Federal Trade Commission is investigating ExxonMobil's $60B deal to acquire a Texas oil company
Zuckerberg sells Meta, Snowflake may be the better choice
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
A trial deciding if JetBlue can buy Spirit — and further consolidate the industry — nears its end
GitLab is developing an AI-powered market reversal 
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
Federal Trade Commission is investigating ExxonMobil's $60B deal to acquire a Texas oil company
Zuckerberg sells Meta, Snowflake may be the better choice
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
A trial deciding if JetBlue can buy Spirit — and further consolidate the industry — nears its end
GitLab is developing an AI-powered market reversal 
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
Federal Trade Commission is investigating ExxonMobil's $60B deal to acquire a Texas oil company
Zuckerberg sells Meta, Snowflake may be the better choice
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
A trial deciding if JetBlue can buy Spirit — and further consolidate the industry — nears its end
GitLab is developing an AI-powered market reversal 

Flora Growth Stock Price, News & Analysis (NASDAQ:FLGC)

$1.14
-0.24 (-17.33%)
(As of 12/5/2023 ET)
Compare
Today's Range
$1.02
$1.39
50-Day Range
$0.67
$1.39
52-Week Range
$0.63
$11.90
Volume
227,539 shs
Average Volume
103,444 shs
Market Capitalization
$9.40 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$40.00

Flora Growth MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
3,393.4% Upside
$40.00 Price Target
Short Interest
Healthy
1.95% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

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

1.99 out of 5 stars

Medical Sector

498th out of 949 stocks

Pharmaceutical Preparations Industry

216th out of 421 stocks


FLGC stock logo

About Flora Growth Stock (NASDAQ:FLGC)

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 flower, and cannabis derived medical and wellness products; offers skincare and beauty products; develops plant-based and medical-grade pharmaceuticals, phytotherapeutics, and dietary supplements. The company also manufactures, distributes, and retails cannabidiol (CBD) derived products, such as gummies, topicals, tinctures, and vape products; lifestyle wellness products; provides cannabis consumption accessories, personal storage, and travel accessories for vape and dry herb categories; and offers fruit juices and canned goods in supermarkets, discount retailers, coffee shops, restaurants, and airports. In addition, it provides beverage products; cannabis formulations to treat ailments, such as anxiety, insomnia, and pain. The company sells its products under the JustCBD, Vessel, and Mambe, as well as Stardog Loungewear, No Cap Hemp Co, Original Hemp, Kalaya, and Mind Naturals brands. Flora Growth Corp. was incorporated in 2019 and is headquartered in Toronto, Canada.

FLGC Stock Price History

FLGC Stock News Headlines

Why Is Flora Growth (FLGC) Stock Up 7% Today?
Henry Ford Would NEVER Have Seen This Coming
In 1908, Henry Ford used a metal called vanadium in his Model T cars. Over a century later, automakers still turn to vanadium to make car bodies lighter and stronger. Today, this under-appreciated metal plays the starring role in cutting-edge battery tech set to revolutionize the energy storage market.
LIFEIST WELLNESS INC. (M5B.BE)
Henry Ford Would NEVER Have Seen This Coming
In 1908, Henry Ford used a metal called vanadium in his Model T cars. Over a century later, automakers still turn to vanadium to make car bodies lighter and stronger. Today, this under-appreciated metal plays the starring role in cutting-edge battery tech set to revolutionize the energy storage market.
Flora Growth Corp. Announces Resignation of Director
Former Flora Growth CEO steps down as director
Flora Growth Corp.
See More Headlines
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Company Calendar

Last Earnings
11/08/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/29/2024

Industry, Sector and Symbol

Industry
Pharmaceutical preparations
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:FLGC
Fax
N/A
Employees
337
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$40.00
High Stock Price Target
$60.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+3,393.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-52,420,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$72.42 million
Book Value
$14.66 per share

Miscellaneous

Free Float
6,764,000
Market Cap
$9.40 million
Optionable
Not Optionable
Beta
1.58
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Key Executives

  • Mr. Clifford A. Starke (Age 39)
    CEO & Director
  • Mr. Dany Vaiman (Age 37)
    Chief Financial Officer
  • Mr. Aaron Atin (Age 38)
    Corporate Secretary
  • Ms. Holly Bell
    Vice President of Regulatory Affairs














FLGC Stock Analysis - Frequently Asked Questions

Should I buy or sell Flora Growth stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Flora Growth in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

2 brokerages have issued 1-year price targets for Flora Growth's stock. Their FLGC share price targets range from $20.00 to $60.00. On average, they anticipate the company's share price to reach $40.00 in the next year. This suggests a possible upside of 3,393.4% 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 $4.5520 at the start of the year. Since then, FLGC shares have decreased by 74.8% and is now trading at $1.1450.
View the best growth stocks for 2023 here
.

Are investors shorting Flora Growth?

Flora Growth saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 117,500 shares, an increase of 9.1% from the October 31st total of 107,700 shares. Based on an average daily volume of 178,400 shares, the days-to-cover ratio is presently 0.7 days. Currently, 2.0% of the shares of the company are short sold.
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 Friday, March 29th 2024.
View our FLGC earnings forecast
.

How were Flora Growth's earnings last quarter?

Flora Growth Corp. (NASDAQ:FLGC) issued its quarterly earnings results on Wednesday, November, 8th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.15. The firm had revenue of $17.32 million for the quarter, compared to analyst estimates of $21.13 million. Flora Growth had a negative net margin of 84.86% and a negative trailing twelve-month return on equity of 56.02%.

What ETF holds Flora Growth's stock ?

Global X Cannabis ETF holds 443,087 shares of FLGC stock, representing 3.38% of its portfolio.

When did Flora Growth's stock split?

Shares of Flora Growth reverse split on the morning of 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 closing bell 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.

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 $4.00-$5.00 per share. Boustead Securities served as the underwriter for the IPO.

Who are Flora Growth's major shareholders?

Flora Growth's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (7.24%) and Armistice Capital LLC (5.45%).

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.

This page (NASDAQ:FLGC) was last updated on 12/6/2023 by MarketBeat.com Staff

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