NASDAQ:FLGC

Flora Growth (FLGC) Stock Price, News & Analysis

$1.55
-0.19 (-10.92%)
(As of 05:22 PM ET)
Today's Range
$1.50
$1.71
50-Day Range
$0.76
$2.67
52-Week Range
$0.63
$5.48
Volume
193,369 shs
Average Volume
624,914 shs
Market Capitalization
$16.57 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.00

Flora Growth MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
340.3% Upside
$7.00 Price Target
Short Interest
Bearish
13.36% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$999,998 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.50) to ($0.20) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.56 out of 5 stars

Medical Sector

446th out of 909 stocks

Pharmaceutical Preparations Industry

200th out of 423 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 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.

FLGC Stock Price History

FLGC Stock News Headlines

Flora Growth acquires German cannabis firm TruHC
Biden replacement revealed?
A former CIA insider just announced a disturbing prediction… Biden will withdraw as the Democrat nominee on June 13.
Biden replacement revealed?
A former CIA insider just announced a disturbing prediction… Biden will withdraw as the Democrat nominee on June 13.
Flora Growth Corp (FLGC)
Why Is Flora Growth (FLGC) Stock Up 7% Today?
LIFEIST WELLNESS INC. (M5B.BE)
See More Headlines
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Company Calendar

Today
4/24/2024
Next Earnings (Estimated)
5/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$7.00
High Stock Price Target
$7.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+340.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-57,040,000.00
Pretax Margin
-63.49%

Debt

Sales & Book Value

Annual Sales
$76.07 million
Book Value
$0.78 per share

Miscellaneous

Free Float
8,804,000
Market Cap
$17.00 million
Optionable
Not Optionable
Beta
1.92
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FLGC Stock Analysis - Frequently Asked Questions

Should I buy or sell Flora Growth stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Flora Growth in the last year. There are currently 1 buy rating 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 target for 2024?

1 brokerages have issued 12-month price targets for Flora Growth's stock. Their FLGC share price targets range from $7.00 to $7.00. On average, they predict the company's stock price to reach $7.00 in the next twelve months. This suggests a possible upside of 340.3% 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 2024?

Flora Growth's stock was trading at $1.35 at the beginning of 2024. Since then, FLGC stock has increased by 17.8% and is now trading at $1.59.
View the best growth stocks for 2024 here
.

Are investors shorting Flora Growth?

Flora Growth saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 923,100 shares, an increase of 765.9% from the March 15th total of 106,600 shares. Based on an average daily trading volume, of 689,300 shares, the days-to-cover ratio is currently 1.3 days. Currently, 13.4% of the company's 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, May 20th 2024.
View our FLGC earnings forecast
.

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?

Flora Growth's stock 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?

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

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FLGC) was last updated on 4/24/2024 by MarketBeat.com Staff

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