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S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Asian shares mostly rise after House approves debt ceiling deal
Having Trouble in Your Trading? (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?
S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Asian shares mostly rise after House approves debt ceiling deal
Having Trouble in Your Trading? (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?
S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Asian shares mostly rise after House approves debt ceiling deal
Having Trouble in Your Trading? (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?

Flora Growth (FLGC) Stock Forecast, Price & News

$0.23
0.00 (0.00%)
(As of 05/31/2023 ET)
Compare
Today's Range
$0.22
$0.23
50-Day Range
$0.18
$0.29
52-Week Range
$0.17
$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


FLGC stock logo

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

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Flora Growth (NASDAQ:FLGC) Rating Reiterated by Roth Capital
Roth MKM Remains a Buy on Flora Growth (FLGC)
Flora Growth (FLGC) to Release Quarterly Earnings on Monday
FLGC: Factors Supporting 2023 Expected Revenue
See More Headlines
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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

Industry, Sector and Symbol

Industry
Pharmaceutical preparations
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:FLGC
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

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$52.33 million
Book Value
$0.39 per share

Miscellaneous

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













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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