NASDAQ:FLGC

Flora Growth (FLGC) Stock Price, News & Analysis

$1.36
-0.18 (-11.69%)
(As of 04/26/2024 ET)
Today's Range
$1.33
$1.61
50-Day Range
$0.94
$2.67
52-Week Range
$0.63
$5.48
Volume
386,382 shs
Average Volume
642,981 shs
Market Capitalization
$17.43 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
414.7% Upside
$7.00 Price Target
Short Interest
Healthy
7.33% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.81mentions of Flora Growth in the last 14 days
Based on 2 Articles This Week
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.

3.35 out of 5 stars

Medical Sector

303rd out of 914 stocks

Pharmaceutical Preparations Industry

131st out of 412 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

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Flora Growth acquires German cannabis firm TruHC
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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
4/27/2024
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
+414.7%
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
10,561,000
Market Cap
$17.43 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 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 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 brokers have issued 12-month price objectives for Flora Growth's shares. 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 year. This suggests a possible upside of 414.7% 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 the year. Since then, FLGC stock has increased by 0.7% and is now trading at $1.36.
View the best growth stocks for 2024 here
.

Are investors shorting Flora Growth?

Flora Growth saw a decrease in short interest in April. As of April 15th, there was short interest totaling 566,300 shares, a decrease of 38.7% from the March 31st total of 923,100 shares. Based on an average daily volume of 740,900 shares, the short-interest ratio is presently 0.8 days. Approximately 7.3% of the company's shares 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?

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 market closes 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 4/28/2024 by MarketBeat.com Staff

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