Should I buy or sell Flora Growth stock right now?

1 Wall Street 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 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 analysts have issued 12 month price objectives for Flora Growth's stock. Their FLGC share price targets range from $7.00 to $7.00. On average, they expect the company's share price to reach $7.00 in the next year. This suggests a possible upside of 348.7% 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 2024. Since then, FLGC stock has increased by 15.6% and is now trading at $1.56. View the best growth stocks for 2024 here .

Are investors shorting Flora Growth?

Flora Growth saw a increase in short interest in 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 trading volume of 689,300 shares, the short-interest ratio is presently 1.3 days. Currently, 13.4% 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 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 shares 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 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.

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 .

NASDAQ:FLGC

Flora Growth (FLGC) Stock Price, News & Analysis

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$1.56

-0.12 (-7.14%)

(As of 04/19/2024 ET)

Compare

Today's Range: $1.47
▼
$1.73
50-Day Range: $0.76
▼
$2.67
52-Week Range: $0.63
▼
$5.48

Volume: 276,382 shs
Average Volume: 2.14 million shs
Market Capitalization: $16.68 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.00

Get Flora Growth alerts:

Flora Growth MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 348.7% Upside
$7.00 Price Target
Short Interest: Bearish
13.36% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.72
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.

2.69 out of 5 stars

Medical Sector

471st out of 911 stocks

Pharmaceutical Preparations Industry

214th out of 419 stocks

3.5

Analyst's Opinion

Consensus Rating
Flora Growth has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Flora Growth has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
13.36% 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 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Flora Growth has recently increased by 765.95%, indicating that investor sentiment is decreasing 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.

3.7

News and Social Media Coverage

News Sentiment
Flora Growth has a news sentiment score of 0.72. 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 0.51 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Flora Growth this week, compared to 1 article on an average week.
Search Interest
14 people have searched for FLGC on MarketBeat in the last 30 days. This is an increase of 600% compared to the previous 30 days.
MarketBeat Follows
7 people have added Flora Growth to their MarketBeat watchlist in the last 30 days. This is an increase of 600% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Flora Growth insiders have bought more of their company's stock than they have sold. Specifically, they have bought $999,998.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
17.60% of the stock of Flora Growth is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 36.01% of the stock of Flora Growth is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Flora Growth are expected to grow in the coming year, from ($0.50) to ($0.20) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Flora Growth is -0.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Flora Growth is -0.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Flora Growth has a P/B Ratio of 2.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

FLGC Stock News Headlines

April 10, 2024 | insidertrades.com

Clifford Starke Purchases 526,315 Shares of Flora Growth Corp. (NASDAQ:FLGC) Stock

April 18, 2024 | uk.investing.com

Flora Growth acquires German cannabis firm TruHC

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 16, 2024 | msn.com

Flora Growth enters into agreement to acquire TruHC

April 12, 2024 | nasdaq.com

Wednesday 4/10 Insider Buying Report: FLGC, GME

April 10, 2024 | americanbankingnews.com

Flora Growth Corp. (NASDAQ:FLGC) CEO Clifford Starke Purchases 526,315 Shares of Stock

April 5, 2024 | benzinga.com

Flora Growth's Stock Trading Higher On Pricing $3.2M Public Offering Of Common Shares

April 5, 2024 | investorplace.com

FLGC Stock Earnings: Flora Growth Misses EPS, Beats Revenue for Q4 2023

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 4, 2024 | investorplace.com

FLGC Stock: Why Flora Growth Is Down 15% Despite Major Cannabis Rally

April 4, 2024 | marketwatch.com

Flora Growth Shares Slide Premarket on Planned Stock Offering

April 4, 2024 | msn.com

Flora Growth slumps 20% on share offering

April 2, 2024 | benzinga.com

This Cannabis Pioneer Is Ramping Up Its Presence In Germany As Weed Legalization Takes Effect

March 25, 2024 | msn.com

Flora Growth plans to expand global genetics business in Germany

March 25, 2024 | marketwatch.com

Flora Growth Shares Rise 8.5% on Cannabis Expansion in Germany

March 25, 2024 | msn.com

What's Going On With Flora Growth Stock?

February 18, 2024 | finance.yahoo.com

The 3 Most Undervalued Cannabis Stocks to Buy in February 2024

February 10, 2024 | investorplace.com

The 3 Most Undervalued Cannabis Stocks to Buy in February 2024

February 9, 2024 | uk.investing.com

Flora Growth Corp (FLGC)

February 6, 2024 | msn.com

Veru eyes better weight loss drugs as FDA clears Phase 2 trial

February 5, 2024 | finance.yahoo.com

Flora Growth Corp's CEO Reveals Record-Breaking Financials and Exciting 2024 Plans

February 2, 2024 | benzinga.com

Who's Who In Cannabis: January Executive Changes You Should Know About

January 22, 2024 | finance.yahoo.com

Flora Growth Corp. To Chair U.S. Hemp Roundtable Board of Directors

November 16, 2023 | investorplace.com

Why Is Flora Growth (FLGC) Stock Up 7% Today?

November 10, 2023 | msn.com

Blooming: Flora Growth's First Profitable Quarter Amid Strategic Shifts

November 8, 2023 | finance.yahoo.com

Flora Growth Corp. Reports Record Q3 2023 with Net Income of $1.1 Million and EBITDA of $0.9 Million

October 26, 2023 | finance.yahoo.com

LIFEIST WELLNESS INC. (M5B.BE)

See More Headlines

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Company Calendar

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Pharmaceutical preparations
Sub-Industry: N/A
Current Symbol: NASDAQ:FLGC
CUSIP: N/A
CIK: 1790169
Web: floragrowth.ca
Phone: 954-842-4989
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: +348.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($10.02)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-57,040,000.00
Net Margins: -75.33%
Pretax Margin: -63.49%
Return on Equity: -60.26%
Return on Assets: -30.86%

Debt

Debt-to-Equity Ratio: 0.15
Current Ratio: 1.31
Quick Ratio: 0.79

Sales & Book Value

Annual Sales: $76.07 million
Price / Sales: 0.22
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.78 per share
Price / Book: 2.00

Miscellaneous

Outstanding Shares: 10,690,000
Free Float: 8,804,000
Market Cap: $16.68 million
Optionable: Not Optionable
Beta: 1.92

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Key Executives

Mr. Aaron Atin (Age 38)
Corporate Secretary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FLGC Stock Analysis - Frequently Asked Questions

Should I buy or sell Flora Growth stock right now?: 1 Wall Street 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 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 analysts have issued 12 month price objectives for Flora Growth's stock. Their FLGC share price targets range from $7.00 to $7.00. On average, they expect the company's share price to reach $7.00 in the next year. This suggests a possible upside of 348.7% 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 2024. Since then, FLGC stock has increased by 15.6% and is now trading at $1.56.
View the best growth stocks for 2024 here.
Are investors shorting Flora Growth?: Flora Growth saw a increase in short interest in 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 trading volume of 689,300 shares, the short-interest ratio is presently 1.3 days. Currently, 13.4% 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 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 shares 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 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.
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 4/20/2024 by MarketBeat.com Staff

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Flora Growth (FLGC) Stock Price, News & Analysis

Flora Growth MarketRank™ Stock Analysis

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

Company Ownership

Earnings and Valuation

About Flora Growth Stock (NASDAQ:FLGC)

FLGC Stock Price History

FLGC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

FLGC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™