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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:FLGC

Flora Growth (FLGC) Stock Price, News & Analysis

$2.31
+0.08 (+3.59%)
(As of 03/28/2024 ET)
Today's Range
$2.02
$2.93
50-Day Range
$0.76
$2.31
52-Week Range
$0.63
$6.03
Volume
3.27 million shs
Average Volume
602,776 shs
Market Capitalization
$18.96 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$20.00

Flora Growth MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
765.8% Upside
$20.00 Price Target
Short Interest
Healthy
1.69% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.92mentions of Flora Growth in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($3.57) to ($0.13) 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.

3.44 out of 5 stars

Medical Sector

318th out of 938 stocks

Pharmaceutical Preparations Industry

137th 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 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

Flora Growth (NASDAQ:FLGC) Shares Up 7%
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
Flora Growth Corp (FLGC)
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
Why Is Flora Growth (FLGC) Stock Up 7% Today?
LIFEIST WELLNESS INC. (M5B.BE)
Flora Growth Corp. Announces Resignation of Director
Former Flora Growth CEO steps down as director
See More Headlines
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Company Calendar

Today
3/28/2024
Next Earnings (Estimated)
3/29/2024
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
$20.00
High Stock Price Target
$20.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+765.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 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
$18.96 million
Optionable
Not Optionable
Beta
1.68
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Key Executives

  • Mr. Clifford A. Starke (Age 40)
    CEO & Director
  • Mr. Dany Vaiman (Age 38)
    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?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flora Growth in the last twelve months. 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 brokerages have issued 12 month target prices for Flora Growth's shares. Their FLGC share price targets range from $20.00 to $20.00. On average, they anticipate the company's stock price to reach $20.00 in the next year. This suggests a possible upside of 765.8% 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 shares have increased by 71.1% and is now trading at $2.31.
View the best growth stocks for 2024 here
.

Are investors shorting Flora Growth?

Flora Growth saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 106,600 shares, a decrease of 18.7% from the February 29th total of 131,100 shares. Based on an average daily trading volume, of 484,400 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.7% 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 Friday, March 29th 2024.
View our FLGC earnings forecast
.

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).

When did Flora Growth's stock split?

Shares of Flora Growth reverse split on 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 IPO on Tuesday, May 11th 2021. The company issued 3,300,000 shares at $4.00-$5.00 per share. Boustead Securities acted as the underwriter for the IPO.

Who are Flora Growth's major shareholders?

Flora Growth's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (12.04%).

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 3/28/2024 by MarketBeat.com Staff

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