Flora Growth Corp. (NASDAQ:FLGC) went down by -3.21% from its latest closing price compared to the recent 1-year high of $21.45. The company’s stock price has collected 0.39% of gains in the last five trading sessions. Press Release reported on 10/06/21 that Flora Growth Forms Flora Pharma Division, Launches Global Clinical Trials
Is It Worth Investing in Flora Growth Corp. (NASDAQ :FLGC) Right Now?
Opinions of the stock are interesting as 2 analysts out of 2 who provided ratings for Flora Growth Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $10.75. FLGC currently public float of 33.31M and currently shorts hold a 1.43% ratio of that float. Today, the average trading volume of FLGC was 4.92M shares.
FLGC’s Market Performance
FLGC stocks went up by 0.39% for the week, with a monthly drop of -14.67% and a quarterly performance of 59.01%. The volatility ratio for the week stands at 9.87% while the volatility levels for the past 30 days are set at 14.12% for Flora Growth Corp.. The simple moving average for the period of the last 20 days is -9.54% for FLGC stocks with a simple moving average of -15.59% for the last 200 days.
Analysts’ Opinion of FLGC
Many brokerage firms have already submitted their reports for FLGC stocks, with ROTH Capital repeating the rating for FLGC by listing it as a “Buy.” The predicted price for FLGC in the upcoming period, according to ROTH Capital is $10 based on the research report published on October 13th of the current year 2021.
MKM Partners, on the other hand, stated in their research note that they expect to see FLGC reach a price target of $6. The rating they have provided for FLGC stocks is “Buy” according to the report published on June 23rd, 2021.
FLGC Trading at -40.11% from the 50-Day Moving Average
After a stumble in the market that brought FLGC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -76.13% of loss for the given period.
Volatility was left at 14.12%, however, over the last 30 days, the volatility rate increased by 9.87%, as shares sank -14.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -59.72% lower at present.
During the last 5 trading sessions, FLGC rose by +0.39%, in comparison to the 20-day moving average, which settled at $5.62. In addition, Flora Growth Corp. saw 6.89% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for FLGC
Current profitability levels for the company are sitting at:
- -11693.40 for the present operating margin
- -9146.23 for the gross margin
The net margin for Flora Growth Corp. stands at -13367.92. The total capital return value is set at -146.63, while invested capital returns managed to touch -181.27.
Based on Flora Growth Corp. (FLGC), the company’s capital structure generated 3.97 points at debt to equity in total, while total debt to capital is 3.81. Total debt to assets is 3.34, with long-term debt to equity ratio resting at 1.96. Finally, the long-term debt to capital ratio is 1.88.
The receivables turnover for the company is 0.16 and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.43.