Flora Growth Corp (FLGC) vs. Its Peers: A Comparison

Additionally, the 36-month beta value for FLGC is 1.91. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

The public float for FLGC is 6.91M and currently, short sellers hold a 1.54% ratio of that float. The average trading volume of FLGC on April 03, 2024 was 610.21K shares.

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FLGC) stock’s latest price update

The stock of Flora Growth Corp (NASDAQ: FLGC) has decreased by -10.09 when compared to last closing price of 2.28.Despite this, the company has seen a gain of 21.30% in its stock price over the last five trading days. MarijuanaStocks reported 2024-03-31 that As April 2024 approaches, investors watch the marijuana stock market for potential momentum. The cannabis industry, especially in the U.S., has seen significant growth, driven by legislative advancements and changing public perceptions. This growth trajectory suggests a promising future for the sector, making it an area of interest for both seasoned and novice investors. Companies like Canopy Growth and Aurora Cannabis are among the top stocks to watch as they expand their global footprint. Furthermore, U.S.-based firms are gaining traction thanks to state-level legalization and the potential for federal reforms. These developments create a dynamic market landscape with opportunities for those closely monitoring industry trends and company performances.

FLGC’s Market Performance

FLGC’s stock has risen by 21.30% in the past week, with a monthly rise of 78.26% and a quarterly rise of 51.85%. The volatility ratio for the week is 30.89% while the volatility levels for the last 30 days are 17.91% for Flora Growth Corp The simple moving average for the past 20 days is 46.95% for FLGC’s stock, with a 25.49% simple moving average for the past 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 13, 2021 of the previous 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 69.81% 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 -66.00% of loss for the given period.

Volatility was left at 17.91%, however, over the last 30 days, the volatility rate increased by 30.89%, as shares surge +86.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.59% upper at present.

During the last 5 trading sessions, FLGC rose by +21.30%, which changed the moving average for the period of 200-days by -38.25% in comparison to the 20-day moving average, which settled at $1.44. In addition, Flora Growth Corp saw 51.85% 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:

  • -0.6 for the present operating margin
  • 0.19 for the gross margin

The net margin for Flora Growth Corp stands at -0.72. The total capital return value is set at -6.31. Equity return is now at value -152.92, with -92.42 for asset returns.

Based on Flora Growth Corp (FLGC), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at -3.04. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is -503.7.

Currently, EBITDA for the company is -6.31 million with net debt to EBITDA at 0.08. When we switch over and look at the enterprise to sales, we see a ratio of 0.23. The receivables turnover for the company is 10.82for trailing twelve months and the total asset turnover is 3.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.31.

Conclusion

In conclusion, Flora Growth Corp (FLGC) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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