In the past week, FLGC stock has gone down by -10.56%, with a monthly gain of 18.14% and a quarterly surge of 32.86%. The volatility ratio for the week is 11.76%, and the volatility levels for the last 30 days are 9.99% for Flora Growth Corp The simple moving average for the past 20 days is 15.88% for FLGC’s stock, with a 0.77% simple moving average for the past 200 days.
Is It Worth Investing in Flora Growth Corp (NASDAQ: FLGC) Right Now?
The stock has a 36-month beta value of 1.82. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for FLGC is 9.33M, and at present, short sellers hold a 1.60% of that float. On September 27, 2024, the average trading volume of FLGC was 85.46K shares.
FLGC) stock’s latest price update
The stock of Flora Growth Corp (NASDAQ: FLGC) has decreased by -7.30 when compared to last closing price of 1.37.Despite this, the company has seen a loss of -10.56% in its stock price over the last five trading days. newsfilecorp.com reported 2024-09-26 that Fort Lauderdale, Florida–(Newsfile Corp. – September 26, 2024) – Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) (“Flora” or the “Company”) is pleased to announce the signing of an exclusivity agreement with Nordic Tower AB (“Nordic Tower”), a distributor of and online marketer of smoke products across Sweden and the Nordic countries. This partnership will see Nordic Tower become the exclusive distributor of Flora’s Vessel Brand, recognized for its high-quality and innovative vaping hardware, throughout Sweden, Norway, Denmark, Finland and Iceland.
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 21.91% 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 -56.64% of loss for the given period.
Volatility was left at 9.99%, however, over the last 30 days, the volatility rate increased by 11.76%, as shares surge +19.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.45% upper at present.
During the last 5 trading sessions, FLGC fell by -10.56%, which changed the moving average for the period of 200-days by +5.83% in comparison to the 20-day moving average, which settled at $1.1065. In addition, Flora Growth Corp saw -5.93% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FLGC starting from Starke Clifford, who purchase 6,795 shares at the price of $0.95 back on Sep 13 ’24. After this action, Starke Clifford now owns 6,846 shares of Flora Growth Corp, valued at $6,455 using the latest closing price.
Wolkin Harold, the Director of Flora Growth Corp, purchase 25,000 shares at $0.97 during a trade that took place back on Sep 06 ’24, which means that Wolkin Harold is holding 25,000 shares at $24,255 based on the most recent closing price.
Stock Fundamentals for FLGC
Current profitability levels for the company are sitting at:
- -0.1 for the present operating margin
- 0.11 for the gross margin
The net margin for Flora Growth Corp stands at -0.19. The total capital return value is set at -0.59. Equity return is now at value -147.77, with -44.51 for asset returns.
Based on Flora Growth Corp (FLGC), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at -0.37. The debt to equity ratio resting at 0.77. The interest coverage ratio of the stock is -183.03.
Currently, EBITDA for the company is -6.31 million with net debt to EBITDA at 0.09. When we switch over and look at the enterprise to sales, we see a ratio of 0.24. The receivables turnover for the company is 9.3for trailing twelve months and the total asset turnover is 2.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.
Conclusion
To sum up, Flora Growth Corp (FLGC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
