In the past week, FLGC stock has gone down by -24.24%, with a monthly decline of -3.85% and a quarterly surge of 56.46%. The volatility ratio for the week is 16.13%, and the volatility levels for the last 30 days are 14.91% for Flora Growth Corp The simple moving average for the last 20 days is -11.98% for FLGC stock, with a simple moving average of 16.00% for the last 200 days.
Is It Worth Investing in Flora Growth Corp (NASDAQ: FLGC) Right Now?
FLGC has 36-month beta value of 1.86. Analysts have mixed views on the stock, 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 currently, short sellers hold a 2.27% ratio of that float. The average trading volume of FLGC on November 05, 2024 was 265.16K shares.
FLGC) stock’s latest price update
The stock of Flora Growth Corp (NASDAQ: FLGC) has increased by 10.29 when compared to last closing price of 1.36. Despite this, the company has experienced a -24.24% fall in its stock price over the last five trading sessions. newsfilecorp.com reported 2024-11-04 that Fort Lauderdale, Florida–(Newsfile Corp. – November 4, 2024) – Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) (“Flora” or the “Company”) today reaffirms its medical cannabis supply agreement with Curaleaf Holdings, Inc. subsidiary Northern Green Canada, Inc. This morning, Curaleaf also confirmed on X (Formerly known as Twitter) that “Curaleaf has entered into an agreement to supply cannabis products to Flora Growth for distribution through Flora in Germany. The terms of the agreement are disclosed in a Form 8-k filed on November 1, 2024 by Flora Growth Co. [https://www.sec.gov/Archives/edgar/data/1790169/000106299324018209/form8k.htm].
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 6.23% 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 -48.79% of loss for the given period.
Volatility was left at 14.91%, however, over the last 30 days, the volatility rate increased by 16.13%, as shares sank -13.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +44.93% upper at present.
During the last 5 trading sessions, FLGC fell by -24.24%, which changed the moving average for the period of 200-days by -11.76% in comparison to the 20-day moving average, which settled at $1.7040. In addition, Flora Growth Corp saw 11.11% in overturn over a single year, with a tendency to cut further gains.
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 0.28. 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 put it simply, Flora Growth Corp (FLGC) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
