The stock of Flora Growth Corp (NASDAQ: FLGC) has increased by 13.53 when compared to last closing price of 0.78.Despite this, the company has seen a gain of 11.41% in its stock price over the last five trading days. newsfilecorp.com reported 2024-12-17 that Panama City, Panama–(Newsfile Corp. – December 17, 2024) – On December 15, 2024, Flora Growth Corp.’s Board of Directors granted Clifford Starke (the “Acquiror”) 900,000 Restricted Stock Awards which fully vested on December 15, 2024 (the “Acquisition”). Immediately before the completion of the Acquisition, the Acquiror owned an aggregate of 1,346,902 Common Shares, representing approximately 7.80% of the outstanding Common Shares of the Issuer.
Is It Worth Investing in Flora Growth Corp (NASDAQ: FLGC) Right Now?
Additionally, the 36-month beta value for FLGC is 1.99. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for FLGC is 10.51M and currently, short sellers hold a 5.98% ratio of that float. The average trading volume of FLGC on February 05, 2025 was 497.55K shares.
FLGC’s Market Performance
FLGC stock saw a decrease of 11.41% in the past week, with a monthly decline of -21.39% and a quarterly a decrease of -38.65%. The volatility ratio for the week is 9.47%, and the volatility levels for the last 30 days are 8.23% for Flora Growth Corp (FLGC). The simple moving average for the past 20 days is -2.06% for FLGC’s stock, with a -28.81% simple moving average for the past 200 days.
Analysts’ Opinion of FLGC
Many brokerage firms have already submitted their reports for FLGC stocks, with Aegis Capital repeating the rating for FLGC by listing it as a “Buy.” The predicted price for FLGC in the upcoming period, according to Aegis Capital is $4 based on the research report published on November 25, 2024 of the previous year 2024.
ROTH Capital, on the other hand, stated in their research note that they expect to see FLGC reach a price target of $10. The rating they have provided for FLGC stocks is “Buy” according to the report published on October 13th, 2021.
MKM Partners gave a rating of “Buy” to FLGC, setting the target price at $6 in the report published on June 23rd of the previous year.
FLGC Trading at -25.41% 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 -69.94% of loss for the given period.
Volatility was left at 8.23%, however, over the last 30 days, the volatility rate increased by 9.47%, as shares sank -19.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.79% lower at present.
During the last 5 trading sessions, FLGC rose by +11.41%, which changed the moving average for the period of 200-days by -50.82% in comparison to the 20-day moving average, which settled at $0.8989. In addition, Flora Growth Corp saw -14.52% 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:
- -0.16 for the present operating margin
- 0.12 for the gross margin
The net margin for Flora Growth Corp stands at -0.28. The total capital return value is set at -1.22. Equity return is now at value -193.80, with -59.12 for asset returns.
Based on Flora Growth Corp (FLGC), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at -0.89. The debt to equity ratio resting at 1.25. The interest coverage ratio of the stock is -138.04.
Currently, EBITDA for the company is -45.87 million with net debt to EBITDA at -0.06. When we switch over and look at the enterprise to sales, we see a ratio of 0.25. The receivables turnover for the company is 16.36for trailing twelve months and the total asset turnover is 2.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
Conclusion
In conclusion, Flora Growth Corp (FLGC) has seen bad 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.
