At the time of writing, Flora Growth Corp [FLGC] stock is trading at $0.54, up 11.26%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FLGC shares have gain 18.35% over the last week, with a monthly amount drifted -16.51%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Flora Growth Corp [NASDAQ: FLGC] stock has seen the most recent analyst activity on November 25, 2024, when Aegis Capital initiated its Buy rating and assigned the stock a price target of $4. Previously, ROTH Capital started tracking the stock with Buy rating on October 13, 2021, and set its price target to $10. On June 23, 2021, MKM Partners initiated with a Buy rating and assigned a price target of $6 on the stock.
For the past year, the stock price of Flora Growth Corp fluctuated between $0.42 and $2.11. Currently, Wall Street analysts expect the stock to reach $173.5 within the next 12 months. Flora Growth Corp [NASDAQ: FLGC] shares were valued at $0.54 at the most recent close of the market. An investor can expect a potential return of 32029.63% based on the average FLGC price forecast.
Analyzing the FLGC fundamentals
According to Flora Growth Corp [NASDAQ:FLGC], the company’s sales were 59.51M for trailing twelve months, which represents an -25.86% plunge. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.27%, and Net Profit Margin reading is -0.27%. To continue investigating profitability, this company’s Return on Assets is posted at -0.61, Equity is -3.31 and Total Capital is -1.8. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.09.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.4924 points at the first support level, and at 0.4464 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.5622, and for the 2nd resistance point, it is at 0.5860.
Ratios To Look Out For
It is important to note that Flora Growth Corp [NASDAQ:FLGC] has a current ratio of 1.05. As well, the Quick Ratio is 0.74, while the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 0.18, the price to book ratio is 2.21.
Transactions by insiders
Recent insider trading involved Starke Clifford, CEO, that happened on Sep 13 ’24 when 6795.0 shares were purchased. Director, Wolkin Harold completed a deal on Sep 06 ’24 to buy 25000.0 shares. Meanwhile, CEO Starke Clifford bought 51.0 shares on Sep 05 ’24.
