Value gained By Flora Growth Corp. (FLGC) In The Past Week: $5.90

Flora Growth Corp. (NASDAQ:FLGC) trading with an addition of $0.2 to $5.55 on Friday, an upside of 3.77 percent. An average of 860,988 shares of common stock have been traded in the last five days. There was a gain of $0.34 in the past week. The last 20 days have seen an average of 2,280,262 shares traded, while the 50-day average volume stands at 4,709,747.

FLGC stock has decreased by -24.65% in the last month. The company shares reached their 1-month lowest point of $4.88 on 09/24/21. Shares of the company touched a low of $2.85 and a high of $21.45 in 52 weeks. In spite of this, the price is down -74.12% from the 52-week high.


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Valuation Metrics

Flora Growth Corp. (FLGC) has a trailing price-to-earnings (P/E) ratio of 23.00 for the broader industry and 31.96 for the sector. This means investors are optimistic about the stock’s future prospects. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 176.01, the price-to-book (PB) ratio at 8.92.

The quick ratio of Flora Growth Corp. for the recent quarter was 3.90, and the current ratio was 4.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.01 and a total debt to equity ratio of 0.01 for the recent quarter. Flora Growth Corp.’s EBITDA margin is -11586.79%. Its gross profit as reported stood at $71000.0 compared to revenue of $0.11 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. For the broader industry, ROE averaged -15.50 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Flora Growth Corp. (FLGC) price momentum. RSI 9-day as of the close on 07 October was 48.89%, suggesting the stock is Neutral, with historical volatility in this time frame at 73.55%.

As of today, FLGC’s price is $5.39 +6.12% or $0.34 from its 5-day moving average. FLGC is currently trading -17.39% lower than its 20-day SMA and +77.41% higher than its 100-day SMA. However, the stock’s current price level is -15.86% below the SMA50.

The stochastic %K and %D were 21.87% and 16.70%, respectively, and the average true range (ATR) was 0.74. With the 14-day stochastic at 38.90% and the average true range at 0.92, the RSI (14) stands at 45.50%. The stock has reached -0.13 on the 9-day MACD Oscillator while the 14-day reading was at -0.23.

Analyst Ratings

MKM Partners launched coverage on Flora Growth Corp. (NASDAQ: FLGC) in its analyst report released on June 23, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Flora Growth Corp. (FLGC) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FLGC, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is FLGC’s price target for the next 12 months?

Analysts predict a range of price targets between $11.50 and $11.50, with a median target of $11.50. Taking a look at these predictions, the average price target given by analysts for Flora Growth Corp. (FLGC) stock is $11.50.

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