Flora Growth (FLGC) Projected to Post Earnings on Monday

Flora Growth (NASDAQ:FLGC) will likely be issuing its results before the market opens on Monday, March 23rd. Analysts expect the company to announce earnings of ($1.97) per share for the quarter.

Flora Growth Price Performance

Flora Growth stock opened at $9.64 on Friday. Flora Growth has a 12 month low of $5.86 and a 12 month high of $47.00. The company has a fifty day moving average price of $8.10 and a two-hundred day moving average price of $11.63. The company has a market cap of $10.08 million, a PE ratio of -0.30 and a beta of 1.90.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Flora Growth stock. Geode Capital Management LLC increased its position in Flora Growth Corp. (NASDAQ:FLGC) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 168,572 shares of the company’s stock after acquiring an additional 3,015 shares during the period. Geode Capital Management LLC owned approximately 29.16% of Flora Growth worth $98,000 at the end of the most recent reporting period. 36.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Flora Growth in a report on Thursday, January 22nd. Wall Street Zen raised shares of Flora Growth from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Flora Growth presently has a consensus rating of “Hold” and an average price target of $30.00.

Flora Growth Company Profile

Flora Growth Corp (NASDAQ: FLGC) is a vertically integrated cannabis and hemp company engaged in the cultivation, extraction, formulation and distribution of cannabinoid-based products. Its portfolio encompasses a broad range of offerings, including oils, vape cartridges, edibles, topicals and patent-pending delivery systems designed for both medical and wellness applications.

Founded in 2018, Flora Growth has established cultivation and processing operations in Uruguay’s greenhouse hubs, complemented by extraction and formulation laboratories in Florida.