As the world becomes increasingly uncertain, Flora Growth Corp. (FLGC) offers stability

The closing price of Flora Growth Corp. (NASDAQ: FLGC) was $0.26 for the day, up 8.33% from the previous closing price of $0.24. In other words, the price has increased by $+0.0200 from its previous closing price. On the day, 1277616 shares were traded. FLGC stock price reached its highest trading level at $0.2600 during the session, while it also had its lowest trading level at $0.2350.

Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.

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Ratios:

Our analysis of FLGC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 2.60. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.04.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, ROTH Capital on October 13, 2021, initiated with a Buy rating and assigned the stock a target price of $10.

On June 23, 2021, MKM Partners started tracking the stock assigning a Buy rating and target price of $6.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 1.05 while its Price-to-Book (P/B) ratio in mrq is 0.37.

Stock Price History:

Over the past 52 weeks, FLGC has reached a high of $2.38, while it has fallen to a 52-week low of $0.19. The 50-Day Moving Average of the stock is 0.3500, while the 200-Day Moving Average is calculated to be 0.7810.

Shares Statistics:

FLGC traded an average of 781.76K shares per day over the past three months and 1.47M shares per day over the past ten days. A total of 76.61M shares are outstanding, with a floating share count of 68.03M. Insiders hold about 16.44% of the company’s shares, while institutions hold 5.10% stake in the company. Shares short for FLGC as of Oct 13, 2022 were 2.57M with a Short Ratio of 3.30M, compared to 1.16M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.34% and a Short% of Float of 3.56%.

Earnings Estimates

The firm’s stock currently is rated by 0 analysts. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is -$0.49, with 5 analysts recommending between -$0.25 and -$0.64.

Revenue Estimates

Based on 5 analysts’ estimates, the company’s revenue will be $38.8M in the next fiscal year. The high estimate is $40.22M and the low estimate is $35.2M. The average revenue growth estimate for next year is up 332.10% from the average revenue estimate for this year.