FLGC Stock Summary and Trading Ideas (Flora Growth Corp. | NASDAQ:FLGC)

Flora Growth Corp is a multi-national cannabis company that manufactures and distributes consumer packaged goods, cultivates and distributes medicinal cannabis, and distributes pharmaceutical products. Its reportable segments are; the commercial and wholesale segment (FGH and Cosechemos subsidiaries), the house of brands segment (JustCBD, Vessel, and Kasa Wholefoods Company subsidiaries), and the pharmaceuticals segment (Grupo Farmaceutico Cronomed and Breeze Laboratory subsidiaries). Geographically, the company generates revenue from United States, Germany, and the United Kingdom. It derives a majority of its revenue from the United States.

Flora Growth Corp. trades on the NASDAQ stock market under the symbol FLGC.

As of January 3, 2025, FLGC stock price declined to $1.10 with 154,946 million shares trading.

FLGC has a beta of 1.95, meaning it tends to be more sensitive to market movements. FLGC has a correlation of 0.04 to the broad based SPY ETF.

FLGC has a market cap of $19.00 million. This is considered a Sub-Micro Cap stock.

Last quarter Flora Growth Corp. reported $12 million in Revenue and -$.25 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.17.

In the last 3 years, FLGC traded as high as $47.60 and as low as $.63.

The top ETF exchange traded funds that FLGC belongs to (by Net Assets): VXF, YOLO.

FLGC has underperformed the market in the last year with a return of -17.9%, while the SPY ETF gained +27.8%. In the last 3 month period, FLGC fell short of the market, returning -29.5%, while SPY returned +4.6%. However, in the most recent 2 weeks FLGC has outperformed the stock market by returning +4.8%, while SPY returned +0.1%.

FLGC support price is $1.03 and resistance is $1.22 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FLGC shares will trade within this expected range on the day.