25 XP   0   0   10

Flora Growth Corp
Buy, Hold or Sell?

Let's analyse Flora Growth Corp together

PenkeI guess you are interested in Flora Growth Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Flora Growth Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

Get notifications about Flora Growth Corp

I send you an email if I find something interesting about Flora Growth Corp.

Quick analysis of Flora Growth Corp (30 sec.)










What can you expect buying and holding a share of Flora Growth Corp? (30 sec.)

How much money do you get?

How much money do you get?
$0.00
When do you have the money?
1 year
How often do you get paid?
7.1%

What is your share worth?

Current worth
$1.60
Expected worth in 1 year
$-3.40
How sure are you?
35.7%

+ What do you gain per year?

Total Gains per Share
$-5.00
Return On Investment
-216.5%

For what price can you sell your share?

Current Price per Share
$2.31
Expected price per share
$0.99 - $5.376
How sure are you?
50%

1. Valuation of Flora Growth Corp (5 min.)




Live pricePrice per Share (EOD)

$2.31

Intrinsic Value Per Share

$6.55 - $8.74

Total Value Per Share

$8.15 - $10.34

2. Growth of Flora Growth Corp (5 min.)




Is Flora Growth Corp growing?

Current yearPrevious yearGrowGrow %
How rich?$13.1m$67.6m-$34.2m-102.8%

How much money is Flora Growth Corp making?

Current yearPrevious yearGrowGrow %
Making money-$14.9m-$18.8m$3.9m26.4%
Net Profit Margin-82.2%-256.6%--

How much money comes from the company's main activities?

3. Financial Health of Flora Growth Corp (5 min.)




What can you expect buying and holding a share of Flora Growth Corp? (5 min.)

Welcome investor! Flora Growth Corp's management wants to use your money to grow the business. In return you get a share of Flora Growth Corp.

What can you expect buying and holding a share of Flora Growth Corp?

First you should know what it really means to hold a share of Flora Growth Corp. And how you can make/lose money.

Speculation

The Price per Share of Flora Growth Corp is $2.31. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Flora Growth Corp.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Flora Growth Corp, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $1.60. Based on the TTM, the Book Value Change Per Share is $-1.25 per quarter. Based on the YOY, the Book Value Change Per Share is $0.92 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Flora Growth Corp.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.156.5%-1.84-79.5%-1.26-54.7%-1.08-46.8%-1.08-46.8%
Usd Book Value Change Per Share0.3515.3%-1.25-54.1%0.9239.7%0.114.9%0.114.9%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.3515.3%-1.25-54.1%0.9239.7%0.114.9%0.114.9%
Usd Price Per Share1.16-1.02-1.26-1.32-1.32-
Price to Earnings Ratio1.92-0.39--0.74--0.51--0.51-
Price-to-Total Gains Ratio3.29-0.70--0.57-0.27-0.27-
Price to Book Ratio0.73-0.68-0.35-0.52-0.52-
Price-to-Total Gains Ratio3.29-0.70--0.57-0.27-0.27-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.31
Number of shares432
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share-1.250.11
Usd Total Gains Per Share-1.250.11
Gains per Quarter (432 shares)-540.0149.34
Gains per Year (432 shares)-2,160.05197.36
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-2160-21700197187
20-4320-43300395384
30-6480-64900592581
40-8640-86500789778
50-10800-108100987975
60-12960-12970011841172
70-15120-15130013811369
80-17280-17290015781566
90-19440-19450017761763
100-21601-21610019731960

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.03.00.025.0%1.011.00.08.3%1.013.00.07.1%1.013.00.07.1%1.013.00.07.1%
Book Value Change Per Share2.02.00.050.0%4.05.03.033.3%5.05.04.035.7%5.05.04.035.7%5.05.04.035.7%
Dividend per Share0.00.04.00.0%1.00.011.08.3%1.00.013.07.1%1.00.013.07.1%1.00.013.07.1%
Total Gains per Share2.02.00.050.0%4.05.03.033.3%5.05.04.035.7%5.05.04.035.7%5.05.04.035.7%

Fundamentals of Flora Growth Corp

About Flora Growth Corp

Flora Growth Corp., together with its subsidiaries, engages in the growth, cultivation, and development of medicinal cannabis and medicinal cannabis derivative products to pharmacies, medical clinics, and cosmetic companies worldwide. It cultivates, processes, and supplies medicinal-grade cannabis flower, and cannabis derived medical and wellness products; offers skincare and beauty products; develops plant-based and medical-grade pharmaceuticals, phytotherapeutics, and dietary supplements. The company also manufactures, distributes, and retails cannabidiol (CBD) derived products, such as gummies, topicals, tinctures, and vape products; lifestyle wellness products; provides cannabis consumption accessories, personal storage, and travel accessories for vape and dry herb categories; and offers fruit juices and canned goods in supermarkets, discount retailers, coffee shops, restaurants, and airports. In addition, it provides beverage products; cannabis formulations to treat ailments, such as anxiety, insomnia, and pain. The company sells its products under the JustCBD, Vessel, and Mambe, as well as Stardog Loungewear, No Cap Hemp Co, Original Hemp, Kalaya, and Mind Naturals brands. Flora Growth Corp. was incorporated in 2019 and is headquartered in Toronto, Canada.

Fundamental data was last updated by Penke on 2024-03-20 17:15:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Flora Growth Corp.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Flora Growth Corp earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Flora Growth Corp to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Net Profit Margin of 7.1% means that $0.07 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Flora Growth Corp:

  • The MRQ is 7.1%. The company is making a profit. +1
  • The TTM is -82.2%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ7.1%TTM-82.2%+89.4%
TTM-82.2%YOY-256.6%+174.4%
TTM-82.2%5Y-127.4%+45.1%
5Y-127.4%10Y-127.4%0.0%
1.1.2. Return on Assets

Shows how efficient Flora Growth Corp is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Flora Growth Corp to the Drug Manufacturers - Specialty & Generic industry mean.
  • 3.9% Return on Assets means that Flora Growth Corp generated $0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Flora Growth Corp:

  • The MRQ is 3.9%. Using its assets, the company is less efficient in making profit.
  • The TTM is -40.7%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ3.9%TTM-40.7%+44.6%
TTM-40.7%YOY-23.5%-17.2%
TTM-40.7%5Y-32.1%-8.6%
5Y-32.1%10Y-32.1%0.0%
1.1.3. Return on Equity

Shows how efficient Flora Growth Corp is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Flora Growth Corp to the Drug Manufacturers - Specialty & Generic industry mean.
  • 8.6% Return on Equity means Flora Growth Corp generated $0.09 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Flora Growth Corp:

  • The MRQ is 8.6%. Using its investors money, the company is less efficient in making profit.
  • The TTM is -107.0%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ8.6%TTM-107.0%+115.7%
TTM-107.0%YOY-28.7%-78.4%
TTM-107.0%5Y-55.2%-51.8%
5Y-55.2%10Y-55.2%0.0%

1.2. Operating Efficiency of Flora Growth Corp.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Flora Growth Corp is operating .

  • Measures how much profit Flora Growth Corp makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Flora Growth Corp to the Drug Manufacturers - Specialty & Generic industry mean.
  • An Operating Margin of -3.2% means the company generated $-0.03  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Flora Growth Corp:

  • The MRQ is -3.2%. The company is operating very inefficient. -2
  • The TTM is 38.2%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ-3.2%TTM38.2%-41.4%
TTM38.2%YOY-121.2%+159.3%
TTM38.2%5Y-54.0%+92.2%
5Y-54.0%10Y-54.0%0.0%
1.2.2. Operating Ratio

Measures how efficient Flora Growth Corp is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Drug Manufacturers - Specialty & Generic industry mean).
  • An Operation Ratio of 1.03 means that the operating costs are $1.03 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Flora Growth Corp:

  • The MRQ is 1.032. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.244. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.032TTM1.244-0.212
TTM1.244YOY2.212-0.967
TTM1.2445Y1.434-0.190
5Y1.43410Y1.4340.000

1.3. Liquidity of Flora Growth Corp.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Flora Growth Corp is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Drug Manufacturers - Specialty & Generic industry mean).
  • A Current Ratio of 1.44 means the company has $1.44 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Flora Growth Corp:

  • The MRQ is 1.439. The company is just able to pay all its short-term debts.
  • The TTM is 1.568. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.439TTM1.568-0.129
TTM1.568YOY5.371-3.803
TTM1.5685Y4.214-2.646
5Y4.21410Y4.2140.000
1.3.2. Quick Ratio

Measures if Flora Growth Corp is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Flora Growth Corp to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Quick Ratio of 0.70 means the company can pay off $0.70 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Flora Growth Corp:

  • The MRQ is 0.702. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.846. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.702TTM0.846-0.144
TTM0.846YOY4.291-3.445
TTM0.8465Y2.255-1.409
5Y2.25510Y2.2550.000

1.4. Solvency of Flora Growth Corp.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Flora Growth Corp assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Flora Growth Corp to Drug Manufacturers - Specialty & Generic industry mean.
  • A Debt to Asset Ratio of 0.58 means that Flora Growth Corp assets are financed with 58.5% credit (debt) and the remaining percentage (100% - 58.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Flora Growth Corp:

  • The MRQ is 0.585. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.464. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.585TTM0.464+0.121
TTM0.464YOY0.167+0.297
TTM0.4645Y0.257+0.207
5Y0.25710Y0.2570.000
1.4.2. Debt to Equity Ratio

Measures if Flora Growth Corp is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Flora Growth Corp to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Debt to Equity ratio of 129.0% means that company has $1.29 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Flora Growth Corp:

  • The MRQ is 1.290. The company is able to pay all its debts with equity. +1
  • The TTM is 1.002. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.290TTM1.002+0.288
TTM1.002YOY0.208+0.794
TTM1.0025Y0.439+0.564
5Y0.43910Y0.4390.000

2. Market Valuation of Flora Growth Corp

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Flora Growth Corp generates.

  • Above 15 is considered overpriced but always compare Flora Growth Corp to the Drug Manufacturers - Specialty & Generic industry mean.
  • A PE ratio of 1.92 means the investor is paying $1.92 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Flora Growth Corp:

  • The EOD is 3.832. Based on the earnings, the company is cheap. +2
  • The MRQ is 1.924. Based on the earnings, the company is cheap. +2
  • The TTM is 0.389. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD3.832MRQ1.924+1.908
MRQ1.924TTM0.389+1.535
TTM0.389YOY-0.736+1.125
TTM0.3895Y-0.513+0.902
5Y-0.51310Y-0.5130.000
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Flora Growth Corp:

  • The EOD is 9.259. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 4.649. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 0.737. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD9.259MRQ4.649+4.609
MRQ4.649TTM0.737+3.913
TTM0.737YOY-1.693+2.430
TTM0.7375Y-0.463+1.200
5Y-0.46310Y-0.4630.000
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Flora Growth Corp is to cheap or to expensive compared to its book value.

Let's take a look of the Price to Book Ratio trends of Flora Growth Corp:

  • The EOD is 1.445. Based on the equity, the company is underpriced. +1
  • The MRQ is 0.726. Based on the equity, the company is cheap. +2
  • The TTM is 0.678. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.445MRQ0.726+0.719
MRQ0.726TTM0.678+0.047
TTM0.678YOY0.353+0.325
TTM0.6785Y0.523+0.155
5Y0.52310Y0.5230.000
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Flora Growth Corp.

3.1. Institutions holding Flora Growth Corp

Institutions are holding 15.476% of the shares of Flora Growth Corp.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-12-31Mirae Asset Global Investments (Korea) Co Ltd12.04060.002798836839378066.2274
2023-12-31Renaissance Technologies Corp0.73840.0001606132070051.8628
2023-12-31Geode Capital Management, LLC0.442203629500
2023-12-31Vanguard Group Inc0.207016990169900
2023-12-31XTX Topco Ltd0.14870.003612205122050
2023-12-31Tower Research Capital LLC0.07760.000163674256201.6106
2023-12-31UBS Group AG0.0311025562070425.9259
2023-12-31Royal Bank of Canada0.0091074900
2023-12-31Advisor Group Holdings, Inc.0.00510421-421-50
2023-12-31Morgan Stanley - Brokerage Accounts0.0034027600
2023-12-31VIMA LLC0.00240.00061971970
2023-12-31Advisory Services Network, LLC0.001401161160
2023-12-31Hanson Mcclain Inc0.000907200
2023-12-31Nelson, Van Denburg & Campbell Wealth Management Group, LLC0.000706000
2023-12-31Wells Fargo & Co0.00070551125
2023-12-31Gradient Investments0.000605000
2023-12-31Toth Financial Advisory Corp0.000504500
2023-12-31Bank of America Corp0.000503900
2023-09-30PNC Financial Services Group Inc0.000503800
2023-12-31Focused Wealth Strategies, INC.0.000403300
Total 13.71180.00711125545+449904+40.0%

3.2. Funds holding Flora Growth Corp

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-09-22Medical Cannabis and Wellness ETF Acc1.65571.7099135911-135958-50.0086
2024-01-31SG Actions US Techno C1.21820.0171000001000000
2024-01-31Fidelity Extended Market Index0.39090.00013208400
2024-01-31Vanguard Institutional Extnd Mkt Idx Tr0.2789022890590034.7263
2023-12-31NT Ext Equity Mkt Idx Fd - L0.0940.0002771900
2023-12-31Northern Trust Extended Eq Market Idx0.0940.0002771900
2024-01-31Fidelity Nasdaq Composite Index0.04930404900
2024-01-31Fidelity Series Total Market Index0.0490402640260
2024-01-31Spartan Extended Market Index Pool E0.00108100
Total 3.8311.7274314479-26032-8.3%

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Flora Growth Corp compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.353-1.250+455%0.918-62%0.114+209%0.114+209%
Book Value Per Share--1.5994.062-61%6.333-75%3.659-56%3.659-56%
Current Ratio--1.4391.568-8%5.371-73%4.214-66%4.214-66%
Debt To Asset Ratio--0.5850.464+26%0.167+250%0.257+128%0.257+128%
Debt To Equity Ratio--1.2901.002+29%0.208+519%0.439+194%0.439+194%
Dividend Per Share----0%0.000-100%0.000-100%0.000-100%
Eps--0.151-1.836+1318%-1.263+938%-1.081+817%-1.081+817%
Free Cash Flow Per Share--0.062-0.302+584%-0.385+717%-0.454+828%-0.454+828%
Free Cash Flow To Equity Per Share--0.347-0.065+119%0.754-54%0.343+1%0.343+1%
Gross Profit Margin--0.0770.890-91%1.136-93%1.008-92%1.008-92%
Intrinsic Value_10Y_max--8.743--------
Intrinsic Value_10Y_min--6.547--------
Intrinsic Value_1Y_max---1.536--------
Intrinsic Value_1Y_min---1.510--------
Intrinsic Value_3Y_max---2.777--------
Intrinsic Value_3Y_min---2.689--------
Intrinsic Value_5Y_max---1.802--------
Intrinsic Value_5Y_min---1.831--------
Market Cap18961866.000+50%9521976.0008334602.010+14%26281757.755-64%15384287.219-38%15384287.219-38%
Net Profit Margin--0.071-0.822+1251%-2.566+3693%-1.274+1883%-1.274+1883%
Operating Margin---0.0320.382-108%-1.212+3687%-0.540+1588%-0.540+1588%
Operating Ratio--1.0321.244-17%2.212-53%1.434-28%1.434-28%
Pb Ratio1.445+50%0.7260.678+7%0.353+105%0.523+39%0.523+39%
Pe Ratio3.832+50%1.9240.389+394%-0.736+138%-0.513+127%-0.513+127%
Price Per Share2.310+50%1.1601.015+14%1.264-8%1.321-12%1.321-12%
Price To Free Cash Flow Ratio9.259+50%4.6490.737+531%-1.693+136%-0.463+110%-0.463+110%
Price To Total Gains Ratio6.552+50%3.2900.703+368%-0.574+117%0.265+1140%0.265+1140%
Quick Ratio--0.7020.846-17%4.291-84%2.255-69%2.255-69%
Return On Assets--0.039-0.407+1140%-0.235+700%-0.321+919%-0.321+919%
Return On Equity--0.086-1.070+1339%-0.287+432%-0.552+739%-0.552+739%
Total Gains Per Share--0.353-1.250+455%0.918-62%0.114+209%0.114+209%
Usd Book Value--13122000.00033343500.000-61%67629250.000-81%34501617.143-62%34501617.143-62%
Usd Book Value Change Per Share--0.353-1.250+455%0.918-62%0.114+209%0.114+209%
Usd Book Value Per Share--1.5994.062-61%6.333-75%3.659-56%3.659-56%
Usd Dividend Per Share----0%0.000-100%0.000-100%0.000-100%
Usd Eps--0.151-1.836+1318%-1.263+938%-1.081+817%-1.081+817%
Usd Free Cash Flow--512000.000-2478750.000+584%-3945000.000+871%-3950210.071+872%-3950210.071+872%
Usd Free Cash Flow Per Share--0.062-0.302+584%-0.385+717%-0.454+828%-0.454+828%
Usd Free Cash Flow To Equity Per Share--0.347-0.065+119%0.754-54%0.343+1%0.343+1%
Usd Market Cap18961866.000+50%9521976.0008334602.010+14%26281757.755-64%15384287.219-38%15384287.219-38%
Usd Price Per Share2.310+50%1.1601.015+14%1.264-8%1.321-12%1.321-12%
Usd Profit--1237000.000-14937250.000+1308%-18884750.000+1627%-11265558.929+1011%-11265558.929+1011%
Usd Revenue--17317000.00017593250.000-2%7568500.000+129%7421357.143+133%7421357.143+133%
Usd Total Gains Per Share--0.353-1.250+455%0.918-62%0.114+209%0.114+209%
 EOD+4 -4MRQTTM+20 -14YOY+14 -225Y+20 -1610Y+20 -16

4.2. Fundamental Score

Let's check the fundamental score of Flora Growth Corp based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-153.832
Price to Book Ratio (EOD)Between0-11.445
Net Profit Margin (MRQ)Greater than00.071
Operating Margin (MRQ)Greater than0-0.032
Quick Ratio (MRQ)Greater than10.702
Current Ratio (MRQ)Greater than11.439
Debt to Asset Ratio (MRQ)Less than10.585
Debt to Equity Ratio (MRQ)Less than11.290
Return on Equity (MRQ)Greater than0.150.086
Return on Assets (MRQ)Greater than0.050.039
Total4/10 (40.0%)

4.3. Technical Score

Let's check the technical score of Flora Growth Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5082.625
Ma 20Greater thanMa 501.339
Ma 50Greater thanMa 1001.198
Ma 100Greater thanMa 2001.193
OpenGreater thanClose2.250
Total3/5 (60.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-09-302022-12-312023-03-312023-06-302023-09-30
Income before Tax  -7,388-6,675-14,06310,092-3,971-34,139-38,11038,689579
Net Income  -7,358-5,167-12,5258,620-3,905-40,651-44,55645,7931,237
Total Other Income Expense Net -3,011-33,431-36,44235,519-923-32,057-32,98034,1291,149
Net Income from Continuing Operations  -7,388-5,137-12,5258,620-3,905-33,086-36,99137,621630



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in USD. All numbers in thousands.

Summary
Total Assets31,600
Total Liabilities18,478
Total Stockholder Equity14,323
 As reported
Total Liabilities 18,478
Total Stockholder Equity+ 14,323
Total Assets = 31,600

Assets

Total Assets31,600
Total Current Assets23,857
Long-term Assets7,743
Total Current Assets
Cash And Cash Equivalents 4,763
Net Receivables 6,876
Inventory 10,637
Other Current Assets 957
Total Current Assets  (as reported)23,857
Total Current Assets  (calculated)23,233
+/- 624
Long-term Assets
Property Plant Equipment 1,836
Long Term Investments 200
Intangible Assets 5,422
Long-term Assets Other 285
Long-term Assets  (as reported)7,743
Long-term Assets  (calculated)7,743
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities16,582
Long-term Liabilities1,896
Total Stockholder Equity14,323
Total Current Liabilities
Short-term Debt 2,087
Short Long Term Debt 1,115
Accounts payable 6,706
Other Current Liabilities 5,772
Total Current Liabilities  (as reported)16,582
Total Current Liabilities  (calculated)15,680
+/- 902
Long-term Liabilities
Capital Lease Obligations 2,002
Long-term Liabilities  (as reported)1,896
Long-term Liabilities  (calculated)2,002
+/- 106
Total Stockholder Equity
Retained Earnings -133,734
Accumulated Other Comprehensive Income -1,800
Other Stockholders Equity 149,857
Total Stockholder Equity (as reported)14,323
Total Stockholder Equity (calculated)14,323
+/-0
Other
Cash and Short Term Investments 4,763
Common Stock Shares Outstanding 7,637
Current Deferred Revenue2,017
Liabilities and Stockholders Equity 31,600
Net Debt -1,646
Net Invested Capital 15,438
Net Working Capital 7,275
Property Plant and Equipment Gross 2,066
Short Long Term Debt Total 3,117



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-06-30
> Total Assets 
0
0
9,295
0
0
0
30,252
0
85,479
85,479
79,068
73,134
80,987
77,040
30,479
31,600
31,60030,47977,04080,98773,13479,06885,47985,479030,2520009,29500
   > Total Current Assets 
0
0
8,649
17,634
17,634
0
24,104
47,943
47,943
47,943
27,156
22,909
31,155
27,879
22,262
23,857
23,85722,26227,87931,15522,90927,15647,94347,94347,94324,104017,63417,6348,64900
       Cash And Cash Equivalents 
0
0
6,175
0
0
0
18,806
0
37,614
37,614
10,268
5,900
9,537
5,259
1,782
4,763
4,7631,7825,2599,5375,90010,26837,61437,614018,8060006,17500
       Net Receivables 
0
0
1,555
1,146
1,146
0
1,870
5,597
5,597
5,597
5,354
4,647
10,551
10,434
8,228
6,876
6,8768,22810,43410,5514,6475,3545,5975,5975,5971,87001,1461,1461,55500
       Other Current Assets 
0
0
919
78
78
0
-1
39
1,702
1,702
14
1,991
978
1,875
1,765
957
9571,7651,8759781,991141,7021,70239-10787891900
   > Long-term Assets 
0
0
647
0
0
0
6,148
0
37,536
37,536
51,912
50,225
49,834
49,161
8,217
7,743
7,7438,21749,16149,83450,22551,91237,53637,53606,14800064700
       Property Plant Equipment 
0
0
431
729
729
0
2,656
4,979
4,979
4,979
8,204
7,607
7,347
7,313
2,037
1,836
1,8362,0377,3137,3477,6078,2044,9794,9794,9792,656072972943100
       Goodwill 
0
0
0
0
0
0
431
0
20,054
20,054
28,666
28,856
23,372
23,372
0
0
0023,37223,37228,85628,66620,05420,0540431000000
       Long Term Investments 
0
0
0
0
0
0
2,430
0
0
0
1,337
755
730
730
200
200
2002007307307551,3370002,430000000
       Intangible Assets 
0
0
216
0
0
0
631
0
9,736
9,736
13,432
12,652
18,098
17,470
5,717
5,422
5,4225,71717,47018,09812,65213,4329,7369,736063100021600
       Other Assets 
0
0
0
0
0
0
0
97
97
273
273
271
-2
276
263
0
0263276-227127327397970000000
> Total Liabilities 
0
0
1,532
0
0
0
6,213
0
8,538
8,538
16,599
18,968
24,575
23,428
20,251
18,478
18,47820,25123,42824,57518,96816,5998,5388,53806,2130001,53200
   > Total Current Liabilities 
0
0
1,345
2,743
2,743
0
5,862
6,119
6,119
6,119
8,551
8,684
17,447
15,499
17,827
16,582
16,58217,82715,49917,4478,6848,5516,1196,1196,1195,86202,7432,7431,34500
       Short-term Debt 
0
0
53
0
0
0
134
0
430
430
1,130
1,107
2,274
2,327
2,324
2,087
2,0872,3242,3272,2741,1071,13043043001340005300
       Short Long Term Debt 
0
0
0
0
0
0
54
0
18
0
10
5
1,086
1,086
1,200
1,115
1,1151,2001,0861,086510018054000000
       Accounts payable 
0
0
1,292
1,787
1,787
0
5,728
5,611
5,628
5,628
7,401
7,559
7,748
6,322
6,617
6,706
6,7066,6176,3227,7487,5597,4015,6285,6285,6115,72801,7871,7871,29200
       Other Current Liabilities 
0
0
1,292
605
605
0
0
0
61
61
20
18
7,425
6,850
6,363
5,772
5,7726,3636,8507,425182061610006056051,29200
   > Long-term Liabilities 
0
0
187
0
0
0
351
0
2,419
2,419
8,048
10,284
7,128
7,929
2,424
1,896
1,8962,4247,9297,12810,2848,0482,4192,419035100018700
       Other Liabilities 
0
0
0
139
139
0
139
1,511
1,511
5,469
5,469
8,068
0
6,315
1,371
0
01,3716,31508,0685,4695,4691,5111,5111390139139000
> Total Stockholder Equity
0
0
7,820
0
0
0
24,193
0
77,166
77,166
62,771
54,498
56,823
54,052
10,934
14,323
14,32310,93454,05256,82354,49862,77177,16677,166024,1930007,82000
   Common Stock
0
0
11,056
27,254
27,254
0
38,943
102,428
102,428
102,428
119,300
120,160
0
0
0
0
0000120,160119,300102,428102,428102,42838,943027,25427,25411,05600
   Retained Earnings Total Equity0000000000000000
   Accumulated Other Comprehensive Income 
0
0
42
0
0
0
-162
0
-1,108
-1,108
-1,675
-2,723
-2,732
-2,375
-1,526
-1,800
-1,800-1,526-2,375-2,732-2,723-1,675-1,108-1,1080-1620004200
   Capital Surplus 0000000000000000
   Treasury Stock0000000000000000
   Other Stockholders Equity 
0
0
2,101
6,396
6,396
0
7,796
13,274
14,382
14,382
16,658
15,518
150,420
150,403
150,726
149,857
149,857150,726150,403150,42015,51816,65814,38214,38213,2747,79606,3966,3962,10100



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue72,416
Cost of Revenue-53,984
Gross Profit18,43218,432
 
Operating Income (+$)
Gross Profit18,432
Operating Expense-90,226
Operating Income-17,810-71,794
 
Operating Expense (+$)
Research Development154
Selling General Administrative29,045
Selling And Marketing Expenses-
Operating Expense90,22629,199
 
Net Interest Income (+$)
Interest Income-
Interest Expense--
Other Finance Cost-58
Net Interest Income-58
 
Pretax Income (+$)
Operating Income-17,810
Net Interest Income-58
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-58,98123,303
EBIT - interestExpense = 0
-59,766
-59,766
Interest Expense-
Earnings Before Interest and Taxes (EBIT)--58,981
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-58,981
Tax Provision--2,785
Net Income From Continuing Ops-56,196-56,196
Net Income-59,766
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-41,11358
 

Technical Analysis of Flora Growth Corp
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Flora Growth Corp. The general trend of Flora Growth Corp is BULLISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Flora Growth Corp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (42.9%) Bearish trend (-42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Flora Growth Corp.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 4.1899 < 5.258 < 5.376.

The bearish price targets are: 1.99 > 1.25 > 0.99.

Tweet this
Flora Growth Corp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Flora Growth Corp. The current mas is .

The long score for the Moving Averages is 10/14.
The longshort score for the Moving Averages is 6/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Flora Growth Corp Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Flora Growth Corp. The current macd is 0.25170039.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Flora Growth Corp price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Flora Growth Corp. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Flora Growth Corp price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Flora Growth Corp Daily Moving Average Convergence/Divergence (MACD) ChartFlora Growth Corp Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Flora Growth Corp. The current adx is 31.79.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Flora Growth Corp shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Flora Growth Corp Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Flora Growth Corp. The current sar is 1.362064.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Flora Growth Corp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Flora Growth Corp. The current rsi is 82.62. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
Flora Growth Corp Daily Relative Strength Index (RSI) ChartFlora Growth Corp Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Flora Growth Corp. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Flora Growth Corp price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Flora Growth Corp Daily Stochastic Oscillator ChartFlora Growth Corp Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Flora Growth Corp. The current cci is 230.59.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Flora Growth Corp Daily Commodity Channel Index (CCI) ChartFlora Growth Corp Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Flora Growth Corp. The current cmo is 75.87.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Flora Growth Corp Daily Chande Momentum Oscillator (CMO) ChartFlora Growth Corp Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Flora Growth Corp. The current willr is -31.92016092.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Flora Growth Corp is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Flora Growth Corp Daily Williams %R ChartFlora Growth Corp Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Flora Growth Corp.

Flora Growth Corp Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Flora Growth Corp. The current atr is 0.28711092.

Flora Growth Corp Daily Average True Range (ATR) ChartFlora Growth Corp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Flora Growth Corp. The current obv is 29,675,133.

Flora Growth Corp Daily On-Balance Volume (OBV) ChartFlora Growth Corp Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Flora Growth Corp. The current mfi is 99.46.

The long score for the Money Flow Index (MFI) is 2/2.
The longshort score for the Money Flow Index (MFI) is 2/(-2 +2).

  • MFI > 50: +1
  • MFI > 80: +1
Flora Growth Corp Daily Money Flow Index (MFI) ChartFlora Growth Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Flora Growth Corp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-14CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-29CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-30DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-01MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-04STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-05ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-14STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-18STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-28MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-02MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-08ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-09RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-18RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-24WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-26DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-29CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-13CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-15RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-02-16SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-23STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-28CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-14DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-18DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-26STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-28STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Flora Growth Corp Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Flora Growth Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5082.625
Ma 20Greater thanMa 501.339
Ma 50Greater thanMa 1001.198
Ma 100Greater thanMa 2001.193
OpenGreater thanClose2.250
Total3/5 (60.0%)
Penke

Good job! You gained 25 XP and 0   0   10 . What's next:

  • Share my analysis of Flora Growth Corp with someone you think should read this too:
  • Are you bullish or bearish on Flora Growth Corp? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Flora Growth Corp? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about Flora Growth Corp

I send you an email if I find something interesting about Flora Growth Corp.


Comments

How you think about this?

Leave a comment

Stay informed about Flora Growth Corp.

Receive notifications about Flora Growth Corp in your mailbox!