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Flora Growth Corp
Buy, Hold or Sell?

Let's analyze Flora Growth Corp together

I 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.

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1. Quick Overview

1.1. Quick analysis of Flora Growth Corp (30 sec.)










1.2. 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?
5.6%

What is your share worth?

Current worth
$0.39
Expected worth in 1 year
$-0.21
How sure are you?
33.3%

+ What do you gain per year?

Total Gains per Share
$-0.59
Return On Investment
-45.7%

For what price can you sell your share?

Current Price per Share
$1.30
Expected price per share
$0.92 - $2.9289
How sure are you?
50%
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2. Detailed Analysis

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




Live pricePrice per Share (EOD)
$1.30
Intrinsic Value Per Share
$34.86 - $42.31
Total Value Per Share
$35.25 - $42.69

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




Is Flora Growth Corp growing?

Current yearPrevious yearGrowGrow %
How rich?$5.1m$33.3m-$27.5m-479.8%

How much money is Flora Growth Corp making?

Current yearPrevious yearGrowGrow %
Making money-$4.5m-$14.9m$10.4m230.8%
Net Profit Margin-28.0%-82.2%--

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

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




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3. Summary and Key Metrics

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

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.

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 $1.3. 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 $0.39. Based on the TTM, the Book Value Change Per Share is $-0.15 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.77 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 Eps-0.28-21.7%-0.34-26.0%-1.13-86.7%-0.60-45.8%-0.60-45.8%
Usd Book Value Change Per Share-0.23-17.8%-0.15-11.4%-0.77-59.1%0.021.7%0.021.7%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-0.23-17.8%-0.15-11.4%-0.77-59.1%0.021.7%0.021.7%
Usd Price Per Share1.53-1.55-1.02-1.37-1.37-
Price to Earnings Ratio-1.36--1.37-0.63--0.87--0.87-
Price-to-Total Gains Ratio-6.63--4.03-1.14--3.60--3.60-
Price to Book Ratio3.94-4.56-1.10-1.64-1.64-
Price-to-Total Gains Ratio-6.63--4.03-1.14--3.60--3.60-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.3
Number of shares769
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share-0.150.02
Usd Total Gains Per Share-0.150.02
Gains per Quarter (769 shares)-114.1316.59
Gains per Year (769 shares)-456.5266.36
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-457-46706656
20-913-9240133122
30-1370-13810199188
40-1826-18380265254
50-2283-22950332320
60-2739-27520398386
70-3196-32090464452
80-3652-36660531518
90-4109-41230597584
100-4565-45800663650

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 Share0.04.00.00.0%1.011.00.08.3%1.017.00.05.6%1.017.00.05.6%1.017.00.05.6%
Book Value Change Per Share1.03.00.025.0%4.08.00.033.3%6.08.04.033.3%6.08.04.033.3%6.08.04.033.3%
Dividend per Share0.00.04.00.0%1.00.011.08.3%1.00.017.05.6%1.00.017.05.6%1.00.017.05.6%
Total Gains per Share1.03.00.025.0%4.08.00.033.3%6.08.04.033.3%6.08.04.033.3%6.08.04.033.3%
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3.2. 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---0.231-0.148-36%-0.768+233%0.022-1171%0.022-1171%
Book Value Per Share--0.3880.430-10%2.495-84%1.881-79%1.881-79%
Current Ratio--1.0191.155-12%1.568-35%3.534-71%3.534-71%
Debt To Asset Ratio--0.8230.787+5%0.464+77%0.375+120%0.375+120%
Debt To Equity Ratio--5.6704.520+25%1.002+466%1.345+321%1.345+321%
Dividend Per Share----0%-0%0.000-100%0.000-100%
Enterprise Value--562745.0004413241.250-87%-2776074.225+593%21353466.939-97%21353466.939-97%
Eps---0.282-0.338+20%-1.128+299%-0.595+111%-0.595+111%
Ev To Ebitda Ratio---0.038-0.286+655%-0.263+593%-1.229+3142%-1.229+3142%
Ev To Sales Ratio--0.0110.061-82%-0.064+669%2.157-99%2.157-99%
Free Cash Flow Per Share---0.157-0.090-43%-0.185+18%-0.239+52%-0.239+52%
Free Cash Flow To Equity Per Share---0.176-0.019-89%-0.040-77%0.173-202%0.173-202%
Gross Profit Margin--2.1311.502+42%0.890+139%1.118+91%1.118+91%
Intrinsic Value_10Y_max--42.306--------
Intrinsic Value_10Y_min--34.858--------
Intrinsic Value_1Y_max--0.021--------
Intrinsic Value_1Y_min--0.018--------
Intrinsic Value_3Y_max--3.277--------
Intrinsic Value_3Y_min--3.064--------
Intrinsic Value_5Y_max--10.410--------
Intrinsic Value_5Y_min--9.386--------
Market Cap17376450.000-18%20450745.00020751491.250-1%13571675.775+51%21364418.731-4%21364418.731-4%
Net Profit Margin---0.303-0.280-8%-0.822+172%-1.053+248%-1.053+248%
Operating Margin---0.316-0.277-12%0.391-181%-0.479+52%-0.479+52%
Operating Ratio--1.2961.127+15%1.244+4%1.366-5%1.366-5%
Pb Ratio3.350-18%3.9434.562-14%1.105+257%1.641+140%1.641+140%
Pe Ratio-1.151+15%-1.355-1.371+1%0.634-314%-0.870-36%-0.870-36%
Price Per Share1.300-18%1.5301.553-1%1.015+51%1.372+12%1.372+12%
Price To Free Cash Flow Ratio-2.068+15%-2.433-6.034+148%1.200-303%-1.751-28%-1.751-28%
Price To Total Gains Ratio-5.631+15%-6.627-4.028-39%1.144-679%-3.600-46%-3.600-46%
Quick Ratio--0.3890.606-36%0.846-54%1.889-79%1.889-79%
Return On Assets---0.129-0.176+37%-0.407+216%-0.289+124%-0.289+124%
Return On Equity---0.888-0.904+2%-1.070+21%-0.630-29%-0.630-29%
Total Gains Per Share---0.231-0.148-36%-0.768+233%0.022-1170%0.022-1170%
Usd Book Value--5187000.0005750500.000-10%33343500.000-84%28112480.000-82%28112480.000-82%
Usd Book Value Change Per Share---0.231-0.148-36%-0.768+233%0.022-1171%0.022-1171%
Usd Book Value Per Share--0.3880.430-10%2.495-84%1.881-79%1.881-79%
Usd Dividend Per Share----0%-0%0.000-100%0.000-100%
Usd Enterprise Value--562745.0004413241.250-87%-2776074.225+593%21353466.939-97%21353466.939-97%
Usd Eps---0.282-0.338+20%-1.128+299%-0.595+111%-0.595+111%
Usd Free Cash Flow---2101000.000-1201037.000-43%-2478750.000+18%-3339282.722+59%-3339282.722+59%
Usd Free Cash Flow Per Share---0.157-0.090-43%-0.185+18%-0.239+52%-0.239+52%
Usd Free Cash Flow To Equity Per Share---0.176-0.019-89%-0.040-77%0.173-202%0.173-202%
Usd Market Cap17376450.000-18%20450745.00020751491.250-1%13571675.775+51%21364418.731-4%21364418.731-4%
Usd Price Per Share1.300-18%1.5301.553-1%1.015+51%1.372+12%1.372+12%
Usd Profit---3773000.000-4515500.000+20%-14937250.000+296%-9765545.833+159%-9765545.833+159%
Usd Revenue--12465000.00016038500.000-22%17593250.000-29%9336277.778+34%9336277.778+34%
Usd Total Gains Per Share---0.231-0.148-36%-0.768+233%0.022-1170%0.022-1170%
 EOD+3 -5MRQTTM+9 -29YOY+23 -155Y+16 -2410Y+16 -24

3.3 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)Between0-15-1.151
Price to Book Ratio (EOD)Between0-13.350
Net Profit Margin (MRQ)Greater than0-0.303
Operating Margin (MRQ)Greater than0-0.316
Quick Ratio (MRQ)Greater than10.389
Current Ratio (MRQ)Greater than11.019
Debt to Asset Ratio (MRQ)Less than10.823
Debt to Equity Ratio (MRQ)Less than15.670
Return on Equity (MRQ)Greater than0.15-0.888
Return on Assets (MRQ)Greater than0.05-0.129
Total2/10 (20.0%)

3.4 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 than5041.967
Ma 20Greater thanMa 501.536
Ma 50Greater thanMa 1001.567
Ma 100Greater thanMa 2001.330
OpenGreater thanClose1.520
Total2/5 (40.0%)

4. In-depth Analysis

4.1 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 worldwide. It operates through three segments: House of Brands, Commercial and Wholesale, and Pharmaceuticals. The company cultivates, processes, and supplies medicinal-grade cannabis flower, and cannabis derived medical and wellness products. It also offers food and beverage, nutraceuticals, cannabis accessories and technology, personal care, and wellness; cannabidiol (CBD) derived products, such as gummies, topicals, tinctures, and vape products; cannabis consumption accessories, personal storage, and travel accessories for the vape and dry herbs. In addition, the company manufactures and distributes pharmaceutical goods and medical cannabis products to treat a variety of health indications, including drugs related to cancer therapies, attention-deficit/hyperactivity disorder, multiple sclerosis, and anti-depressants. The company sells its products under the JustCBD, Vessel, and Phatebo brands. Flora Growth Corp. was incorporated in 2019 and is based in Fort Lauderdale, Florida.

Fundamental data was last updated by Penke on 2024-12-05 19:08:06.

4.2 In-depth Summary

4.2.1. Financial Health Summary

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 inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just 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 just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. 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 -30.3% means that $-0.30 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 -30.3%. The company is making a huge loss. -2
  • The TTM is -28.0%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-30.3%TTM-28.0%-2.3%
TTM-28.0%YOY-82.2%+54.3%
TTM-28.0%5Y-105.3%+77.3%
5Y-105.3%10Y-105.3%0.0%
4.3.1.2. 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.
  • -12.9% Return on Assets means that Flora Growth Corp generated $-0.13 profit for each $1 in assets.

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

  • The MRQ is -12.9%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -17.6%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-12.9%TTM-17.6%+4.8%
TTM-17.6%YOY-40.7%+23.1%
TTM-17.6%5Y-28.9%+11.2%
5Y-28.9%10Y-28.9%0.0%
4.3.1.3. 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.
  • -88.8% Return on Equity means Flora Growth Corp generated $-0.89 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 -88.8%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -90.4%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-88.8%TTM-90.4%+1.6%
TTM-90.4%YOY-107.0%+16.6%
TTM-90.4%5Y-63.0%-27.4%
5Y-63.0%10Y-63.0%0.0%
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4.3.2. Operating Efficiency of Flora Growth Corp.

4.3.2. Operating Efficiency
4.3.2.1. 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 -31.6% means the company generated $-0.32  for each $1 in revenue (before taxes).

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

  • The MRQ is -31.6%. The company is operating very inefficient. -2
  • The TTM is -27.7%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-31.6%TTM-27.7%-3.9%
TTM-27.7%YOY39.1%-66.8%
TTM-27.7%5Y-47.9%+20.2%
5Y-47.9%10Y-47.9%0.0%
4.3.2.2. 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 1.30 means that the operating costs are $1.30 for each $1 in net sales.

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

  • The MRQ is 1.296. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.127. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.296TTM1.127+0.169
TTM1.127YOY1.244-0.117
TTM1.1275Y1.366-0.239
5Y1.36610Y1.3660.000
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4.4.3. Liquidity of Flora Growth Corp.

4.4.3. Liquidity
4.4.3.1. 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 1.02 means the company has $1.02 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 1.019. The company is just able to pay all its short-term debts.
  • The TTM is 1.155. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.019TTM1.155-0.136
TTM1.155YOY1.568-0.413
TTM1.1555Y3.534-2.379
5Y3.53410Y3.5340.000
4.4.3.2. 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 0.39 means the company can pay off $0.39 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 0.389. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.606. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.389TTM0.606-0.217
TTM0.606YOY0.846-0.240
TTM0.6065Y1.889-1.283
5Y1.88910Y1.8890.000
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4.5.4. Solvency of Flora Growth Corp.

4.5.4. Solvency
4.5.4.1. 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 0.82 means that Flora Growth Corp assets are financed with 82.3% credit (debt) and the remaining percentage (100% - 82.3%) 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 0.823. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.787. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.823TTM0.787+0.036
TTM0.787YOY0.464+0.323
TTM0.7875Y0.375+0.412
5Y0.37510Y0.3750.000
4.5.4.2. 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 567.0% means that company has $5.67 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 5.670. The company is unable to pay all its debts with equity. -1
  • The TTM is 4.520. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ5.670TTM4.520+1.150
TTM4.520YOY1.002+3.518
TTM4.5205Y1.345+3.174
5Y1.34510Y1.3450.000
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. 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 -1.36 means the investor is paying $-1.36 for every $1 in earnings.

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

  • The EOD is -1.151. Based on the earnings, the company is expensive. -2
  • The MRQ is -1.355. Based on the earnings, the company is expensive. -2
  • The TTM is -1.371. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-1.151MRQ-1.355+0.204
MRQ-1.355TTM-1.371+0.016
TTM-1.371YOY0.634-2.005
TTM-1.3715Y-0.870-0.501
5Y-0.87010Y-0.8700.000
4.6.2.2. 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 -2.068. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -2.433. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -6.034. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-2.068MRQ-2.433+0.366
MRQ-2.433TTM-6.034+3.600
TTM-6.034YOY1.200-7.234
TTM-6.0345Y-1.751-4.283
5Y-1.75110Y-1.7510.000
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4.6.2. Book Value per Share
4.6.2.1. 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 3.350. Based on the equity, the company is fair priced.
  • The MRQ is 3.943. Based on the equity, the company is fair priced.
  • The TTM is 4.562. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD3.350MRQ3.943-0.593
MRQ3.943TTM4.562-0.619
TTM4.562YOY1.105+3.457
TTM4.5625Y1.641+2.921
5Y1.64110Y1.6410.000
4.6.2. Total Gains per Share

4.7 Holders & Insider Transactions

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

4.8.1. Institutions holding Flora Growth Corp

Institutions are holding 3.386% of the shares of Flora Growth Corp.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2024-09-30Renaissance Technologies Corp0.98110.0003131143-28452-17.8276
2024-09-30Geode Capital Management, LLC0.794701062211163312.2986
2024-09-30Vanguard Group Inc0.664208878000
2024-09-30Citadel Advisors Llc0.1607021484214840
2024-09-30XTX Topco Ltd0.13520.00218070180700
2024-09-30Northern Trust Corp0.122801641500
2024-09-30State Street Corp0.11601550000
2024-09-30Morgan Stanley - Brokerage Accounts0.05070677662241127.5362
2024-09-30Tower Research Capital LLC0.0120.00011600-1105-40.8503
2024-09-30Royal Bank of Canada0.0056074900
2024-06-30Advisor Group Holdings, Inc.0.0031042100
2024-06-30Bank of America Corp0.0010136-72507-99.8128
2024-09-30FMR Inc0.0007096960
2024-09-30Nelson, Van Denburg & Campbell Wealth Management Group, LLC0.000406000
2024-06-30Toth Financial Advisory Corp0.000304500
2024-09-30PNC Financial Services Group Inc0.0001013-25-65.7895
2024-09-30Northwestern Mutual Wealth Management Co0.0001011110
2024-09-30Trust Co Of Vermont0.00010880
2024-06-30Hanson Mcclain Inc000-72-100
2024-06-30Wells Fargo & Co000-56-100
Total 3.04880.0024407528-44691-11.0%

4.9.2. Funds holding Flora Growth Corp

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2024-10-31Vanguard Institutional Extnd Mkt Idx Tr0.66420.00018878000
2024-09-30Fidelity Extended Market Index0.47550.000263559-9061-12.4773
2024-09-30Fidelity Total Market Index0.129601732000
2024-09-30NT Ext Equity Mkt Idx Fd - L0.12280.00031641500
2024-09-30Northern Trust Extended Eq Market Idx0.12280.00031641500
2024-09-30Fidelity Series Total Market Index0.109401462910603263.3631
2024-09-30Spartan Total Market Index Pool E0.03280438500
2024-09-30Fidelity Nasdaq Composite Index0.03030404900
2024-09-30NT Ext Eq Mkt Indx Fd DC Lending Tier 50.0190.0003253340.1582
2024-09-30Spartan Extended Market Index Pool E0.01640.0001219829215.32
2024-09-30Fidelity U.S. Equity Index Ins Trust0.000608100
Total 1.72340.0013230364+1838+0.8%

5.3. Insider Transactions

Insiders are holding 23.022% of the shares of Flora Growth Corp.

DateOwnerTypeAmountPricePost Transaction AmountLink
2024-09-13Clifford StarkeBUY67950.95
2024-09-06Harold WolkinBUY250000.97
2024-09-05Clifford StarkeBUY510.95
2024-04-08Clifford StarkeBUY5263151.9
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5. Financial Statements




5.1. Reversals in quarterly reports

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

 2023-09-302023-12-312024-03-312024-06-302024-09-30
Accumulated Other Comprehensive Income  -1,8001,660-14027-113-19-132317185



5.2. Latest Balance Sheet

Balance Sheet of 2024-09-30. Currency in USD. All numbers in thousands.

Summary
Total Assets29,284
Total Liabilities24,097
Total Stockholder Equity4,250
 As reported
Total Liabilities 24,097
Total Stockholder Equity+ 4,250
Total Assets = 29,284

Assets

Total Assets29,284
Total Current Assets21,288
Long-term Assets7,996
Total Current Assets
Cash And Cash Equivalents 4,209
Net Receivables 3,922
Inventory 7,857
Other Current Assets 5,300
Total Current Assets  (as reported)21,288
Total Current Assets  (calculated)21,288
+/-0
Long-term Assets
Property Plant Equipment 1,966
Goodwill 2,150
Intangible Assets 3,778
Long-term Assets Other 102
Long-term Assets  (as reported)7,996
Long-term Assets  (calculated)7,996
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities20,893
Long-term Liabilities3,204
Total Stockholder Equity4,250
Total Current Liabilities
Short-term Debt 3,067
Accounts payable 6,654
Other Current Liabilities 11,172
Total Current Liabilities  (as reported)20,893
Total Current Liabilities  (calculated)20,893
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)3,204
Long-term Liabilities  (calculated)0
+/- 3,204
Total Stockholder Equity
Retained Earnings -152,010
Accumulated Other Comprehensive Income 185
Other Stockholders Equity 156,075
Total Stockholder Equity (as reported)4,250
Total Stockholder Equity (calculated)4,250
+/-0
Other
Cash and Short Term Investments 4,209
Common Stock Shares Outstanding 13,353
Current Deferred Revenue-3,177
Liabilities and Stockholders Equity 29,284
Net Debt 1,091
Net Working Capital 395
Short Long Term Debt Total 5,300



5.3. Balance Sheets Structured

Currency in USD. All numbers in thousands.

 Trend2024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-06-30
> 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
23,626
24,274
30,083
29,284
29,28430,08324,27423,62631,60030,47977,04080,98773,13479,06885,47985,479030,2520009,29500
   > 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
21,364
21,767
21,362
21,288
21,28821,36221,76721,36423,85722,26227,87931,15522,90927,15647,94347,94347,94324,104017,63417,6348,64900
       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
4,385
4,191
6,127
4,209
4,2096,1274,1914,3854,7631,7825,2599,5375,90010,26837,61437,614018,8060006,17500
       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
7,103
7,281
7,419
3,922
3,9227,4197,2817,1036,8768,22810,43410,5514,6475,3545,5975,5975,5971,87001,1461,1461,55500
       Other Current Assets 
0
0
919
78
78
0
-1
39
1,702
1,702
14
1,991
978
1,875
1,765
957
1,403
1,049
1,069
5,300
5,3001,0691,0491,4039571,7651,8759781,991141,7021,70239-10787891900
   > 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
2,262
2,507
8,721
7,996
7,9968,7212,5072,2627,7438,21749,16149,83450,22551,91237,53637,53606,14800064700
       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
1,236
1,496
2,296
1,966
1,9662,2961,4961,2361,8362,0377,3137,3477,6078,2044,9794,9794,9792,656072972943100
       Goodwill 
0
0
0
0
0
0
431
0
20,054
20,054
28,666
28,856
23,372
23,372
0
0
0
0
2,293
2,150
2,1502,293000023,37223,37228,85628,66620,05420,0540431000000
       Long Term Investments 
0
0
0
0
0
0
2,430
0
0
0
1,337
755
730
730
200
200
0
0
0
0
00002002007307307551,3370002,430000000
       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
946
908
4,031
3,778
3,7784,0319089465,4225,71717,47018,09812,65213,4329,7369,736063100021600
       Other Assets 
0
0
0
0
0
0
0
97
97
273
273
271
-2
276
263
0
0
0
0
0
00000263276-227127327397970000000
> 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
17,222
21,136
21,810
24,097
24,09721,81021,13617,22218,47820,25123,42824,57518,96816,5998,5388,53806,2130001,53200
   > 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
16,280
19,319
18,384
20,893
20,89318,38419,31916,28016,58217,82715,49917,4478,6848,5516,1196,1196,1195,86202,7432,7431,34500
       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
3,529
3,881
3,216
3,067
3,0673,2163,8813,5292,0872,3242,3272,2741,1071,13043043001340005300
       Short Long Term Debt 
0
0
0
0
0
0
54
0
18
0
10
5
1,086
1,086
1,200
1,115
1,931
3,078
2,415
0
02,4153,0781,9311,1151,2001,0861,086510018054000000
       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
5,111
5,005
4,620
6,654
6,6544,6205,0055,1116,7066,6176,3227,7487,5597,4015,6285,6285,6115,72801,7871,7871,29200
       Other Current Liabilities 
0
0
1,292
605
605
0
0
0
61
61
20
18
7,425
6,850
6,363
5,772
7,640
10,433
10,548
11,172
11,17210,54810,4337,6405,7726,3636,8507,425182061610006056051,29200
   > 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
942
1,817
3,426
3,204
3,2043,4261,8179421,8962,4247,9297,12810,2848,0482,4192,419035100018700
       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
0
0
0
0
000001,3716,31508,0685,4695,4691,5111,5111390139139000
> 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
6,404
3,138
7,309
4,250
4,2507,3093,1386,40414,32310,93454,05256,82354,49862,77177,16677,166024,1930007,82000
   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
0
0
0
0
00000000120,160119,300102,428102,428102,42838,943027,25427,25411,05600
   Retained Earnings Total Equity00000000000000000000
   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
-140
-113
-132
185
185-132-113-140-1,800-1,526-2,375-2,732-2,723-1,675-1,108-1,1080-1620004200
   Capital Surplus 00000000000000000000
   Treasury Stock00000000000000000000
   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
149,093
148,871
155,678
156,075
156,075155,678148,871149,093149,857150,726150,403150,42015,51816,65814,38214,38213,2747,79606,3966,3962,10100



5.4. Balance Sheets

Currency in USD. All numbers in thousands.




5.5. Cash Flows

Currency in USD. All numbers in thousands.




5.6. Income Statements

Currency in USD. All numbers in thousands.


5.7. Latest Income Statement

Income Statement (annual), 2023-12-31. Currency in USD. All numbers in thousands.

Gross Profit (+$)
totalRevenue76,071
Cost of Revenue-58,333
Gross Profit17,73817,738
 
Operating Income (+$)
Gross Profit17,738
Operating Expense-68,092
Operating Income-50,354-50,354
 
Operating Expense (+$)
Research Development62
Selling General Administrative15,823
Selling And Marketing Expenses4,710
Operating Expense68,09220,595
 
Net Interest Income (+$)
Interest Income0
Interest Expense-92
Other Finance Cost-34
Net Interest Income-58
 
Pretax Income (+$)
Operating Income-50,354
Net Interest Income-58
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-48,297-52,411
EBIT - interestExpense = -48,297
-58,664
-56,944
Interest Expense92
Earnings Before Interest and Taxes (EBIT)-48,205-48,205
Earnings Before Interest and Taxes (EBITDA)-45,870
 
After tax Income (+$)
Income Before Tax-48,297
Tax Provision--2,785
Net Income From Continuing Ops-56,196-45,512
Net Income-57,036
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses126,425
Total Other Income/Expenses Net2,05758
 

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 BEARISH with 14.3% 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 (-14.3%) Bearish trend (14.3%)
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: 2.109 < 2.11 < 2.9289.

The bearish price targets are: 1.105 > 1.1 > 0.92.

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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 6/14.
The longshort score for the Moving Averages is -2/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower 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 higher than the MA 200. +1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below 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 higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close < MA 200: The price is below 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 0.05839859.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-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 down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower 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 29.23.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-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 down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
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 2.1.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Flora Growth Corp Daily Parabolic SAR Chart
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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 41.97. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -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 Oversold in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • 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 -66.303437.

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 -25.34545791.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend 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 -89.88764045.

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

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Flora Growth Corp Daily Williams %R ChartFlora Growth Corp Daily Williams %R Chart
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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 0.23785899.

Flora Growth Corp Daily Average True Range (ATR) ChartFlora Growth Corp Daily Average True Range (ATR) Chart
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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 25,689,192.

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 57.81.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Flora Growth Corp Daily Money Flow Index (MFI) ChartFlora Growth Corp Daily Money Flow Index (MFI) Chart
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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
2024-07-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-29CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-07-30SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-07-31MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-08-02STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-08-05BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-08-06ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-08-07STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-08-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-08-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-08-23DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-08-26CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-08-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-09-03CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-09-05DMI 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
2024-09-06DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-09-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-09-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-09-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-09-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-09-17CCI 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).
2024-09-18STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-09-19STOCH SHORT EXITThe %K line crosses above the %D line.
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).
2024-09-20MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-09-23RSI 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
2024-09-24MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-09-25STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-09-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-09-30CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-10-01BB 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
2024-10-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-10-03RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-10-07STOCH 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
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-10-08MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-10-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-10-10STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-10-14RSI 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
2024-10-15SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-10-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-10-18CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-10-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-10-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-10-23CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-10-28SAR 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
2024-10-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-10-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-10-31DMI 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
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-11-01BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-11-04DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-06DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-11-15STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-11-19DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-11-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-11-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-11-26WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-11-27CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-11-29BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-12-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-12-09MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-12-10MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-12-12CCI 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).
2024-12-13SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
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).

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 than5041.967
Ma 20Greater thanMa 501.536
Ma 50Greater thanMa 1001.567
Ma 100Greater thanMa 2001.330
OpenGreater thanClose1.520
Total2/5 (40.0%)
Penke
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