In a report released today, William Kirk from MKM Partners reiterated a Buy rating on Flowr (FLWPF), with a price target of C$2.00. The company’s shares closed last Tuesday at $0.35, close to its 52-week low of $0.24.
According to TipRanks.com, Kirk has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -3.1% and a 44.1% success rate. Kirk covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Grocery Outlet Holding, and Constellation Brands.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Flowr with a $1.06 average price target.
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The company has a one-year high of $2.14 and a one-year low of $0.24. Currently, Flowr has an average volume of 65.48K.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FLWPF in relation to earlier this year.
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The Flowr Corp. engages in the operation and building of cannabis cultivation facilities for the purpose of serving the medical and legalized adult-use markets. It operates through the FlowrRx and Flowr brands. The FlowrRx brand targets the wellness, health, and alternative treatment for patients. The Flowr brand focuses on the recreational use. The company was founded by Tom Flow and is headquartered in Toronto, Canada.
