Flowr (FLWPF) Got Some Bad News

In a report released today, Frederico Gomes from ATB Capital Markets downgraded Flowr (FLWPFResearch Report) to Sell, with a price target of C$0.04. The company’s shares closed last Tuesday at $0.05, close to its 52-week low of $0.03.

According to, Gomes is a 1-star analyst with an average return of -12.9% and a 22.2% success rate. Gomes covers the Basic Materials sector, focusing on stocks such as Fire & Flower Holdings, Auxly Cannabis Group, and Khiron Life Sciences.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Flowr with a $0.03 average price target.

See Insiders’ Hot Stocks on TipRanks >>

Based on Flowr’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.54 million and GAAP net loss of $8.77 million. In comparison, last year the company earned revenue of $2.82 million and had a GAAP net loss of $9.72 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on FLWPF:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More