IM Cannabis Corp. (NASDAQ:IMCC) went up by 37.82% from its latest closing price compared to the recent 1-year high of $33.55. The company’s stock price has collected 35.65% of gains in the last five trading sessions. Press Release reported on 11/18/21 that IM Cannabis Announces Fourth Installment of Shares in Connection with the Panaxia Transaction
Is It Worth Investing in IM Cannabis Corp. (NASDAQ :IMCC) Right Now?
IMCC currently public float of 48.35M and currently shorts hold a 0.03% ratio of that float. Today, the average trading volume of IMCC was 157.89K shares.
IMCC’s Market Performance
IMCC stocks went up by 35.65% for the week, with a monthly jump of 48.33% and a quarterly performance of 17.17%, while its annual performance rate touched -16.29%. The volatility ratio for the week stands at 14.03% while the volatility levels for the past 30 days are set at 13.04% for IM Cannabis Corp.. The simple moving average for the period of the last 20 days is 52.21% for IMCC stocks with a simple moving average of -17.37% for the last 200 days.
Analysts’ Opinion of IMCC
Many brokerage firms have already submitted their reports for IMCC stocks, with ROTH Capital repeating the rating for IMCC by listing it as a “Buy.” The predicted price for IMCC in the upcoming period, according to ROTH Capital is $8 based on the research report published on October 05th of the current year 2021.
IMCC Trading at 39.21% from the 50-Day Moving Average
After a stumble in the market that brought IMCC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -87.18% of loss for the given period.
Volatility was left at 13.04%, however, over the last 30 days, the volatility rate increased by 14.03%, as shares surge +46.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.33% upper at present.
During the last 5 trading sessions, IMCC rose by +35.65%, in comparison to the 20-day moving average, which settled at $2.89. In addition, IM Cannabis Corp. saw -44.87% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for IMCC
Current profitability levels for the company are sitting at:
- -126.03 for the present operating margin
- -8.26 for the gross margin
The net margin for IM Cannabis Corp. stands at -180.60. The total capital return value is set at -98.27, while invested capital returns managed to touch -153.17. Equity return is now at value -0.30, with -0.20 for asset returns.
Based on IM Cannabis Corp. (IMCC), the company’s capital structure generated 8.92 points at debt to equity in total, while total debt to capital is 8.19. Total debt to assets is 2.60, with long-term debt to equity ratio resting at 7.42. Finally, the long-term debt to capital ratio is 6.81.
When we switch over and look at the enterprise to sales, we see a ratio of 8.28, with the company’s debt to enterprise value settled at 0.00. The receivables turnover for the company is 4.09 and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.33.