Company’s 36-month beta value is 1.29.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for IMCC is 9.35M, and currently, short sellers hold a 1.05% ratio of that floaft. The average trading volume of IMCC on April 24, 2024 was 679.74K shares.
IMCC) stock’s latest price update
The stock price of IM Cannabis Corp (NASDAQ: IMCC) has dropped by -4.79 compared to previous close of 0.60. Despite this, the company has seen a gain of 10.31% in its stock price over the last five trading days. InvestorPlace reported 2024-04-19 that The progress toward legalization of cannabis in the United States continues at a slow pace, but medical marijuana is now permitted in approximately 37 states. Germany recently became the latest country to legalize cannabis for personal use beginning in April, coinciding with the informal holiday of 4/20.
IMCC’s Market Performance
IMCC’s stock has risen by 10.31% in the past week, with a monthly rise of 33.56% and a quarterly rise of 177.52%. The volatility ratio for the week is 16.00% while the volatility levels for the last 30 days are 27.43% for IM Cannabis Corp The simple moving average for the past 20 days is -15.43% for IMCC’s stock, with a 3.76% simple moving average for the past 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 05, 2021 of the previous year 2021.
IMCC Trading at 23.51% 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 -60.12% of loss for the given period.
Volatility was left at 27.43%, however, over the last 30 days, the volatility rate increased by 16.00%, as shares surge +39.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +122.86% upper at present.
During the last 5 trading sessions, IMCC rose by +10.31%, which changed the moving average for the period of 200-days by -41.21% in comparison to the 20-day moving average, which settled at $0.6825. In addition, IM Cannabis Corp saw 59.75% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for IMCC
Current profitability levels for the company are sitting at:
- -0.18 for the present operating margin
- 0.22 for the gross margin
The net margin for IM Cannabis Corp stands at -0.18. The total capital return value is set at -0.84. Equity return is now at value -45.97, with -15.56 for asset returns.
Based on IM Cannabis Corp (IMCC), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at -0.74. The debt to equity ratio resting at 0.9. The interest coverage ratio of the stock is -4.62.
Currently, EBITDA for the company is -9.18 million with net debt to EBITDA at -1.35. When we switch over and look at the enterprise to sales, we see a ratio of 0.3. The receivables turnover for the company is 6.64for trailing twelve months and the total asset turnover is 1.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.74.
Conclusion
In a nutshell, IM Cannabis Corp (IMCC) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
