In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, IM Cannabis Corp (NASDAQ: IMCC) closed at $2.96 up 12.12% from its previous closing price of $2.64. In other words, the price has increased by $12.12 from its previous closing price. On the day, 0.12 million shares were traded. IMCC stock price reached its highest trading level at $3.05 during the session, while it also had its lowest trading level at $2.5848.
Ratios:
For a deeper understanding of IM Cannabis Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.63. For the most recent quarter (mrq), Quick Ratio is recorded 0.59 and its Current Ratio is at 0.72. In the meantime, Its Debt-to-Equity ratio is 2.96 whereas as Long-Term Debt/Eq ratio is at 0.10.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, ROTH Capital on October 05, 2021, initiated with a Buy rating and assigned the stock a target price of $8.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IMCC now has a Market Capitalization of 9966231 and an Enterprise Value of 19889920. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 2.47. Its current Enterprise Value per Revenue stands at 0.365 whereas that against EBITDA is -3.564.
Stock Price History:
The Beta on a monthly basis for IMCC is 2.06, which has changed by 0.17740655 over the last 52 weeks, in comparison to a change of 0.12792087 over the same period for the S&P500. Over the past 52 weeks, IMCC has reached a high of $7.12, while it has fallen to a 52-week low of $1.29. The 50-Day Moving Average of the stock is 27.13%, while the 200-Day Moving Average is calculated to be 33.79%.
Shares Statistics:
For the past three months, IMCC has traded an average of 250.99K shares per day and 76830 over the past ten days. A total of 3.09M shares are outstanding, with a floating share count of 0.87M. Insiders hold about 71.77% of the company’s shares, while institutions hold 3.40% stake in the company. Shares short for IMCC as of 1749772800 were 10083 with a Short Ratio of 0.04, compared to 1747267200 on 16126. Therefore, it implies a Short% of Shares Outstanding of 10083 and a Short% of Float of 0.47000000000000003.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
