A share price of IM Cannabis Corp [IMCC] is currently trading at $0.53, up 28.90%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The IMCC shares have gain 82.63% over the last week, with a monthly amount glided 59.49%, and seem to be holding up well over a long-time horizon.
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On 28, March 2024, IM Cannabis Reports 2023 Financial Results. In a post published today on Yahoo Finance, IM Cannabis Corp. (the “Company” or “IMC”) (NASDAQ: IMCC) (CSE: IMCC), an international medical cannabis company, announced its financial and operational results for the year ended December 31, 2023, the highlights of which are included in this news release. All figures are reported in Canadian dollars. The Company’s full set of consolidated audited financial statements for the years ended December 31, 2023 and 2022 (the “Annual Financial Statements”) and accompanying management’s discussion and analysis (the “Annual MD&A”) can be accessed by visiting the Company’s website at https://investors.imcannabis.com/, and its profile pages on SEDAR+ at www.sedarplus.ca, and EDGAR at http://www.sec.gov/edgar.
From an analyst’s perspective:
IM Cannabis Corp [NASDAQ: IMCC] stock has seen the most recent analyst activity on October 05, 2021, when ROTH Capital initiated its Buy rating and assigned the stock a price target of $8.
IM Cannabis Corp experienced fluctuations in its stock price throughout the past year between $0.19 and $1.43. IM Cannabis Corp [NASDAQ: IMCC] shares were valued at $0.53 at the most recent close of the market.
Analyzing the IMCC fundamentals
Trailing Twelve Months sales for IM Cannabis Corp [NASDAQ:IMCC] were 36.65M which represents -26.26% decline. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at -0.24%, Pretax Profit Margin comes in at -0.26%, and Net Profit Margin reading is -0.25%. To continue investigating profitability, this company’s Return on Assets is posted at -0.37, Equity is -0.9 and Total Capital is -0.78. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.61.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.4606 points at the first support level, and at 0.3912 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.5697, and for the 2nd resistance point, it is at 0.6094.
IM Cannabis Corp [IMCC] reported earnings per share of -$0.25 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.17/share, meaning a difference of -$0.08 and a surprise factor of -47.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.16 per share as compared to estimates of -$0.21 per share, a difference of $0.05 representing a surprise of 23.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for IM Cannabis Corp [NASDAQ:IMCC] is 0.74. In addition, the Quick Ratio stands at 0.41 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 0.19, the price to book ratio is 0.65.
