A share price of IM Cannabis Corp [IMCC] is currently trading at $6.20, up 24.25%. An important factor to consider is whether the stock is rising or falling in short-term value. The IMCC shares have gain 252.27% over the last week, with a monthly amount glided 266.86%, and seem to be holding up well over a long-time horizon.
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 $1.29 and $5.97. IM Cannabis Corp [NASDAQ: IMCC] shares were valued at $6.20 at the most recent close of the market.
Analyzing the IMCC fundamentals
Trailing Twelve Months sales for IM Cannabis Corp [NASDAQ:IMCC] were 39.21M which represents -2.61% decline. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at -0.5%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.2%. To continue investigating profitability, this company’s Return on Assets is posted at -0.27, Equity is -1.52 and Total Capital is -6.38. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.44.
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 4.34 points at the first support level, and at 2.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.40, and for the 2nd resistance point, it is at 8.60.
Ratios To Look Out For
To put it in perspective, the Current Ratio for IM Cannabis Corp [NASDAQ:IMCC] is 0.72. On the other hand, the Quick Ratio is 0.59, and the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 0.49, the price to book ratio is 5.17.
