IM Cannabis Corp (NASDAQ:IMCC) does about 116.49K shares in volume on a normal day but saw 4634618 shares change hands in the recent trading day. The company now has a market cap of 10.75M USD. Its current market price is $3.48, marking a decrease of -43.87% compared to the previous close of $6.20. The 52 week high reached by this stock is $6.74 whilst the lowest price level in 52 weeks is $1.29.
The consensus objective for the share price is $6.00, suggesting that the stock has a potential upside of 42.0% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 05, 2021 when ROTH Capital initiated the stock to “Buy” and issued a price target of $8.
The current price level is 57.63%, 91.98%, and 57.93% away from its SMA20, SMA50, and SMA200 respectively, with the IMCC price moving below the 50-day SMA on current market day. IM Cannabis Corp (IMCC) stock is up 82.20% over the week and 105.92% over the past month. Its price is 49.29% year-to-date and -2.83% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 42.0 percent from here.
Outstanding shares total 3.09M with insiders holding 53.08% of the shares and institutional holders owning 3.87% of the company’s common stock. The company has a return on investment of -84.34% and return on equity of -63.75%. The beta has a value of 2.41. Price to book ratio is 2.90 and price to sales ratio is 0.27.
