The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 14.23%.However, over the last six months, we can see a stronger performance of -29.68%. Over the last 30 days, the price of IMCC has fallen by 23.19%. And in the last five days, it has surged by 27.68%.
IM Cannabis Corp’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $1.43 on 05/31/23 and a low of $0.19 for the same time frame on 01/25/24.
52-week price history of IMCC Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. IM Cannabis Corp’s current trading price is -71.48% away from its 52-week high, while its distance from the 52-week low is 115.77%. The stock’s price range during this period has varied between$0.19 and $1.43. The IM Cannabis Corp’s shares, which operate in the Healthcare, saw a trading volume of around 1.01 million for the day, a figure considerably higher than their average daily volume of 0.35 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
IM Cannabis Corp (IMCC) has experienced a quarterly rise of 21.66% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.46M and boasts a workforce of 153 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.3436, with a change in price of -0.0723. Similarly, IM Cannabis Corp recorded 259,002 in trading volume during the last 100 days, posting a change of -15.06%.
IMCC’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for IMCC stands at 0.61. Similarly, the long-term debt-to-equity ratio is also 0.06.
IMCC Stock Stochastic Average
As of today, IM Cannabis Corp’s raw stochastic average for the last 50 days stands at 83.83%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 75.18%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 56.01% and 33.75%, respectively.
