Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. IM Cannabis Corp’s current trading price is -68.14% away from its 52-week high, while its distance from the 52-week low is 141.06%. The stock’s price range over this period has fluctuated between $0.19 and $1.43. The company, operating within the financial sector, had a trading volume of approximately 1.61 million for the day, which was noticeably higher than the average daily share volume of 0.36 million over the last 3 months.
In terms of market performance, IM Cannabis Corp had a fairly uneven. The highest value for the stock in the past year was $1.43 on 05/31/23, and the lowest value was recorded at $0.19 on 01/25/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
IM Cannabis Corp (IMCC) has experienced a quarterly rise of 34.06% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 6.10M and boasts a workforce of 153 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.3434, with a change in price of -0.0226. Similarly, IM Cannabis Corp recorded 275,242 in trading volume during the last 100 days, posting a change of -4.73%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to 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
Today’s raw stochastic average for IM Cannabis Corp over the last 50 days is 79.35%.This indicates a increase from the raw stochastic average of the past 20 days, which was 71.67%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 77.77% and 56.38%, respectively.
IMCC Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. This year’s metric has recorded a Price increase of 27.62%. However, over the past six months, we’ve seen a stronger performance of -31.90%. The price of IMCC fallen by 41.67% over the last 30 days. And in the last five days, it has surged by 49.43%.
