Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. IM Cannabis Corp’s current trading price is -48.10% away from its 52-week high, while its distance from the 52-week low is 292.65%. The stock’s price range during this period has varied between $0.19 and $1.43. The company, active in the Healthcare sector, saw a trading volume of around 4.57 million for the day, considerably higher average daily volume of 0.41 million observed over the last three months.
IM Cannabis Corp had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $1.43 on 05/31/23, while the lowest price during the same period was $0.19 on 01/25/24.
How Financial Performance Impacts Market Capitalization
IM Cannabis Corp (IMCC) has experienced a quarterly rise of 118.78% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 9.94M and boasts a workforce of 95 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.3461, with a change in price of +0.2708. Similarly, IM Cannabis Corp recorded 335,067 in trading volume during the last 100 days, posting a change of +57.46%.
How IMCC’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for IMCC stands at 0.95. Similarly, the long-term debt-to-equity ratio is also 0.08.
IMCC Stock Stochastic Average
As of today, the raw stochastic average of IM Cannabis Corp over the last 50 days is at 70.84%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 66.99%. Further, the company’s Stochastic %K and %D values for the last 20 days were 86.43% and 80.73%, respectively.
IMCC Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 107.87%. However, over the past six months, we’ve seen a weaker performance of 7.88%. The price of IMCC fallen by 125.36% over the last 30 days. And in the last five days, it has surged by 73.79%.
