The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. IM Cannabis Corp’s current trading price is -43.71% away from its 52-week high, while its distance from the 52-week low is 325.93%. The stock’s price range for this period has been between $0.19 and $1.43 The company’s shares, which are part of the Healthcare sector, had a trading volume of approximately 0.94 million for the day, a number notably lower than the average daily volume of 1.48 million over the last three months.
IM Cannabis Corp saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $1.43 on 05/31/23, while the lowest price for the same duration was marked 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 232.64% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.78M and boasts a workforce of 95 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.4249, with a change in price of +0.4337. Similarly, IM Cannabis Corp recorded 1,062,944 in trading volume during the last 100 days, posting a change of +116.81%.
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 0.95. Similarly, the long-term debt-to-equity ratio is also 0.08.
IMCC Stock Stochastic Average
As of today, IM Cannabis Corp’s raw stochastic average for the last 50 days stands at 49.07%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 37.65%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 45.46% and 52.40%, 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. The index has shown a price gain of 125.49% this year. Over the last six months, there has been a weaker performance of 70.33%. The price of IMCC leaped by -6.40% during the last 30 days period. For the last 5-days stocks have improved 43.75%.
