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What Do Analysts Say About IM Cannabis Corp. (IMCC)?

IM Cannabis Corp. (IMCC) saw an uptrend of 37.82% in the recent trading with $4.30 being its most recent. The current price level -87.18% lower than the highest price of $33.55 marked by the stock while trading over the past 52-weeks, whereas it is 90.27% higher than the lowest price of $2.26 the company dropped to over past 52-weeks. The latest news story on IMCC appeared in ACCESSWIRE under the title “IM Cannabis Announces Fourth Installment of Shares in Connection with the Panaxia Transaction” on Nov-18-21.

Looking into the simple moving average, IM Cannabis Corp. (IMCC)’s stock stands at a SMA-50 of $3.11 while that of 5-day is reading $3.35.


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IM Cannabis Corp. Earnings – What Happened With IMCC

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $11.11 billion.

IMCC – IM Cannabis Corp. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 66.63 million. IMCC does have institutional investors; and they hold 8.93% of the stock.

IM Cannabis Corp. – Insider Activity and Holdings

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by IM Cannabis Corp. was 4.33 while posting a debt to equity ratio of 0.12. The count was 7.42 for long-term debt to equity ratio.

IM Cannabis Corp.’s return on equity, or ROE, is -0.30%, compared to the industry average of -15.50% for Healthcare – Drug Manufacturers – Specialty & Generic. Although this indicates that IMCC uses its equity well, the metric will vary significantly depending on the industry.

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Technical Analysis of IM Cannabis Corp. (NASDAQ:IMCC) stock

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