IM Cannabis Corp [NASDAQ: IMCC] gained 51.23% or 1.25 points to close at $3.69 with a heavy trading volume of 3238634 shares.
The daily chart for IMCC points out that the company has recorded 10.61% gains over the past six months.
If we look at the average trading volume of 17.41K shares, IMCC reached to a volume of 3238634 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about IM Cannabis Corp [IMCC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IMCC shares is $6.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IMCC stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH Capital have made an estimate for IM Cannabis Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 05, 2021. While these analysts kept the previous recommendation, Desjardins raised their target price to Buy. The new note on the price target was released on July 14, 2021, representing the official price target for IM Cannabis Corp stock.
The Average True Range (ATR) for IM Cannabis Corp is set at 0.36, with the Price to Sales ratio for IMCC stock in the period of the last 12 months amounting to 0.22. The Price to Book ratio for the last quarter was 1.87, with the Price to Cash per share for the same quarter was set at 0.65.
Trading performance analysis for IMCC stock
IM Cannabis Corp [IMCC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 33.21. With this latest performance, IMCC shares gained by 70.05% in over the last four-week period, additionally plugging by 10.61% over the last 6 months – not to mention a rise of 58.14% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IMCC stock in for the last two-week period is set at 73.21, with the RSI for the last a single of trading hit 76.53, and the three-weeks RSI is set at 69.89 for IM Cannabis Corp [IMCC]. The present Moving Average for the last 50 days of trading for this stock 2.30, while it was recorded at 2.83 for the last single week of trading, and 2.83 for the last 200 days.
IM Cannabis Corp [IMCC]: A deeper dive into fundamental analysis
IM Cannabis Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.52 and a Current Ratio set at 0.70.
IM Cannabis Corp [IMCC]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, IM Cannabis Corp posted -1.5/share EPS, while the average EPS was predicted by analysts to be reported at -1.02/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.48. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IMCC.
An analysis of Institutional ownership at IM Cannabis Corp [IMCC]
There are presently around $6.13%, or 11.56%% of IMCC stock, in the hands of institutional investors.
