IM Cannabis Corp (NASDAQ: IMCC) is 114.06% higher on its value in year-to-date trading and has touched a low of $1.29 and a high of $4.49 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IMCC stock was last observed hovering at around $2.71 in the last trading session, with the day’s gains setting it 2.28%.
Currently trading at $4.99, the stock is 163.37% and 195.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.43 million and changing 84.13% at the moment leaves the stock 128.55% off its SMA200. IMCC registered 38.45% gain for a year compared to 6-month loss of 91.19%. The firm has a 50-day simple moving average (SMA 50) of $1.68808 and a 200-day simple moving average (SMA200) of $2.183335.
The stock witnessed a 232.67% gain in the last 1 month and extending the period to 3 months gives it a 143.36%, and is 183.52% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 28.63% over the week and 16.41% over the month.
IM Cannabis Corp (IMCC) has around 55 employees, a market worth around $15.42M and $39.21M in sales. Profit margin for the company is -8.73%. Distance from 52-week low is 286.82% and 11.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-84.34%).
12.0 institutions hold shares in IM Cannabis Corp (IMCC), with institutional investors hold 6.43% of the company’s shares. The shares outstanding are 3.09M, and float is at 1.86M with Short Float at 1.11%. Institutions hold 3.87% of the Float.
