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NASDAQ:IMCC

IM Cannabis (IMCC) Stock Price, News & Analysis

IM Cannabis logo
$1.97
-0.11 (-5.29%)
(As of 11/1/2024 ET)

About IM Cannabis Stock (NASDAQ:IMCC)

Key Stats

Today's Range
$1.93
$2.16
50-Day Range
$1.97
$2.96
52-Week Range
$1.13
$8.10
Volume
27,932 shs
Average Volume
98,046 shs
Market Capitalization
$4.39 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

IM Cannabis Corp. engages in breeding, growing, and supply of medical cannabis products in Israel and Germany. It offers cannabis flowers and strain-specific cannabis extracts under the IMC brand; and dried flower, pre-rolls, minis, and full spectrum extracts offerings under the WAGNERS and BLKMKT brands. The company serves medical patients. IM Cannabis Corp. is headquartered in Tel Aviv, Israel.

IM Cannabis Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
8th Percentile Overall Score

IMCC MarketRank™: 

IM Cannabis scored higher than 8% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for IM Cannabis are expected to grow in the coming year, from ($5.61) to ($2.08) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of IM Cannabis is -0.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of IM Cannabis is -0.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    IM Cannabis has a P/B Ratio of 0.43. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about IM Cannabis' valuation and earnings.
  • Percentage of Shares Shorted

    0.26% of the float of IM Cannabis has been sold short.
  • Short Interest Ratio / Days to Cover

    IM Cannabis has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

  • Dividend Yield

    IM Cannabis does not currently pay a dividend.

  • Dividend Growth

    IM Cannabis does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    0.26% of the float of IM Cannabis has been sold short.
  • Short Interest Ratio / Days to Cover

    IM Cannabis has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

  • Search Interest

    Only 1 people have searched for IMCC on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • MarketBeat Follows

    1 people have added IM Cannabis to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, IM Cannabis insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 5.91% of the stock of IM Cannabis is held by insiders.

  • Percentage Held by Institutions

    Only 7.68% of the stock of IM Cannabis is held by institutions.

  • Read more about IM Cannabis' insider trading history.
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IMCC Stock News Headlines

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It's a groundbreaking opportunity that could be poised for extraordinary gains. The catalyst behind this surge is a massive new blockchain development…
IM Cannabis Corp. (IMCC)
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IMCC Stock Analysis - Frequently Asked Questions

IM Cannabis' stock was trading at $2.1420 at the beginning of 2024. Since then, IMCC shares have decreased by 8.0% and is now trading at $1.97.
View the best growth stocks for 2024 here
.

IM Cannabis Corp. (NASDAQ:IMCC) issued its quarterly earnings results on Wednesday, August, 14th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.84) by $0.67. The company earned $10.78 million during the quarter, compared to the consensus estimate of $9.62 million. IM Cannabis had a negative net margin of 26.46% and a negative trailing twelve-month return on equity of 97.26%.

IM Cannabis's stock reverse split before market open on Friday, July 12th 2024. The 1-6 reverse split was announced on Friday, July 12th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Friday, July 12th 2024. An investor that had 100 shares of stock prior to the reverse split would have 17 shares after the split.

Shares of IMCC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that IM Cannabis investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Adobe (ADBE), Arista Networks (ANET), General Electric (GE) and AppLovin (APP).

Company Calendar

Last Earnings
8/14/2024
Today
11/02/2024
Next Earnings (Estimated)
11/11/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Medicinals & botanicals
Sub-Industry
Pharmaceutical Products
Current Symbol
NASDAQ:IMCC
Fax
N/A
Employees
340
Year Founded
N/A

Profitability

Net Income
$-7,040,000.00
Pretax Margin
-29.61%

Debt

Sales & Book Value

Annual Sales
$36.15 million
Book Value
$4.55 per share

Miscellaneous

Free Float
2,100,000
Market Cap
$4.39 million
Optionable
Not Optionable
Beta
0.44
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This page (NASDAQ:IMCC) was last updated on 11/2/2024 by MarketBeat.com Staff
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