IM Cannabis (IMCC) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $2.77 to $2.77
• 50-Day Range: $1.84 to $2.96
• 52-Week Range: $1.13 to $8.10
• Volume: 442 shs
• Average Volume: 94,157 shs
• Market Capitalization: $6.18 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

IM Cannabis Stock Analysis - MarketRank™

IM Cannabis scored higher than 17% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for IM Cannabis.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of IM Cannabis is -0.81, 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 -0.81, 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 2.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.19% 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

Short interest in IM Cannabis has recently decreased by 26.83%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

IM Cannabis does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.19% 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

Short interest in IM Cannabis has recently decreased by 26.83%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.71

News Sentiment

IM Cannabis has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for IM Cannabis this week, compared to 1 article on an average week.

Search Interest

3 people have searched for IMCC on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added IM Cannabis to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

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.

IMCC Stock Analysis - Frequently Asked Questions

How have IMCC shares performed this year?

IM Cannabis' stock was trading at $2.1420 on January 1st, 2024. Since then, IMCC shares have increased by 29.3% and is now trading at $2.77.
View the best growth stocks for 2024 here.

When did IM Cannabis' stock split?

Shares of IM Cannabis 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 market closes 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.

How do I buy shares of IM Cannabis?

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.

What other stocks do shareholders of IM Cannabis own?

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

• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Medicinals & botanicals
• Sub-Industry: Pharmaceutical Products
• Current Symbol: NASDAQ:IMCC
• CUSIP: N/A
• CIK: 1792030
• Web: www.imcannabis.com
• Phone: 972-54-433-1111
• Fax: N/A
• Employees: 340
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($3.4094)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-7,040,000.00
• Net Margins: -25.55%
• Pretax Margin: -29.52%
• Return on Equity: -129.86%
• Return on Assets: -23.63%

Debt

• Debt-to-Equity Ratio: 0.10
• Current Ratio: 0.70
• Quick Ratio: 0.59

Sales & Book Value

• Annual Sales: $36.15 million
• Price / Sales: 0.17
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.38 per share
• Price / Book: 2.01

Miscellaneous

• Outstanding Shares: 2,230,000
• Free Float: 2,100,000
• Market Cap: $6.18 million
• Optionable: Not Optionable
• Beta: 0.45