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: $1.93 to $2.16
• 50-Day Range: $1.97 to $2.96
• 52-Week Range: $1.13 to $8.10
• Volume: 27,936 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

IM Cannabis Stock Analysis - 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.

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: 1.3 / 5
• Proj. Earnings Growth: Growing

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.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

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

• 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

0.26% 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

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

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

2 people have added IM Cannabis to their MarketBeat watchlist in the last 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 at the beginning of the year. Since then, IMCC shares have decreased by 8.0% and is now trading at $1.97.
View the best growth stocks for 2024 here.

How were IM Cannabis' earnings last quarter?

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

When did IM Cannabis' stock split?

IM Cannabis shares reverse split on the morning of 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.

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

• 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

• 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): ($3.8293)
• 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: -26.46%
• Pretax Margin: -29.61%
• Return on Equity: -97.26%
• Return on Assets: -25.27%

Debt

• Debt-to-Equity Ratio: 0.07
• Current Ratio: 0.69
• Quick Ratio: 0.52

Sales & Book Value

• Annual Sales: $36.15 million
• Price / Sales: 0.12
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $4.55 per share
• Price / Book: 0.43

Miscellaneous

• Outstanding Shares: 2,230,000
• Free Float: 2,100,000
• Market Cap: $4.39 million
• Optionable: Not Optionable
• Beta: 0.44