IM Cannabis Corp (IMCC) Is Another Fantastic Bargain Stock

IM Cannabis Corp (NASDAQ:IMCC) has a beta value of 0.97 and has seen 1.18 million shares traded in the recent trading session. The company, currently valued at $6.91M, closed the recent trade at $3.10 per share which meant it gained $0.66 on the day or 26.93% during that session. The IMCC stock price is -161.29% off its 52-week high price of $8.10 and 63.55% above the 52-week low of $1.13. If we look at the company’s 10-day average daily trading volume, we find that it stood at 24970.0 shares traded. The 3-month trading volume is 17.41K shares.

IM Cannabis Corp (NASDAQ:IMCC) trade information

Sporting 26.93% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the IMCC stock price touched $3.10 or saw a rise of 16.67%. Year-to-date, IM Cannabis Corp shares have moved 44.59%, while the 5-day performance has seen it change 11.81%. Over the past 30 days, the shares of IM Cannabis Corp (NASDAQ:IMCC) have changed 42.72%. Short interest in the company has seen 2967.0 shares shorted with days to cover at 0.23.

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IM Cannabis Corp (IMCC) estimates and forecasts

The company’s shares have lost -7.16% over the past 6 months, compared to 11.50% for the industry. Revenue growth from the last financial year stood is estimated to be 13.06%.

1 analysts offering their estimates for the company have set an average revenue estimate of 14.48M for the current quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -7.89% over the past 5 years.

IMCC Dividends

IM Cannabis Corp is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

IM Cannabis Corp (NASDAQ:IMCC)’s Major holders

Insiders own 46.99% of the company shares, while shares held by institutions stand at 6.13% with a share float percentage of 11.56%. Investors are also buoyed by the number of investors in a company, with IM Cannabis Corp having a total of 10.0 institutions that hold shares in the company.