Im Cannabis Corp Stock Buy Hold or Sell Recommendation

IMCC Stock  USD 2.59  0.02  0.77%   
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Im Cannabis Corp is 'Strong Sell'. Macroaxis provides Im Cannabis buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding IMCC positions.
  
Check out Im Cannabis Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
In addition, we conduct extensive research on individual companies such as IMCC and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Im Cannabis Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Execute Im Cannabis Buy or Sell Advice

The IMCC recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Im Cannabis Corp. Macroaxis does not own or have any residual interests in Im Cannabis Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Im Cannabis' advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Im CannabisBuy Im Cannabis
Strong Sell

Market Performance

Very WeakDetails

Volatility

Very riskyDetails

Hype Condition

Over hypedDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

Very HighDetails

Economic Sensitivity

Moves slightly opposite to the marketDetails

Investor Sentiment

ImpartialDetails

Analyst Consensus

HoldDetails

Financial Strenth (F Score)

Very WeakDetails

Financial Leverage

Not RatedDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon Im Cannabis Corp has a Mean Deviation of 3.48, Standard Deviation of 4.83 and Variance of 23.3
We provide trade recommendation to complement the latest expert consensus on Im Cannabis Corp. Our dynamic recommendation engine utilizes a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available right now. To make sure Im Cannabis Corp is not overpriced, please check out all Im Cannabis Corp fundamentals, including its price to sales, cash per share, and the relationship between the shares owned by institutions and ebitda . Please also validate Im Cannabis number of shares shorted to confirm your buy or sell decision is consistent with all fundamental data available and that the company can sustain itself in the future.

Im Cannabis Trading Alerts and Improvement Suggestions

Im Cannabis Corp generated a negative expected return over the last 90 days
Im Cannabis Corp has high historical volatility and very poor performance
Im Cannabis Corp has a very high chance of going through financial distress in the upcoming years
The company reported the previous year's revenue of 48.8 M. Net Loss for the year was (10.23 M) with profit before overhead, payroll, taxes, and interest of 9.16 M.
Im Cannabis Corp currently holds about 5.86 M in cash with (8.07 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08.
Im Cannabis Corp has a very weak financial position based on the latest SEC disclosures
Roughly 47.0% of the company shares are held by company insiders
Latest headline from benzinga.com: Canopy Growth And Other Top Cannabis Companies To Report Earnings Will Results Get Pot Stocks On Track Following Post-Election Dip

Im Cannabis Returns Distribution Density

The distribution of Im Cannabis' historical returns is an attempt to chart the uncertainty of Im Cannabis' future price movements. The chart of the probability distribution of Im Cannabis daily returns describes the distribution of returns around its average expected value. We use Im Cannabis Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Im Cannabis returns is essential to provide solid investment advice for Im Cannabis.
Mean Return
-0.09
Value At Risk
-7.77
Potential Upside
6.73
Standard Deviation
4.83
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Im Cannabis historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

IMCC Stock Institutional Investors

Shares
Millennium Management Llc2024-06-30
0.0
Renaissance Technologies Corp2024-09-30
0.0
Virtu Financial Llc2024-06-30
0.0
Advisor Group Holdings, Inc.2024-06-30
0.0
Advisorshares Investments, Llc2024-09-30
103.5 K
Bank Of Montreal2024-06-30
85.5 K
Bmo Capital Markets Corp.2024-06-30
85.5 K
Citadel Advisors Llc2024-09-30
14 K
Royal Bank Of Canada2024-06-30
485
Group One Trading, Lp2024-06-30
16.0
Morgan Stanley - Brokerage Accounts2024-06-30
4.0
Note, although Im Cannabis' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Im Cannabis Cash Flow Accounts

201920202021202220232024 (projected)
Change In Cash6.3M(5.0M)5.0M(11.5M)(636K)(604.2K)
Free Cash Flow(7.5M)(10.6M)(39.0M)(14.2M)(8.7M)(8.2M)
Depreciation601K930K5.7M7.3M3.0M3.1M
Other Non Cash Items919K18.0M(18.5M)136.1M(2.9M)(2.7M)
Capital Expenditures1.5M2.7M4.6M1.6M581K992.0K
Net Income(7.4M)(28.7M)(18.5M)(191.3M)(10.2M)(10.7M)
End Period Cash Flow13.9M8.9M13.9M2.4M1.8M2.6M
Change To Inventory122K(958K)(13.3M)1.4M4.8M5.0M
Change To Netincome3.0M21.3M(11.5M)134.4M154.6M162.3M

Im Cannabis Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Im Cannabis or Biotechnology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Im Cannabis' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a IMCC stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over Dow Jones
-0.03
β
Beta against Dow Jones-0.61
σ
Overall volatility
4.88
Ir
Information ratio -0.05

Im Cannabis Volatility Alert

Im Cannabis Corp exhibits very low volatility with skewness of 0.76 and kurtosis of 2.93. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Im Cannabis' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Im Cannabis' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Im Cannabis Fundamentals Vs Peers

Comparing Im Cannabis' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Im Cannabis' direct or indirect competition across all of the common fundamentals between Im Cannabis and the related equities. This way, we can detect undervalued stocks with similar characteristics as Im Cannabis or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Im Cannabis' fundamental indicators could also be used in its relative valuation, which is a method of valuing Im Cannabis by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Im Cannabis to competition
FundamentalsIm CannabisPeer Average
Return On Equity-1.12-0.31
Return On Asset-0.17-0.14
Profit Margin(0.28) %(1.27) %
Operating Margin(0.20) %(5.51) %
Current Valuation18.05 M16.62 B
Shares Outstanding3.09 M571.82 M
Shares Owned By Insiders46.99 %10.09 %
Shares Owned By Institutions6.12 %39.21 %
Number Of Shares Shorted2.97 K4.71 M
Price To Book1.89 X9.51 X
Price To Sales0.17 X11.42 X
Revenue48.8 M9.43 B
Gross Profit9.16 M27.38 B
EBITDA(2.79 M)3.9 B
Net Income(10.23 M)570.98 M
Cash And Equivalents5.86 M2.7 B
Cash Per Share0.08 X5.01 X
Total Debt13.78 M5.32 B
Debt To Equity0.20 %48.70 %
Current Ratio1.18 X2.16 X
Book Value Per Share6.48 X1.93 K
Cash Flow From Operations(8.07 M)971.22 M
Short Ratio0.23 X4.00 X
Earnings Per Share(4.13) X3.12 X
Target Price8.22
Number Of Employees9518.84 K
Beta1.68-0.15
Market Capitalization8.25 M19.03 B
Total Asset48.81 M29.47 B
Retained Earnings(249.15 M)9.33 B
Working Capital(8.54 M)1.48 B
Net Asset48.81 M

Im Cannabis Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as IMCC . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Im Cannabis Buy or Sell Advice

When is the right time to buy or sell Im Cannabis Corp? Buying financial instruments such as IMCC Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Im Cannabis in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Small Cap ETFs
Small Cap ETFs Theme
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When determining whether Im Cannabis Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Im Cannabis' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Im Cannabis Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Im Cannabis Corp Stock:
Check out Im Cannabis Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Im Cannabis. If investors know IMCC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Im Cannabis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(4.13)
Revenue Per Share
22.335
Quarterly Revenue Growth
0.117
Return On Assets
(0.17)
Return On Equity
(1.12)
The market value of Im Cannabis Corp is measured differently than its book value, which is the value of IMCC that is recorded on the company's balance sheet. Investors also form their own opinion of Im Cannabis' value that differs from its market value or its book value, called intrinsic value, which is Im Cannabis' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Im Cannabis' market value can be influenced by many factors that don't directly affect Im Cannabis' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Im Cannabis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Im Cannabis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Im Cannabis' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.