It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for IM Cannabis Corp. (IMCC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$0.0102, or +2.19%, to $0.475. Volume reached 13,725 shares, with price reaching a high of $0.483 and a low of $0.4451. Earlier, Yahoo Finance discussed this stock as it revealed IM Cannabis to Report Second Quarter 2022 Financial Results on Monday, August 15 at 9:00am ET.
IM Cannabis Corp. is listed on the NASDAQ in the Healthcare sector while operating in the Drug Manufacturers – Specialty & Generic industry. At the end of the last regular session, the stock closed at $0.46 and fluctuated between $0.4820 as its day high and $0.4210 as its day low. The current market capitalization of IM Cannabis Corp. is $45.45M. A total of 0.35 million shares were traded on the day, compared to an average of 145.24K shares.
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, IMCC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 6 SELLs from insiders. Insiders purchased 165,000 shares during that period but sold 50,000.
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for IMCC in the last 3 months, the mean price target is $5.00 with high estimates of $5.00 and low estimates of $5.00. In terms of 52-week highs and lows, IMCC has a high of $5.08 and a low of $0.39.
As of this writing, IMCC has an earnings estimate of $-0.03 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $-0.03 per share and a lower estimate of $-0.03. The company reported an EPS of $-0.13 in the last quarter, which was -550% lower than expectations of $-0.02.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 1 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IMCC is Buy with a score of 4.50. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.