Analysts who follow IM Cannabis Corp (IMCC) on average expect it to gain 221.74% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.
That average rating earns the stock an Analyst Ranking of 63, which means it ranks higher than 63 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
A company’s financial statements are a significant factor weighted by experts when analyzing a company’s health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What’s Happening With IM Cannabis Corp Stock Today?
IM Cannabis Corp (IMCC) stock is trading at $2.30 as of 11:07 AM on Friday, Jan 21, a loss of -$0.19, or -7.63% from the previous closing price of $2.49. The stock has traded between $2.20 and $2.47 so far today. Volume today is low. So far 250,001 shares have traded compared to average volume of 441,661 shares.