As of Friday close, IMAC Holdings Inc.’s (NASDAQ:BACK) stock traded at $0.12. The average number of shares traded per day over the past five days has been 1,454,220 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0065 gain in that time frame. In the last twenty days, the average volume was 912,955, while in the previous 50 days, it was 1,888,756.
Since last month, BACK stock retreated -7.08%. Shares of the company fell to $0.1020 on 07/27/23, the lowest level in the past month. A 52-week high of $1.05 was reached on 01/23/23 after having rallying from a 52-week low of $0.10. Since the beginning of this year, BACK’s stock price has dropped by -42.11% or -$0.0840, and marked a new high 12 times. However, the stock has declined by -89.00% since its 52-week high.
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Valuation Metrics
The stock’s beta is -0.02. Besides these, the trailing price-to-sales (P/S) ratio of 0.25, the price-to-book (PB) ratio of 3.85.
Financial Health
In the three months ended March 30, IMAC Holdings Inc.’s quick ratio stood at 0.50, while its current ratio was 0.50, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 90.90% percent. Based on annual data, BACK earned $34.47 million in gross profit and brought in $16.19 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -373.10%. Return on equity (ROE) for the past 12 months was -240.90%.
In IMAC Holdings Inc.’s quarter-end financial report for March 30, it reported total debt of $40000.0. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BACK’s revenue fell -86.12% to $3.47 million during the quarter, while net income inched up to $2.09 million. While analysts expected IMAC Holdings Inc. to report -$0.05 quarterly earnings, the actual figure was -$0.11 per share. During the quarter, the company generated -$3.51 million in EBITDA. The liabilities of IMAC Holdings Inc. were 4.85 million at the end of its most recent quarter ended March 30, and its total debt was $2.37 million. The value of shareholders’ equity is $33.02 million.
Technical Picture
This quick technical analysis looks at IMAC Holdings Inc.’s (BACK) price momentum. With a historical volatility rate of 54.06%, the RSI 9-day stood at 54.94% on 04 August.
With respect to its five-day moving average, the current IMAC Holdings Inc. price is up by +5.96% percent or $0.0065. At present, BACK shares trade -4.39% below its 20-day simple moving average and -24.01% percent below its 100-day simple moving average. However, the stock is currently trading approximately -27.81% below its SMA50 and -63.00% below its SMA200.
Stochastic coefficient K was 62.50% and Stochastic coefficient D was 63.61%, while ATR was 0.0107. Given the Stochastic reading of 62.21% for the 14-day period, the RSI (14) reading has been calculated as 50.38%.
Analyst Ratings
IMAC Holdings Inc. (BACK) has been rated Buy by analysts. According to 0 brokerage firms, BACK is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate IMAC Holdings Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $1.25, the current consensus forecast for the stock is $1.25 – $1.25. Based on these forecasts, analysts predict IMAC Holdings Inc. (BACK) will achieve an average price target of $1.25.
