IMAC Holdings Inc. (NASDAQ: IMAC) is 20.92% higher on its value in year-to-date trading and has touched a low of $0.42 and a high of $4.95 in the current 52-week trading range. The IMAC stock was last observed hovering at around $1.85 in the last trading session, with the day’s gains setting it 0.02% off its average median price target of $3.75 for the next 12 months. It is also 60.63% off the consensus price target high of $4.75 offered by 2 analysts, but current levels are 32.0% higher than the price target low of $2.75 for the same period.
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Currently trading at $1.87, the stock is 36.92% and 61.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing 0.98% at the moment leaves the stock 51.11% off its SMA200. IMAC registered 26.71% gain for a year compared to 6-month loss of 41.22%. The firm has a 50-day simple moving average (SMA 50) of $1.2508 and a 200-day simple moving average (SMA200) of $1.0746.
The stock witnessed a 79.61% gain in the last 1 month and extending the period to 3 months gives it a 100.13%, and is 18.59% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.85% over the week and 12.58% over the month.
IMAC Holdings Inc. (IMAC) has around 108 employees, a market worth around $22.42M and $13.60M in sales. Profit margin for the company is -48.80%. Distance from 52-week low is 344.79% and -62.26% from its 52-week high. The company has generated returns on investments over the last 12 months (-45.20%).
IMAC Holdings Inc. (IMAC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for IMAC Holdings Inc. (IMAC) is a “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
IMAC Holdings Inc. is expected to release its quarterly report on 05/20/2021 and quarterly earnings per share for the current quarter are estimated at -$0.11 with sales reaching $3.74M over the same period.The EPS is expected to shrink by -80.60% this year, but quarterly earnings will post -13.20% year-over-year. Quarterly sales are estimated to shrink -11.90% in year-over-year returns.
IMAC Holdings Inc. (IMAC) Top Institutional Holders
12 institutions hold shares in IMAC Holdings Inc. (IMAC), with 4.63M shares held by insiders accounting for 39.08% while institutional investors hold 5.62% of the company’s shares. The shares outstanding are 11.84M, and float is at 7.21M with Short Float at 2.29%. Institutions hold 3.42% of the Float.
The top institutional shareholder in the company is Renaissance Technologies, LLC with over 55100.0 shares valued at $42862.0. The investor’s holdings represent 0.47% of the IMAC Shares outstanding. As of Sep 29, 2020, the second largest holder is Virtu Financial LLC with 26565.0 shares valued at $20664.0 to account for 0.22% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 22771.0 shares representing 0.19% and valued at over $17713.0, while Citadel Advisors LLC holds 0.17% of the shares totaling 19668.0 with a market value of $15299.0.
IMAC Holdings Inc. (IMAC) Insider Activity
A total of 2 insider transactions have happened at IMAC Holdings Inc. (IMAC) in the last six months, with sales accounting for 0 and purchases happening 2 times. The most recent transaction is an insider purchase by Ervin Jeffrey S, the company’s Chief Executive Officer. SEC filings show that Ervin Jeffrey S bought 5,000 shares of the company’s common stock on Sep 10 at a price of $0.78 per share for a total of $3906.0. Following the purchase, the insider now owns 0.3 million shares.
IMAC Holdings Inc. disclosed in a document filed with the SEC on Apr 03 that Ervin Jeffrey S (Chief Executive Officer) bought a total of 1,000 shares of the company’s common stock. The trade occurred on Apr 03 and was made at $1.45 per share for $1450.0. Following the transaction, the insider now directly holds 0.26 million shares of the IMAC stock.