IMAC Holdings Inc. (NASDAQ: BACK) is -29.77% lower on its value in year-to-date trading and has touched a low of $0.10 and a high of $1.19 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BACK stock was last observed hovering at around $0.16 in the last trading session, with the day’s loss setting it -0.02% off its average median price target of $1.25 for the next 12 months. It is also 88.8% off the consensus price target high of $1.25 offered by 1 analysts, but current levels are 88.8% higher than the price target low of $1.25 for the same period.
Currently trading at $0.14, the stock is -9.55% and -8.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing -12.44% at the moment leaves the stock -54.63% off its SMA200. BACK registered -87.26% loss for a year compared to 6-month loss of -56.49%. The firm has a 50-day simple moving average (SMA 50) of $0.46 and a 200-day simple moving average (SMA200) of -$0.38.
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The stock witnessed a 1.52% gain in the last 1 month and extending the period to 3 months gives it a -34.84%, and is -9.61% down 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 16.61% over the week and 14.22% over the month.
IMAC Holdings Inc. (BACK) has around 85 employees, a market worth around $4.80M and $16.20M in sales. Distance from 52-week low is 40.10% and -88.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-373.10%).
IMAC Holdings Inc. (BACK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for IMAC Holdings Inc. (BACK) is a “Buy”. 1 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”. 1 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 08/18/2023.The EPS is expected to shrink by -38.60% this year
IMAC Holdings Inc. (BACK) Top Institutional Holders
The shares outstanding are 33.01M, and float is at 26.47M with Short Float at 4.27%.
IMAC Holdings Inc. (BACK) Insider Activity
A total of 0 insider transactions have happened at IMAC Holdings Inc. (BACK) in the last six months, with sales accounting for 0 and purchases happening 0 times.
