IMAC Holdings Inc (NASDAQ: BACK) is -52.64% lower on its value in year-to-date trading and has touched a low of $0.47 and a high of $7.75 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 $0.56 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $0.60, the stock is -1.43% and -29.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 7.39% at the moment leaves the stock -57.06% off its SMA200. BACK registered -57.94% loss for a year compared to 6-month loss of -62.87%. The firm has a 50-day simple moving average (SMA 50) of $0.84898 and a 200-day simple moving average (SMA200) of $1.40078.
The stock witnessed a 12.43% gain in the last 1 month and extending the period to 3 months gives it a -49.88%, and is 7.41% 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 7.96% over the week and 9.58% over the month.
Distance from 52-week low is 27.98% and -92.24% from its 52-week high.
10.0 institutions hold shares in IMAC Holdings Inc (BACK), with institutional investors hold 1.51% of the company’s shares. The shares outstanding are 3.37M, and float is at 3.16M with Short Float at 4.28%. Institutions hold 1.46% of the Float.
