The stock of IMAC Holdings Inc (NASDAQ: BACK) has increased by 5.61 when compared to last closing price of 3.30. Despite this, the company has experienced a -1.83% fall in its stock price over the last five trading sessions. InvestorPlace reported 2023-07-27 that Penny stocks are generally defined as securities that trade for less than $5 a share. These stocks can be volatile and unpredictable, leading many investors to avoid them.
Is It Worth Investing in IMAC Holdings Inc (NASDAQ: BACK) Right Now?
Additionally, the 36-month beta value for BACK is 0.24. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for BACK is 0.94M and currently, short sellers hold a 93.63% ratio of that float. The average trading volume of BACK on April 25, 2024 was 830.53K shares.
BACK’s Market Performance
BACK stock saw an increase of -1.83% in the past week, with a monthly gain of 44.01% and a quarterly increase of 64.39%. The volatility ratio for the week is 15.64%, and the volatility levels for the last 30 days are 19.46% for IMAC Holdings Inc (BACK). The simple moving average for the past 20 days is 14.21% for BACK’s stock, with a 53.39% simple moving average for the past 200 days.
BACK Trading at 60.94% from the 50-Day Moving Average
After a stumble in the market that brought BACK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.55% of loss for the given period.
Volatility was left at 19.46%, however, over the last 30 days, the volatility rate increased by 15.64%, as shares surge +45.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +83.42% upper at present.
During the last 5 trading sessions, BACK fell by -1.83%, which changed the moving average for the period of 200-days by -0.46% in comparison to the 20-day moving average, which settled at $3.11. In addition, IMAC Holdings Inc saw 57.69% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BACK
Current profitability levels for the company are sitting at:
- 2466848.0 for the present operating margin
- 2535363.5 for the gross margin
The net margin for IMAC Holdings Inc stands at 7203393.5. The total capital return value is set at 6.56. Equity return is now at value -237.34, with -131.01 for asset returns.
Currently, EBITDA for the company is -2.54 million with net debt to EBITDA at 0.05. When we switch over and look at the enterprise to sales, we see a ratio of -1890192.0. The receivables turnover for the company is -0.0for trailing twelve months and the total asset turnover is -0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.84.
Conclusion
In conclusion, IMAC Holdings Inc (BACK) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
