IMAC Holdings Inc (NASDAQ: BACK)’s stock price has dropped by -23.14 in relation to previous closing price of 5.10. Nevertheless, the company has seen a gain of 24.84% in its stock price over the last five trading days. 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?
The stock has a 36-month beta value of 0.06. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BACK is 0.94M, and at present, short sellers hold a 18.47% of that float. On April 29, 2024, the average trading volume of BACK was 967.62K shares.
BACK’s Market Performance
BACK stock saw an increase of 24.84% in the past week, with a monthly gain of 28.52% and a quarterly increase of 85.78%. The volatility ratio for the week is 35.33%, and the volatility levels for the last 30 days are 23.85% for IMAC Holdings Inc (BACK). The simple moving average for the past 20 days is 22.18% for BACK’s stock, with a 71.96% simple moving average for the past 200 days.
BACK Trading at 73.39% 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 -49.42% of loss for the given period.
Volatility was left at 23.85%, however, over the last 30 days, the volatility rate increased by 35.33%, as shares surge +28.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +107.41% upper at present.
During the last 5 trading sessions, BACK rose by +24.84%, which changed the moving average for the period of 200-days by +14.62% in comparison to the 20-day moving average, which settled at $3.25. In addition, IMAC Holdings Inc saw 77.38% 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 -2139951.5. 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
To sum up, IMAC Holdings Inc (BACK) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
