IMAC Holdings Inc (BACK) Stock: Tracking the Weekly Performance

BLFR

The stock of IMAC Holdings Inc (BACK) has gone down by -6.94% for the week, with a -37.84% drop in the past month and a -36.11% drop in the past quarter. The volatility ratio for the week is 13.41%, and the volatility levels for the past 30 days are 15.88% for BACK. The simple moving average for the past 20 days is -27.77% for BACK’s stock, with a -27.92% simple moving average for the past 200 days.

Is It Worth Investing in IMAC Holdings Inc (NASDAQ: BACK) Right Now?

The 36-month beta value for BACK is also noteworthy at 0.25. 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.”

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The public float for BACK is 0.94M, and at present, short sellers hold a 18.32% of that float. The average trading volume of BACK on July 11, 2024 was 262.35K shares.

BACK) stock’s latest price update

IMAC Holdings Inc (NASDAQ: BACK)’s stock price has gone decline by -8.52 in comparison to its previous close of 1.76, however, the company has experienced a -6.94% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-05-24 that Faith Zaslavsky appointed as CEO to succeed Jeff Ervin FRANKLIN, Tenn., May 24, 2024 (GLOBE NEWSWIRE) — IMAC Holdings, Inc. (Nasdaq: BACK) (“IMAC”) today announced leadership transitions to the board of directors and executive team.

BACK Trading at -44.02% 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 -79.23% of loss for the given period.

Volatility was left at 15.88%, however, over the last 30 days, the volatility rate increased by 13.41%, as shares sank -35.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -58.93% lower at present.

During the last 5 trading sessions, BACK fell by -6.94%, which changed the moving average for the period of 200-days by -24.05% in comparison to the 20-day moving average, which settled at $2.1841. In addition, IMAC Holdings Inc saw -27.15% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for BACK

Current profitability levels for the company are sitting at:

  • 1.47 for the present operating margin
  • 3.37 for the gross margin

The net margin for IMAC Holdings Inc stands at 2.95. The total capital return value is set at 2.49. 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 0.01. When we switch over and look at the enterprise to sales, we see a ratio of -0.87. The receivables turnover for the company is -2.86for trailing twelve months and the total asset turnover is -2.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.42.

Conclusion

In summary, IMAC Holdings Inc (BACK) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.

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