IMAC Holdings Inc [NASDAQ: BACK] slipped around -0.06 points on Monday, while shares priced at $2.42 at the close of the session, down -2.42%. The company report on February 13, 2024 at 6:45 AM that Cingulate Appoints Jay Roberts, Bryan Lawrence, and Jeff Ervin to its Board of Directors.
Announcement Follows Recent Public Offering and Successful Capital Raising Activity.
Compared to the average trading volume of 1.21M shares, BACK reached a trading volume of 1551438 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about IMAC Holdings Inc [BACK]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BACK shares is $10.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BACK stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for IMAC Holdings Inc is set at 0.35, with the Price to Sales ratio for BACK stock in the period of the last 12 months amounting to 0.33.
How has BACK stock performed recently?
IMAC Holdings Inc [BACK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 63.51. With this latest performance, BACK shares gained by 65.75% in over the last four-week period, additionally plugging by 28.04% over the last 6 months – not to mention a drop of -52.83% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BACK stock in for the last two-week period is set at 69.69, with the RSI for the last a single of trading hit 75.79, and the three-weeks RSI is set at 64.45 for IMAC Holdings Inc [BACK]. The present Moving Average for the last 50 days of trading for this stock 1.78, while it was recorded at 1.77 for the last single week of trading, and 2.34 for the last 200 days.
IMAC Holdings Inc [BACK]: Deeper insight into the fundamentals
IMAC Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.84 and a Current Ratio set at 0.84.
Earnings analysis for IMAC Holdings Inc [BACK]
With the latest financial reports released by the company, IMAC Holdings Inc posted -6.9/share EPS, while the average EPS was predicted by analysts to be reported at -2.1/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -228.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BACK.
Insider trade positions for IMAC Holdings Inc [BACK]
The top three institutional holders of BACK stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in BACK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in BACK stock with ownership which is approximately 5.8325%.
