IMAC Holdings Inc [NASDAQ: BACK] stock went on an upward path that rose over 47.17% on Tuesday, amounting to a one-week price decrease of less than -10.29%.
Over the last 12 months, BACK stock dropped by -41.35%. The one-year IMAC Holdings Inc stock forecast points to a potential upside of 85.21. The average equity rating for BACK stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.47 million, with 2.01 million shares outstanding and 1.91 million shares in the current float. Compared to the average trading volume of 148.99K shares, BACK stock reached a trading volume of 58709316 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $8.25 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.
BACK Stock Performance Analysis:
IMAC Holdings Inc [BACK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.29. With this latest performance, BACK shares gained by 0.83% in over the last four-week period, additionally sinking by -29.88% over the last 6 months – not to mention a drop of -41.35% 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 51.78, with the RSI for the last a single of trading hit 53.52, and the three-weeks RSI is set at 51.09 for IMAC Holdings Inc [BACK]. The present Moving Average for the last 50 days of trading for this stock 1.1644, while it was recorded at 0.9818 for the last single week of trading, and 1.8506 for the last 200 days.
Insight into IMAC Holdings Inc Fundamentals:
IMAC Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.08 and a Current Ratio set at 0.08.
IMAC Holdings Inc [BACK] Institutonal Ownership Details
There are presently around $3.10%, or 3.40%% of BACK stock, in the hands of institutional investors.
