IMAC Holdings Inc. [IMAC] shares are down more than -69.30% this year and recently increased 0.04% or $0.04 to settle at $0.96. IMAC has a short ratio of 0.64. This implies that the market is currently less bullish on the outlook for IMAC.

On 23, September 2020, IMAC Holdings, Inc. Partners with Safe Balance, LLC to Provide Services that Improve Balance for the Reduction of Fall Risk. According to news published on Yahoo Finance, IMAC Holdings, Inc. (Nasdaq: IMAC), a provider of innovative medical advancements and care specializing in regenerative rehabilitation orthopedic treatments without the use of surgery or opioids, today announced a partnership with Birmingham, Michigan-based Safe Balance, LLC to implement multi-factorial fall risk assessment services for individuals with balance deficiencies.

Analyst Birdseye View:

Before that, on April 15, 2020, Ascendiant Capital Markets Recapitulated a Buy rating and elevated its amount target to $4.50.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.42 and a peak of $4.95. Right now, the middling Wall Street analyst 12-month amount mark is $4.50. At the most recent market close, shares of IMAC Holdings Inc. [NASDAQ:IMAC] were valued at $0.96.

FUNDAMENTAL ANALYSIS

IMAC Holdings Inc. [NASDAQ:IMAC] most recently reported quarterly sales of 2.57 billion, which represented growth of -31.60%. This publicly-traded organization’s revenue is $114,591 per employee, while its income is -$49,221 per employee. This company’s Gross Margin is currently 86.50%, its Operating Margin is -45.10%, its Pretax Margin is -45.96, and its Net Margin is -42.95. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -41.26, -168.51, -70.12 and -93.16 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 45.55 and the whole liability to whole assets at 41.05. It shows enduring liability to the whole principal at 31.72 and enduring liability to assets at 0.29 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 0.8721 points at 1st support level, the second support level is making up to 0.7802. But as of 1st resistance point, this stock is sitting at 1.0429 and at 1.1218 for 2nd resistance point.

IMAC Holdings Inc. [IMAC] reported its earnings at -$0.19 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.15/share signifying the difference of -0.04 and -26.70% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were -$0.18 calling estimates for -$0.08/share with the difference of -0.1 depicting the surprise of -125.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for IMAC Holdings Inc. [NASDAQ:IMAC] is 0.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.06. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.77 and it’s amount to book ratio is 1.33.

Insider Stories

The most recent insider trade was by Ervin Jeffrey S, Chief Executive Officer, and it was the purchase of 5000.0 shares on Sep 10. Ervin Jeffrey S, the Chief Executive Officer, completed a purchase of 1000.0 shares on Apr 03. On Nov 19, Ervin Jeffrey S, Chief Executive Officer, completed a purchase of 600.0 shares.