A share price of IMAC Holdings Inc [BACK] is currently trading at $2.48, up 92.25%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BACK shares have gain 92.25% over the last week, with a monthly amount glided 69.25%, and seem to be holding up well over a long-time horizon.
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On 13, February 2024, Cingulate Appoints Jay Roberts, Bryan Lawrence, and Jeff Ervin to its Board of Directors. In a post published today on Yahoo Finance, Announcement Follows Recent Public Offering and Successful Capital Raising Activity.
From an analyst’s perspective:
IMAC Holdings Inc experienced fluctuations in its stock price throughout the past year between $1.22 and $10.62. IMAC Holdings Inc [NASDAQ: BACK] shares were valued at $2.48 at the most recent close of the market.
Analyzing the BACK fundamentals
Trailing Twelve Months sales for IMAC Holdings Inc [NASDAQ:BACK] were 8.47M which represents -58.64% decline. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at -1.06%, Pretax Profit Margin comes in at -1.76%, and Net Profit Margin reading is -2.88%. To continue investigating profitability, this company’s Return on Assets is posted at -5.73, Equity is -15.46 and Total Capital is -5.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.09.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.26 points at the first support level, and at 0.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.82, and for the 2nd resistance point, it is at 5.16.
IMAC Holdings Inc [BACK] reported earnings per share of -$2.63 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.6/share, meaning a difference of $-2.03 and a surprise factor of -338.30%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$1.2 per share as compared to estimates of -$0.9 per share, a difference of $-0.3 representing a surprise of -33.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for IMAC Holdings Inc [NASDAQ:BACK] is 0.84. In addition, the Quick Ratio stands at 0.84 and the Cash Ratio stands at 0.09. Considering the valuation of this stock, the price to sales ratio is 0.33.
