IMAC Holdings Inc [BACK] stock is trading at $5.10, up 46.34%. 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 64.52% over the last week, with a monthly amount glided 112.50%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
IMAC Holdings Inc [BACK] stock has fluctuated between $1.22 and $6.28 over the past year. IMAC Holdings Inc [NASDAQ: BACK] shares were valued at $5.10 at the most recent close of the market.
Analyzing the BACK fundamentals
IMAC Holdings Inc [NASDAQ:BACK] reported sales of 8.47M for the trailing twelve months, which represents a drop of -58.64%. Gross Profit Margin for this corporation currently stands at 2535363.5% with Operating Profit Margin at 2466848.0%, Pretax Profit Margin comes in at 3237280.0%, and Net Profit Margin reading is 7203393.5%. To continue investigating profitability, this company’s Return on Assets is posted at -12.59, Equity is -63.07 and Total Capital is 6.56.
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 3.18 points at the first support level, and at 1.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.39, and for the 2nd resistance point, it is at 9.67.
IMAC Holdings Inc [BACK] reported earnings per share of -$1.31 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.73/share, meaning a difference of -$0.58 and a surprise factor of -79.50%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$2.63 per share as compared to estimates of -$0.6 per share, a difference of -$2.03 representing a surprise of -338.30%.
Ratios To Look Out For
For context, IMAC Holdings Inc’s Current Ratio is 0.84. In addition, the Quick Ratio stands at 0.84 and the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 0.69.
