In yesterday’s Wall Street session, IMAC Holdings Inc. (NASDAQ:BACK) shares traded at $0.38, down -2.26% from the previous session.
As of this writing, 1 analysts cover IMAC Holdings Inc. (NASDAQ:BACK). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $5.00, we find $5.00. Given the previous closing price of $0.39, this indicates a potential upside of 1182.05 percent. BACK stock price is now -6.39% away from the 50-day moving average and -53.15% away from the 200-day moving average. The market capitalization of the company currently stands at $10.00M.
There are 0 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $5.00 as their price target over the next twelve months.
Insiders disposed of 37,000 shares of company stock worth roughly $14060.0 over the past 1 year. A total of 3.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BACK stock. A new stake in IMAC Holdings Inc. shares was purchased by WARBERG ASSET MANAGEMENT LLC during the first quarter worth $17,000. STATE STREET CORP invested $15,000 in shares of BACK during the first quarter. In the first quarter, MILLENNIUM MANAGEMENT LLC acquired a new stake in IMAC Holdings Inc. valued at approximately $8,000. SHEAFF BROCK INVESTMENT ADVISORS, LLC acquired a new stake in BACK for approximately $7,000. MONETA GROUP INVESTMENT ADVISORS LLC purchased a new stake in BACK valued at around $5,000 in the second quarter. In total, there are 28 active investors with 16.70% ownership of the company’s stock.
Thursday morning saw IMAC Holdings Inc. (NASDAQ: BACK) opened at $0.3801. During the past 12 months, IMAC Holdings Inc. has had a low of $0.27 and a high of $1.49. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 1.20, and a quick ratio of 1.20. The fifty day moving average price for BACK is $0.4060 and a two-hundred day moving average price translates $0.8111 for the stock.
The latest earnings results from IMAC Holdings Inc. (NASDAQ: BACK) was released for Jun, 2022. According to the Medical Care Facilities Company, earnings per share came in at -$0.07, beating analysts’ expectations of -$0.08 by 0.01. This compares to -$0.10 EPS in the same period last year. The net profit margin was -68.90% and return on equity was -65.00% for BACK. The company reported revenue of $5.03 million for the quarter, compared to $3.47 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 45.21 percent. For the current quarter, analysts expect BACK to generate $4.7M in revenue.
IMAC Holdings Inc.(BACK) Company Profile
IMAC Holdings, Inc. owns, manages, and subleases a chain of innovative medical advancements and care regeneration centers in the United States. The company’s outpatient medical clinics provide regenerative, orthopedic, and minimally invasive procedures and therapies to patients with sports injuries, ligament and tendon damage, and other related soft tissue conditions, as well as back, knee, and joint pains. It also provides physical therapy and spinal decompression, and chiropractic manipulation. The company owns or manages 15 outpatient medical clinics in Kentucky, Missouri, Tennessee, Illinois, Louisiana, and Florida. IMAC Holdings, Inc. was founded in 2000 and is headquartered in Brentwood, Tennessee.