In yesterday’s Wall Street session, IMAC Holdings Inc. (NASDAQ:BACK) shares traded at $0.10, up 3.90% 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 $1.15 and a low of $1.15, we find $1.15. Given the previous closing price of $0.10, this indicates a potential upside of 1050.0 percent. BACK stock price is now -9.20% away from the 50-day moving average and -47.14% away from the 200-day moving average. The market capitalization of the company currently stands at $3.56M.
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 $1.15 as their price target over the next twelve months.
Insiders disposed of 37,000 shares of company stock worth roughly $3700.0 over the past 1 year. A total of 1.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BACK stock. In total, there are 27 active investors with 16.00% ownership of the company’s stock.
Thursday morning saw IMAC Holdings Inc. (NASDAQ: BACK) opened at $0.0920. During the past 12 months, IMAC Holdings Inc. has had a low of $0.09 and a high of $0.54. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 0.50, and a quick ratio of 0.50. The fifty day moving average price for BACK is $0.1142 and a two-hundred day moving average price translates $0.1953 for the stock.
The latest earnings results from IMAC Holdings Inc. (NASDAQ: BACK) was released for Jun, 2023. According to the Medical Care Facilities Company, earnings per share came in at -$0.04, missing analysts’ expectations of -$0.03 by -0.01. This compares to -$0.07 EPS in the same period last year. The company reported revenue of $1.34 million for the quarter, compared to $5.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -73.3 percent. For the current quarter, analysts expect BACK to generate $1.3M in revenue.
IMAC Holdings Inc.(BACK) Company Profile
IMAC Holdings, Inc. owns and manages innovative medical advancements and care regeneration centers, and backspace clinics 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 medical treatments, regenerative, spinal decompression, chiropractic manipulation, and physical medicine and therapy. IMAC Holdings, Inc. was founded in 2000 and is headquartered in Brentwood, Tennessee.
