IMAC Holdings Inc (NASDAQ:BACK) does about 148.99K shares in volume on a normal day but saw 58709316 shares change hands in the recent trading day. The company now has a market cap of 2.48M USD. Its current market price is $1.22, marking an increase of 47.17% compared to the previous close of $0.83. The 52 week high reached by this stock is $7.75 whilst the lowest price level in 52 weeks is $0.47.
IMAC Holdings Inc (BACK) has a 20-day trading average at $1.2254 and the current price is -84.26% off the 52-week high compared with 159.57% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.1644 and its 200-day simple moving average is $1.8506. If we look at the stock’s price movements over the week, volatility stands at 45.47%, which decreases to 18.05% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 51.78 to suggest the stock is neutral.
The consensus objective for the share price is $8.25, suggesting that the stock has a potential upside of 85.21% over the period.
The current price level is -0.44%, 4.77%, and -34.07% away from its SMA20, SMA50, and SMA200 respectively, with the BACK price moving below the 50-day SMA on current market day. IMAC Holdings Inc (BACK) stock is down -10.29% over the week and 0.83% over the past month. Its price is -3.94% year-to-date and -41.35% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 85.21 percent from here.
Outstanding shares total 2.01M with insiders holding 8.80% of the shares and institutional holders owning 3.10% of the company’s common stock. The beta has a value of 0.22.
