The price of IMAC Holdings Inc. (NASDAQ: BACK) closed at $0.16 in the last session, up 12.83% from day before closing price of $0.14. In other words, the price has increased by $+0.0204 from its previous closing price. On the day, 7787580 shares were traded. BACK stock price reached its highest trading level at $0.2047 during the session, while it also had its lowest trading level at $0.1506.
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Ratios:
We take a closer look at BACK’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 0.50. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BACK now has a Market Capitalization of 4.64M and an Enterprise Value of 6.63M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34 while its Price-to-Book (P/B) ratio in mrq is 5.33. Its current Enterprise Value per Revenue stands at 0.46 whereas that against EBITDA is -0.38.
Stock Price History:
Over the past 52 weeks, BACK has reached a high of $1.19, while it has fallen to a 52-week low of $0.10. The 50-Day Moving Average of the stock is 0.1532, while the 200-Day Moving Average is calculated to be 0.3089.
Shares Statistics:
According to the various share statistics, BACK traded on average about 2.49M shares per day over the past 3-months and 1.34M shares per day over the past 10 days. A total of 33.01M shares are outstanding, with a floating share count of 26.47M. Insiders hold about 1.80% of the company’s shares, while institutions hold 16.00% stake in the company. Shares short for BACK as of Apr 27, 2023 were 1.13M with a Short Ratio of 1.13M, compared to 76.17k on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.43% and a Short% of Float of 3.76%.
Earnings Estimates
The company has 1 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.05, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.05 and low estimates of -$0.05.
Analysts are recommending an EPS of between -$0.2 and -$0.2 for the fiscal current year, implying an average EPS of -$0.2. EPS for the following year is -$0.16, with 1 analysts recommending between -$0.16 and -$0.16.
Revenue Estimates
According to 1 analysts, the current quarter’s revenue is expected to be $2.8M. It ranges from a high estimate of $2.8M to a low estimate of $2.8M. As of the current estimate, IMAC Holdings Inc.’s year-ago sales were $5.03M, an estimated decrease of -44.40% from the year-ago figure.
A total of 1 analysts have provided revenue estimates for BACK’s current fiscal year. The highest revenue estimate was $11.3M, while the lowest revenue estimate was $11.3M, resulting in an average revenue estimate of $11.3M. In the same quarter a year ago, actual revenue was $16.19M, down -30.20% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $11.8M in the next fiscal year. The high estimate is $11.8M and the low estimate is $11.8M. The average revenue growth estimate for next year is up 4.40% from the average revenue estimate for this year.
