Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. IMAC Holdings Inc’s current trading price is -73.16% away from its 52-week high, while its distance from the 52-week low is 134.06%. The stock’s price range over this period has fluctuated between $1.22 and $10.62. The company, operating within the financial sector, had a trading volume of approximately 28.45 million for the day, which was noticeably higher than the average daily share volume of 0.51 million over the last 3 months.
IMAC Holdings Inc ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $10.62 on 04/11/23, while the lowest value for the same period was recorded at $1.22 on 03/15/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
IMAC Holdings Inc (BACK) has experienced a quarterly rise of 85.06% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.25M and boasts a workforce of 85 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.7992, with a change in price of +1.2206. Similarly, IMAC Holdings Inc recorded 556,786 in trading volume during the last 100 days, posting a change of +64.95%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for BACK stands at 1.09. Similarly, the long-term debt-to-equity ratio is also 0.76.
BACK Stock Stochastic Average
Today, IMAC Holdings Inc’s raw stochastic average for the past 50 days stands at 69.14%, indicating a rise from the raw stochastic average of the last 20 days, which was 69.14%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 39.41% and 31.64% respectively.
BACK Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The index has shown a price gain of 28.95% this year. Over the last six months, there has been a weaker performance of 34.44%. The price of BACK fallen by 94.49% during the last 30 days period. For the last 5-days stocks have improved 120.92%.
