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 -27.90% away from its 52-week high, while its distance from the 52-week low is 272.86%. The stock’s price range over this period has fluctuated between $1.22 and $6.30. The company, operating within the financial sector, had a trading volume of approximately 0.95 million for the day, which was noticeably higher than the average daily share volume of 0.81 million over the last 3 months.
The market performance of IMAC Holdings Inc’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $6.30 on 04/18/23, while the lowest value for the same duration was $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 101.78% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.18M.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.02, with a change in price of +3.07. Similarly, IMAC Holdings Inc recorded 836,525 in trading volume during the last 100 days, posting a change of +208.84%.
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’s raw stochastic average for IMAC Holdings Inc over the last 50 days is 93.00%.This indicates a increase from the raw stochastic average of the past 20 days, which was 92.92%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 77.47% and 72.18%, respectively.
BACK Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Until today this year the stock’s price performance recorded an increase of 105.43%. However, over the last six months, the performance has been weaker by 137.70%. The price of BACK increased 251.94% over the last 30 days. And in the last five days, it has surged by 80.16%.
