The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. IMAC Holdings Inc’s current trading price is -18.85% away from its 52-week high, while its distance from the 52-week low is 318.86%. The stock’s price range for this period has been between $1.22 and $6.28 The company’s shares, which are part of the Healthcare sector, had a trading volume of approximately 8.45 million for the day, a number notably higher than the average daily volume of 0.83 million over the last three months.
IMAC Holdings Inc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $6.28 on 04/25/24, while the lowest price for the same period was registered 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 145.19% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.86M and boasts a workforce of 4 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.15, with a change in price of +3.41. Similarly, IMAC Holdings Inc recorded 920,171 in trading volume during the last 100 days, posting a change of +201.78%.
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
IMAC Holdings Inc’s raw stochastic average for the past 50 days is presently 59.43%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 50.47%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 46.01% and 43.09%, respectively.
BACK Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price gain of 130.77% this year. Over the last six months, there has been a weaker performance of 160.20%. The price of BACK fallen by 112.50% during the last 30 days period. For the last 5-days stocks have improved 64.52%.
