IMAC Holdings Inc (NASDAQ:BACK) shares, rose in value, with the stock price down by -23.14% to the previous day’s close as strong demand from buyers drove the stock to $3.92.
Actively observing the price movement in the last trading, the stock closed the session at $5.10. Referring to stock’s 52-week performance, its high was $7.75, and the low was $1.22. On the whole, BACK has fluctuated by 28.52% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BACK’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BACK currently trading nearly 22.18% and 73.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.69, while the 7-day volatility ratio is showing 35.33% which for the 30-day chart, stands at 23.85%. Furthermore, IMAC Holdings Inc (BACK)’s beta value is 0.06, and its average true range (ATR) is 0.85.
A comparison of IMAC Holdings Inc (BACK) with its peers suggests the former has fared considerably weaker in the market. BACK showed an intraday change of -23.14% in last session, and over the past year, it shrunk by -9.82%%.
Data on historical trading for IMAC Holdings Inc (NASDAQ:BACK) indicates that the trading volumes over the past 3 months, they’ve averaged 967.62K. According to company’s latest data on outstanding shares, there are 1.15 million shares outstanding.
Nearly 18.39% of IMAC Holdings Inc’s shares belong to company insiders and institutional investors own 5.76% of the company’s shares. The stock has risen by 77.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BACK stock heading into the next quarter.
