During the last session, IMAC Holdings Inc. (NASDAQ:IMAC)’s traded shares were 0.37 million. At the end of the trading day, the stock’s price was $0.83, reflecting an intraday gain of 3.76% or $0.03. The 52-week high for the IMAC share is $2.75, that puts it down -231.33 from that peak though still a striking 9.64% gain since the share price plummeted to a 52-week low of $0.75. The company’s market capitalization is $22.52M, and the average trade volume was 722.06K shares over the past three months.
IMAC Holdings Inc. (IMAC) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.70. IMAC has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.09.
IMAC Holdings Inc. (NASDAQ:IMAC) trade information
IMAC Holdings Inc. (IMAC) registered a 3.76% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.76% in intraday trading to $0.83 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is 3.76%, and it has moved by -6.70% in 30 days. Based on these gigs, the overall price performance for the year is -46.79%.
The consensus price target of analysts on Wall Street is $6.00, which implies an increase of 86.17% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.00 and $6.00 respectively. As a result, IMAC is trading at a discount of -622.89% off the target high and -622.89% off the low.
IMAC Holdings Inc. (IMAC) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -12.50% this quarter and then drop -28.60% in the quarter after that. In the rating firms’ projections, revenue will increase 41.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $5.2 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $5.2 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $3.47 million and $3.49 million respectively. In this case, analysts expect current quarter sales to grow by 50.00% and then jump by 49.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -54.80%. While earnings are projected to return 6.80% in 2022.
IMAC Holdings Inc. is due to release its next quarterly earnings between May 13 and May 16. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
IMAC Holdings Inc. (NASDAQ:IMAC)’s Major holders
IMAC Holdings Inc. insiders own 17.39% of total outstanding shares while institutional holders control 16.90%, with the float percentage being 20.46%. Nantahala Capital Management, LLC is the largest shareholder of the company, while 21 institutions own stock in it. As of Dec 30, 2021, the company held over 2.39 million shares (or 9.03% of all shares), a total value of $2.73 million in shares.
The next largest institutional holding, with 0.72 million shares, is of Advisor Group, Inc.’s that is approximately 2.73% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $0.82 million.
Also, the Mutual Funds coming in first place with the largest holdings of IMAC Holdings Inc. (IMAC) shares are Vanguard Total Stock Market Index Fund and Fidelity Extended Market Index Fund. Data provided on Dec 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 0.51 million shares. This amounts to just over 1.92 percent of the company’s overall shares, with a $0.58 million market value. The same data shows that the other fund manager holds slightly less at 0.12 million, or about 0.44% of the stock, which is worth about $0.12 million.