Imac Holdings Stock Today

BACK Stock  USD 1.06  0.04  3.64%   

Performance

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Odds Of Distress

Over 85

 
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IMAC Holdings is selling for 1.06 as of the 4th of October 2024. This is a 3.64 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 1.06. IMAC Holdings has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for IMAC Holdings are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of September 2024 and ending today, the 4th of October 2024. Click here to learn more.
Business Domain
Health Care Equipment & Services
IPO Date
13th of February 2019
Category
Healthcare
Classification
Health Care
IMAC Holdings, Inc. owns, manages, and subleases a chain of innovative medical advancements and care regeneration centers in the United States. IMAC Holdings, Inc. was founded in 2000 and is headquartered in Brentwood, Tennessee. Imac Holdings operates under Medical Care Facilities classification in the United States and is traded on NASDAQ Exchange. The company has 1.72 M outstanding shares of which 18.14 K shares are currently shorted by private and institutional investors with about 0.18 trading days to cover. More on IMAC Holdings

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IMAC Stock Highlights

President DirectorMatthew Wallis
Old NameiShares US Equity Buyback Achievers UCITS ETF USD (Acc)
Business ConcentrationHealth Care Equipment & Supplies, Health Care Equipment & Services, Health Care, NASDAQ Composite, NASDAQ Health Care, Health Care, Health Care Equipment & Supplies, Medical Care Facilities, Healthcare (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover4.774.5424
Sufficiently Up
Slightly volatile
Gross Profit Margin0.690.9223
Way Down
Slightly volatile
Total Current Liabilities1.8 M1.9 M
Notably Down
Slightly volatile
Total Assets1.1 M1.1 M
Notably Down
Slightly volatile
Total Current Assets1.1 M1.1 M
Notably Down
Slightly volatile
IMAC Holdings can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand IMAC Holdings' financial leverage. It provides some insight into what part of IMAC Holdings' total assets is financed by creditors.
Liquidity
IMAC Holdings currently holds 1.9 M in liabilities with Debt to Equity (D/E) ratio of 0.35, which is about average as compared to similar companies. IMAC Holdings has a current ratio of 1.16, suggesting that it is in a questionable position to pay out its financial obligations when due. Note, when we think about IMAC Holdings' use of debt, we should always consider it together with its cash and equity.

Other Non Cash Items

1.12 Billion
IMAC Holdings (BACK) is traded on NASDAQ Exchange in USA. It is located in 1605 Westgate Circle, Brentwood, TN, United States, 37027 and employs 2 people. IMAC Holdings is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 1.89 M. IMAC Holdings conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 1.72 M outstanding shares of which 18.14 K shares are currently shorted by private and institutional investors with about 0.18 trading days to cover. IMAC Holdings currently holds about 1.61 M in cash with (2.79 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06.
Check IMAC Holdings Probability Of Bankruptcy
Ownership Allocation
IMAC Holdings owns 8.79 % of its outstanding shares held by insiders and 4.3 % owned by institutions.
Check IMAC Ownership Details

IMAC Stock Institutional Holders

InstituionRecorded OnShares
Kestra Advisory Services, Llc2024-06-30
44.4 K
Hrt Financial Llc2024-06-30
0.0
Walleye Trading Advisors, Llc2024-06-30
13.8 K
Advisor Group Holdings, Inc.2024-06-30
8.2 K
Ubs Group Ag2024-06-30
4.9 K
Tower Research Capital Llc2024-06-30
3.7 K
Newbridge Financial Services Group, Inc.2024-06-30
167
Morgan Stanley - Brokerage Accounts2024-06-30
167
Financial Perspectives Inc2024-06-30
20.0
Bank Of America Corp2024-06-30
8.0
Wells Fargo & Co2024-06-30
0.0
View IMAC Holdings Diagnostics

IMAC Holdings Historical Income Statement

At this time, IMAC Holdings' Total Revenue is quite stable compared to the past year. Gross Profit is expected to rise to about 8.6 M this year, although the value of Selling General Administrative will most likely fall to about 1.4 M. View More Fundamentals

IMAC Stock Against Markets

IMAC Holdings Corporate Management

Frank IIIDirector SalesProfile
Ben LernerChief OfficerProfile
Sandy MillerChief StaffProfile
Jeffrey MBAChairman CEOProfile

Additional Information and Resources on Investing in IMAC Stock

When determining whether IMAC Holdings is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if IMAC Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Imac Holdings Stock. Highlighted below are key reports to facilitate an investment decision about Imac Holdings Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in IMAC Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy IMAC Stock please use our How to buy in IMAC Stock guide.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of IMAC Holdings. If investors know IMAC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about IMAC Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(5.03)
Revenue Per Share
7.719
Quarterly Revenue Growth
(0.59)
Return On Assets
(0.38)
Return On Equity
(3.32)
The market value of IMAC Holdings is measured differently than its book value, which is the value of IMAC that is recorded on the company's balance sheet. Investors also form their own opinion of IMAC Holdings' value that differs from its market value or its book value, called intrinsic value, which is IMAC Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IMAC Holdings' market value can be influenced by many factors that don't directly affect IMAC Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IMAC Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if IMAC Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IMAC Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.