Is IMAC (USA Stocks:BACK) outlook still optimistic?
 | By Aina Ster | Macroaxis Story |
IMAC Holdings (NASDAQ: BACK) is currently trading near its low price of 1.1, suggesting potential for a rebound if market conditions improve. However, with a Jensen Alpha of -0.36, the stock has underperformed relative to its benchmark, indicating caution for investors considering a technical entry.
Main Ideas
IMAC Holdings has received a "Strong Buy" rating from a single analyst. This assessment might be influenced by technical analysis, which examines price momentum, patterns, and trends using historical data. The goal is to gauge market sentiment and predict how investors perceive IMAC's future value. Let's delve into some elements of IMAC's technical analysis.Macroaxis uses a strict editorial review process to publish stories and blog posts. Our publishers support our company and may receive a small commission when the partner links or references are utilized. Commissions do not affect the opinions or evaluations of our editorial team. The information our editors and media partners deliver is confidential and licensed for your sole use as a Macroaxis user. We reserve all rights to the content of this article, and therefore copying or distributing this story in whole or in part is strictly prohibited.
Reviewed by Gabriel Shpitalnik
Buy low, sell high is a mantra that resonates with every investor, and IMAC Holdings, trading under the ticker BACK on NASDAQ, might just be at a juncture where this advice becomes relevant. Despite its recent struggles, including a net interest income loss of 65.5K and operating income loss of 6.4K, the stock's technical indicators suggest potential for a rebound. Currently hovering near its 52-week low of 1.04, the stock's price is well below both its 50-day and 200-day moving averages of 1.48 and 2.15, respectively. This gap might indicate an oversold condition, presenting a possible opportunity for those willing to take a calculated risk. With a naive expected forecast value of 1.26, there is a hint of optimism, albeit cautious, that IMAC Holdings could see a turnaround. However, investors should remain vigilant, considering the broader market dynamics and the company's financial health before making any moves. With many baby boomers showing less interest in the healthcare equipment and supplies sector, it's worth examining IMAC Holdings in light of current market trends. Recently, IMAC Holdings has been on a downward trajectory as institutional investors adopt a more cautious stance due to heightened sector volatility. Over the past few months, the company's performance has closely mirrored broader market movements. Additionally, conflicting fundamental indicators suggest potential long-term challenges for IMAC's institutional investors. Keep an eye on IMAC Holdings as they are set to release their earnings report tomorrow.
Using predictive technical analysis, we can analyze different prices and returns patterns and diagnose historical swings to determine the real value of IMAC Holdings. In general, sophisticated investors focus on analyzing IMAC Holdings stock price patterns and their correlations with different microeconomic environment and drivers. They apply predictive analytics to build IMAC Holdings's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of IMAC Holdings's intrinsic value. In addition to deriving basic predictive indicators for IMAC Holdings, many experienced traders also check how macroeconomic factors affect IMAC Holdings price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IMAC Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Watch out for price decline
Please consider monitoring IMAC Holdings on a daily basis if you are holding a position in it. IMAC Holdings is trading at a penny-stock level, and the possibility of delisting is much higher compared to other stocks. However, just because the stock is trading under one dollar, does not mean it will be marked for deletion. Most exchanges require public instruments, such as IMAC Holdings stock to be traded above the $1 level to remain listed. If IMAC Holdings stock price falls below $1 for 30 consecutive trading days, the exchange can delist it. Once the company reaches this point, they will be sent an initial price violation notice directly from an exchange.
How does IMAC Stands against Peers?
Analyzing IMAC Holdings competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to IMAC Holdings across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be. Check out IMAC Holdings Competition DetailsIMAC Holdings Gross Profit
IMAC Holdings Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing IMAC Holdings previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show IMAC Holdings Gross Profit growth over the last 10 years. Please check IMAC Holdings' gross profit and other fundamental indicators for more details.
Is IMAC Holdings valued adequately by the market?
IMAC Holdings has a beta of -0.3316. As returns on the market increase, IMAC Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding IMAC Holdings is expected to be smaller as well. The beta indicator helps investors understand whether IMAC Holdings moves in the same direction as the rest of the market, and how volatile (i.e., risky) it is compared to the market (i.e., selected benchmark). In other words, if IMAC deviates very little from the market, it does not add much risk to the portfolio, but it also doesn't increase the expected returns. The latest slide in stock price could raise concerns from institutional investors as the firm is trading at a share price of 1.12 on very low momentum in volume. The company executives have failed to build on market volatilities in September.However, diversifying your overall positions with IMAC Holdings may protect your principal portfolio during upcoming market swings. The stock standard deviation of daily returns for 90 days investing horizon is currently 5.77. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the IMAC Holdings partners. As the saying goes, "Every market has its ups and downs," and IMAC Holdings (NASDAQ: BACK) might just be gearing up for a comeback. With its stock hovering near its 52-week low of $1.04, there's potential for upward movement, especially considering the Wall Street target price is set at $8.25. Despite a daunting probability of bankruptcy at 96%, the company's low beta of 0.25 suggests it might not be as volatile as some might fear. While the firm grapples with significant losses, including a net income loss of 6.5 million, the relatively low debt-to-equity ratio of 0.35% could provide some stability as it navigates these turbulent waters. Investors should weigh these factors carefully when considering if IMAC Holdings is on the brink of a rebound..
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