| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 12.8M | 14.7M | 5.2M | 8.7M | Total Revenue | 14.4M | 16.2M | 5.2M | 9.8M |
Ownership Breakdown
| Retail Investors86.91% | Insiders8.79% |
| Retail Investors | 86.91 | |
| Insiders | 8.79 | |
| Institutions | 4.3 |
Will IMAC Holdings (USA Stocks:BACK) turn things around in November?
 | By Gabriel Shpitalnik | Macroaxis Story |
IMAC Holdings, trading under the ticker BACK on NASDAQ, has recently experienced a pullback, presenting a potential buying opportunity for investors interested in the Health Care Equipment & Supplies sector. Despite reporting a net income loss of 14.9M from continuing operations, the company's strategic positioning within the Medical Care Facilities industry suggests room for growth. With a potential upside of 9.91%, this could be an opportune moment for investors to consider adding IMAC Holdings to their portfolios, especially as the market adjusts to recent fluctuations.
Main Ideas
IMAC Holdings is currently priced at $9.58 per share, which seems undervalued given its future prospects. With a Beta of -0.83, the stock offers potential diversification benefits, as it tends to move inversely to the market. This means that while the market rises, IMAC Holdings' returns might decrease, but at a slower pace. Conversely, in a bear market, it could outperform. The stock carries a risk level of 5.75%. For a deeper analysis, consider examining its value at risk, rate of daily change, and the interplay between total risk alpha and kurtosis to assess whether IMAC Holdings will maintain its current price trajectory.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 Michael Smolkin
Timing is everything, especially when it comes to investing. IMAC Holdings, trading under the ticker BACK on NASDAQ, has recently caught the attention of savvy investors due to a notable pullback in its stock price. This company, operating within the medical care facilities industry, presents a compelling case for potential buyers. Despite facing a loss in net interest income of 65.5K, the stock's current valuation and strategic positioning suggest a promising opportunity for those looking to capitalize on its potential upside. With analysts maintaining a strong buy consensus and a target price significantly higher than its current trading level, IMAC Holdings could be poised for a rebound, making it a stock worth watching closely. Currently, IMAC Holdings' capital expenditures relative to its operating cash flow remain steady compared to last year. However, Days Payables Outstanding is projected to increase to around 166 days, while the Price to Sales Ratio is expected to drop to 0.0007. Although some traders might be overthinking the healthcare equipment and supplies sector, it's worth taking a closer look at IMAC Holdings. In November, we will explore strategies for potentially transforming IMAC Holdings into a consistent growth stock. Additionally, I'll highlight key fundamental indicators that investors should keep an eye on during this period.The performance of IMAC Holdings in the marketplace will significantly impact your decision to invest in its stock. Revenue growth, profitability, competitive positioning, management quality, and industry trends can influence IMAC Holdings' stock prices. When investing in IMAC Holdings, there are several factors to consider and potential outcomes to expect. As a company performs well, its stock price may increase, allowing investors to benefit from price appreciation. However, IMAC Stock can experience significant price fluctuations due to market conditions, economic factors, industry trends, or company-specific news. This is why investing in stocks such as IMAC Holdings carries risks, including the potential for capital loss. Stock prices can decline, and investors may incur losses if they sell shares at a lower price than their initial investment.
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 important is IMAC Holdings's Liquidity
IMAC Holdings financial leverage refers to using borrowed capital as a funding source to finance IMAC Holdings ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. IMAC Holdings financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to IMAC Holdings' owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of IMAC Holdings' financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between IMAC Holdings's total debt and its cash.
IMAC 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 owns 8.79 % of its outstanding shares held by insiders and 4.3 % owned by institutions.
Buy low, sell high is a timeless strategy, and IMAC Holdings (NASDAQ: BACK) might just be offering that opportunity with its recent pullback.Despite facing challenges, including a net income loss of 14.9 million and a negative earnings per share of 5.03, the company's current valuation stands at 7.45 million, suggesting potential for recovery. With a market capitalization of 2.26 million and a debt to equity ratio of just 0.35%, IMAC Holdings appears to have a manageable financial structure. Investors might find this an intriguing moment to consider a position, especially with the Wall Street target price set at 8.25, indicating a significant upside from current levels..
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This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of IMAC Holdings. Please refer to our Terms of Use for any information regarding our disclosure principles.