IMAC stock: buy or sell?

IMAC stock price: $1.45 1.40% At close on April 6th, 2020

Updated on:
April 6th, 2020

2

After sliding a bloodcurdling -10.49% on Friday, IMAC closed today at $1.45 and stepped up a decent 1.40%. On Tuesday IMAC skyrocketed an exceptional 18.81%.

Should I buy IMAC stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Having a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, IMAC stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean IMAC will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is IMAC stock a buy?

Banks and financial institutions post stock ratings everyday. Unfortunately, we couldn't find any rating for IMAC stock for the last month.

IMAC stock analysis

Daily outlook

After sliding a bloodcurdling -10.49% on Friday, IMAC closed today at $1.45 and stepped up a decent 1.40%.

After sliding a bloodcurdling -10.49% on Friday, IMAC closed today at $1.45 and stepped up a decent 1.40%.

IMAC stock chart (daily)

Weekly outlook

After sliding a bloodcurdling -37.76% in a week last week, IMAC closed this week at $1.45 and appreciated a tiny 1.40%. Late March IMAC climbed a dazzling 76.65% in just one week.

Since price and SMA20w lines crossed up late March, IMAC climbed $0.99 (215.22%).

IMAC stock chart (weekly)

IMAC stock price history

IMAC stock went public on February 13th, 2019 with a price of $3.501. Since then, IMAC stock sliced a -58.60%, with a yearly average of -58.60%.

1: Adjusted price after possible price splits or reverse-splits.

IMAC stock historical price chart

IMAC stock reached all-time highs with a price of $7.21.

IMAC stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not detected any price target for IMAC stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

IMAC earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q3-n/an/an/a
2017-Q4-n/an/an/a
2018-Q2-n/an/an/a
2018-Q3-n/an/an/a
2018-Q4-n/an/an/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

IMAC ownership

When you are planning to invest in shares of a company, it's always worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For IMAC, 53.11% of all outstanding shares are owned by its staff.

In case of IMAC stock, 0.79% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for IMAC stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to IMAC:

IMAC
Market cap$12.4 M
Total shares8.6 M
Float shares3.7 M
  - Institutional holdings (%)0.8%
  - Insider holdings (%)53.1%
Shares in short selling0.0%

IMAC summary

Monday, April 6th, 2020
Open$1.35
Close$1.45
Day range$1.30 - $1.56
Previous close$1.43
Session gain1.40%
Average true range$0.81
50d mov avg$1.11
100d mov avg$1.41
200d mov avg$2.53
Daily pattern
Weekly pattern

IMAC performance

To better understand IMAC performance you must becnhmark its gains with other related stocks in same sector or industry. We picked as the bechmarking frame for IMAC stock.
Stock3m6m12m
IMAC -8.81%-49.30%-67.78%

IMAC competitors

Unfortunately, we could not find any public company that could be defined as IMAC competitor. This doesn't mean IMAC does not have any competitor in the market, it's just we could not detected it.