Imac Holdings ( (BACK) ) has released a notification of late filing.
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IMAC Holdings, Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The delay is primarily due to an error discovered in the accounting for preferred dividends in its prior 2024 financial statements. This internal issue has prompted the company to reassess and amend its previous filings. IMAC Holdings anticipates filing the delayed report within five days of the original due date. The company does not expect any significant changes in its financial results from the previous year. IMAC Holdings is committed to resolving the issue promptly, as indicated by the notification signed by Sheri Gardzina, the Chief Financial Officer.
The most recent analyst rating on (BACK) stock is a Buy with a $8.25 price target. To see the full list of analyst forecasts on Imac Holdings stock, see the BACK Stock Forecast page.
Spark’s Take on BACK Stock
According to Spark, TipRanks’ AI Analyst, BACK is a Underperform.
IMAC Holdings has a low overall stock score due to significant financial challenges, negative valuation metrics, and technical indicators suggesting weak momentum. The risk of Nasdaq delisting further exacerbates the company’s precarious position. The lack of earnings call data limits further insights into potential strategic actions or improvements.
To see Spark’s full report on BACK stock, click here.
More about Imac Holdings
Average Trading Volume: 228,869
Technical Sentiment Signal: Sell
Current Market Cap: $138.5K
For a thorough assessment of BACK stock, go to TipRanks’ Stock Analysis page.