Imax Corp (IMAX) Review – Making Smarter Decisions

Imax Corp (NYSE: IMAX) is -6.72% lower on its value in year-to-date trading and has touched a low of $13.20 and a high of $21.82 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IMAX stock was last observed hovering at around $13.53 in the last trading session, with the day’s gains setting it 0.48%.

Currently trading at $14.01, the stock is -0.39% and -6.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 3.55% at the moment leaves the stock -20.01% off its SMA200. IMAX registered -20.40% loss for a year compared to 6-month loss of -26.03%. The firm has a 50-day simple moving average (SMA 50) of $2.35 and a 200-day simple moving average (SMA200) of $7.71.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

The stock witnessed a -3.78% gain in the last 1 month and extending the period to 3 months gives it a -21.11%, and is 1.89% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.15% over the week and 2.43% over the month.

Imax Corp (IMAX) has around 779 employees, a market worth around $765.09M and $386.87M in sales. Current P/E ratio is 30.56 and Fwd P/E is 17.48. Profit margin for the company is 6.57%. Distance from 52-week low is 6.14% and -35.79% from its 52-week high. The company has generated returns on investments over the last 12 months (4.81%).

Imax Corp quarterly earnings per share for the current quarter are estimated at $0.08 with sales reaching $90.66M over the same period.The EPS is expected to grow by 1330.34% this year, but quarterly earnings will post 26.10% year-over-year. Quarterly sales are estimated to shrink -7.50% in year-over-year returns.

220 institutions hold shares in Imax Corp (IMAX), with institutional investors hold 95.70% of the company’s shares. The shares outstanding are 54.15M, and float is at 44.46M with Short Float at 6.70%. Institutions hold 78.12% of the Float.

The top institutional shareholder in the company is Macquarie Group Limited with over 4.47 million shares valued at $76.0 million. The investor’s holdings represent 8.19% of the IMAX Shares outstanding. As of Jun 29, 2023, the second largest holder is Nantahala Capital Management, LLC with 2.94 million shares valued at $50.03 million to account for 5.39% of the shares outstanding. The other top investors are FMR, LLC which holds 2.82 million shares representing 5.16% and valued at over $47.85 million, while Invesco Ltd. holds 4.69% of the shares totaling 2.56 million with a market value of $43.5 million.

Imax Corp (IMAX) Insider Activity

The most recent transaction is an insider sale by PABLO CALAMERA, the company’s CTO & EVP. SEC filings show that PABLO CALAMERA sold 3,516 shares of the company’s common stock on Jul 28 at a price of $18.98 per share for a total of $66734.0. Following the sale, the insider now owns 30813.0 shares.

Imax Corp disclosed in a document filed with the SEC on May 01 that GELFOND RICHARD L (Chief Executive Officer) sold a total of 100,000 shares of the company’s common stock. The trade occurred on May 01 and was made at $20.95 per share for $2.09 million. Following the transaction, the insider now directly holds 0.39 million shares of the IMAX stock.

Still, SEC filings show that on May 01, Weissman Kenneth Ian (Deputy GC & Corp. Secretary) disposed off 10,000 shares at an average price of $21.12 for $0.21 million. The insider now directly holds 17,558 shares of Imax Corp (IMAX).

Imax Corp (IMAX): Who are the competitors?

One of the company’s main competitors (and peers) include Warner Bros. Discovery Inc. Series A (WBD) that is trading -30.87% down over the past 12 months.Shutterstock Inc. (SSTK) lies in the list of competitors of the Imax Corp and is -41.39% lower over the same period from IMAXWalt Disney Co. (DIS) is 2.30% up on the 1-year trading charts.