These Numbers Show Favorable Signs for Imax Corp (IMAX)

Imax Corp (NYSE: IMAX) is 1.98% higher on its value in year-to-date trading and has touched a low of $13.50 and a high of $21.82 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IMAX stock was last observed hovering at around $15.10 in the last trading session, with the day’s loss setting it -0.15% off its average median price target of $24.00 for the next 12 months. It is also 50.17% off the consensus price target high of $30.00 offered by 10 analysts, but current levels are 0.33% higher than the price target low of $15.00 for the same period.

Currently trading at $14.95, the stock is -6.25% and -12.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing -0.99% at the moment leaves the stock -17.93% off its SMA200. IMAX registered 7.63% gain for a year compared to 6-month loss of -13.73%. The firm has a 50-day simple moving average (SMA 50) of $2.48 and a 200-day simple moving average (SMA200) of $8.14.

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The stock witnessed a -8.79% gain in the last 1 month and extending the period to 3 months gives it a -22.74%, and is -6.33% down 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 3.28% over the week and 3.00% over the month.

Imax Corp (IMAX) has around 779 employees, a market worth around $816.42M and $386.87M in sales. Current P/E ratio is 32.61 and Fwd P/E is 17.67. Profit margin for the company is 6.57%. Distance from 52-week low is 10.74% and -31.48% from its 52-week high. The company has generated returns on investments over the last 12 months (4.81%).

Imax Corp (IMAX) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Imax Corp (IMAX) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 1.60, where 1 rate it as a Hold and 0 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Imax Corp is expected to release its quarterly report on 02/27/2024.The EPS is expected to grow by 1413.91% this year.

Imax Corp (IMAX) Top Institutional Holders

The shares outstanding are 54.15M, and float is at 44.53M with Short Float at 7.96%.

Imax Corp (IMAX) Insider Activity

The most recent transaction is an insider sale by PABLO CALAMERA,the company’sCTO & 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?

The company’s main competitors (and peers) include Warner Bros. Discovery Inc. Series A (WBD) that is trading 22.90% up over the past 12 months. Shutterstock Inc. (SSTK) that is -6.52% lower over the same period.