Imax Corp (NYSE: IMAX) is 31.96% higher on its value in year-to-date trading and has touched a low of $13.20 and a high of $22.13 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 $20.49 in the last trading session, with the day’s loss setting it -0.67%.
Currently trading at $19.82, the stock is -3.08% and -3.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.59 million and changing -3.27% at the moment leaves the stock 15.88% off its SMA200. IMAX registered 4.65% gain for a year compared to 6-month gain of 23.41%. The firm has a 50-day simple moving average (SMA 50) of $20.5356 and a 200-day simple moving average (SMA200) of $17.1239.
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The stock witnessed a -8.24% loss in the last 1 month and extending the period to 3 months gives it a 18.68%, and is -2.08% 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 3.27% over the week and 3.18% over the month.
Imax Corp (IMAX) has around 697 employees, a market worth around $1.04B and $358.00M in sales. Current P/E ratio is 50.76 and Fwd P/E is 16.31. Profit margin for the company is 5.97%. Distance from 52-week low is 50.15% and -10.44% from its 52-week high. The company has generated returns on investments over the last 12 months (4.22%).
The EPS is expected to grow by 11.19% this year
227.0 institutions hold shares in Imax Corp (IMAX), with institutional investors hold 101.87% of the company’s shares. The shares outstanding are 53.26M, and float is at 42.20M with Short Float at 10.19%. Institutions hold 82.36% of the Float.
The top institutional shareholder in the company is MACQUARIE GROUP LTD with over 4.62 million shares valued at $77.48 million. The investor’s holdings represent 8.8002 of the IMAX Shares outstanding. As of 2024-06-30, the second largest holder is ORBIS ALLAN GRAY LTD with 2.92 million shares valued at $49.0 million to account for 5.566 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.58 million shares representing 4.9125 and valued at over $43.25 million, while INVESCO LTD. holds 3.7195 of the shares totaling 1.95 million with a market value of $32.75 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 6,130 shares of the company’s common stock on Apr 26 ’24 at a price of $17.05 per share for a total of $0.1 million. Following the sale, the insider now owns 42269.0 shares.
Imax Corp disclosed in a document filed with the SEC on Mar 14 ’24 that LISTER ROBERT D (Chief Legal & Sr Exec VP) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $16.87 per share for $0.42 million. Following the transaction, the insider now directly holds 0.14 million shares of the IMAX stock.
