Imax Corp (NYSE: IMAX) is 73.30% higher on its value in year-to-date trading and has touched a low of $13.20 and a high of $25.78 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 $25.24 in the last trading session, with the day’s gains setting it 0.79%.
Currently trading at $26.03, the stock is 5.53% and 17.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing 3.13% at the moment leaves the stock 39.03% off its SMA200. IMAX registered 61.58% gain for a year compared to 6-month gain of 56.52%. The firm has a 50-day simple moving average (SMA 50) of $22.0744 and a 200-day simple moving average (SMA200) of $18.72285.
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The stock witnessed a 23.95% loss in the last 1 month and extending the period to 3 months gives it a 24.25%, and is 5.09% 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 2.67% over the week and 3.15% over the month.
Imax Corp (IMAX) has around 697 employees, a market worth around $1.41B and $345.55M in sales. Current P/E ratio is 60.32 and Fwd P/E is 20.42. Profit margin for the company is 6.74%. Distance from 52-week low is 97.20% and 0.97% from its 52-week high. The company has generated returns on investments over the last 12 months (4.39%).
The EPS is expected to grow by 17.54% this year
244.0 institutions hold shares in Imax Corp (IMAX), with institutional investors hold 108.44% of the company’s shares. The shares outstanding are 53.26M, and float is at 42.20M with Short Float at 11.25%. Institutions hold 87.68% 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
Imax Corp disclosed in a document filed with the SEC on Apr 26 ’24 that PABLO CALAMERA (CTO & EVP) sold a total of 6,130 shares of the company’s common stock. The trade occurred on Apr 26 ’24 and was made at $17.05 per share for $0.1 million. Following the transaction, the insider now directly holds 42269.0 shares of the IMAX stock.
Still, SEC filings show that on Mar 14 ’24, LISTER ROBERT D (Chief Legal & Sr Exec VP) disposed off 25,000 shares at an average price of $16.87 for $0.42 million. The insider now directly holds 138,889 shares of Imax Corp (IMAX).
