Imax Corp (NYSE: IMAX) is -9.41% lower on its value in year-to-date trading and has touched a low of $13.20 and a high of $26.84 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 $22.39 in the last trading session, with the day’s gains setting it 0.8%.
Currently trading at $23.19, the stock is -4.07% and -6.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing 3.57% at the moment leaves the stock 14.98% off its SMA200. IMAX registered 63.77% gain for a year compared to 6-month gain of 31.46%. The firm has a 50-day simple moving average (SMA 50) of $24.8242 and a 200-day simple moving average (SMA200) of $20.168.
The stock witnessed a -7.94% loss in the last 1 month and extending the period to 3 months gives it a 12.25%, and is 0.52% 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 2.56% over the week and 2.95% over the month.
Imax Corp (IMAX) has around 697 employees, a market worth around $1.22B and $345.55M in sales. Current P/E ratio is 53.74 and Fwd P/E is 18.22. Profit margin for the company is 6.74%. Distance from 52-week low is 75.68% and -13.60% from its 52-week high. The company has generated returns on investments over the last 12 months (4.39%).
with sales reaching $111.86M over the same period.The EPS is expected to grow by 14.46% this year, but quarterly earnings will post -0.80% year-over-year. Quarterly sales are estimated to grow 30.04% in year-over-year returns.
Imax Corp (IMAX) Top Institutional Holders
247.0 institutions hold shares in Imax Corp (IMAX), with institutional investors hold 108.93% of the company’s shares. The shares outstanding are 52.68M, and float is at 42.14M with Short Float at 11.10%. Institutions hold 87.91% 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 Fernandes Natasha, the company’s Chief Financial Officer & EVP. SEC filings show that Fernandes Natasha sold 2,957 shares of the company’s common stock on Dec 09 ’24 at a price of $25.52 per share for a total of $75448.0. Following the sale, the insider now owns 14883.0 shares.
Imax Corp disclosed in a document filed with the SEC on Dec 09 ’24 that Weissman Kenneth Ian (Deputy GC, Corp. Sec. & CCO) sold a total of 6,309 shares of the company’s common stock. The trade occurred on Dec 09 ’24 and was made at $25.51 per share for $0.16 million. Following the transaction, the insider now directly holds 25139.0 shares of the IMAX stock.
Still, SEC filings show that on Dec 09 ’24, WELTON MARK (President, IMAX Theatres) disposed off 39,432 shares at an average price of $25.51 for $1.01 million. The insider now directly holds 111,315 shares of Imax Corp (IMAX).
