Imax Corp (NYSE: IMAX) is -12.30% lower on its value in year-to-date trading and has touched a low of $14.94 and a high of $27.77 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 $21.77 in the last trading session, with the day’s gains setting it 0.68%.
Currently trading at $22.45, the stock is -8.83% and -10.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing 3.12% at the moment leaves the stock -1.30% off its SMA200. IMAX registered 33.08% gain for a year compared to 6-month gain of 7.98%. The firm has a 50-day simple moving average (SMA 50) of $25.1552 and a 200-day simple moving average (SMA200) of $22.74575.
The stock witnessed a -13.42% loss in the last 1 month and extending the period to 3 months gives it a 0.27%, and is 1.91% 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 4.33% over the week and 5.03% over the month.
Imax Corp (IMAX) has around 700 employees, a market worth around $1.19B and $352.21M in sales. Current P/E ratio is 46.55 and Fwd P/E is 16.85. Profit margin for the company is 7.40%. Distance from 52-week low is 50.27% and -19.16% from its 52-week high. The company has generated returns on investments over the last 12 months (4.84%).
with sales reaching $84.15M over the same period.The EPS is expected to grow by 21.47% this year, but quarterly earnings will post 15.46% year-over-year. Quarterly sales are estimated to grow 6.36% in year-over-year returns.
Imax Corp (IMAX) Top Institutional Holders
262.0 institutions hold shares in Imax Corp (IMAX), with institutional investors hold 111.89% of the company’s shares. The shares outstanding are 52.95M, and float is at 42.19M with Short Float at 11.35%. Institutions hold 90.00% 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 8.7781% 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 5.552 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.58 million shares representing 4.9002% 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 Demirian Eric A, the company’s Director. SEC filings show that Demirian Eric A sold 23,000 shares of the company’s common stock on Feb 24 ’25 at a price of $26.81 per share for a total of $0.62 million. Following the sale, the insider now owns 35007.0 shares.
Imax Corp disclosed in a document filed with the SEC on Dec 09 ’24 that Fernandes Natasha (Chief Financial Officer & EVP) sold a total of 2,957 shares of the company’s common stock. The trade occurred on Dec 09 ’24 and was made at $25.52 per share for $75448.0. Following the transaction, the insider now directly holds 14883.0 shares of the IMAX stock.
Still, SEC filings show that on Dec 09 ’24, Weissman Kenneth Ian (Deputy GC, Corp. Sec. & CCO) disposed off 6,309 shares at an average price of $25.51 for $0.16 million. The insider now directly holds 25,139 shares of Imax Corp (IMAX).
