Imax Corp (NYSE: IMAX) is -9.02% 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 $24.10 in the last trading session, with the day’s loss setting it -0.81%.
Currently trading at $23.29, the stock is -2.44% and -6.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.15 million and changing -3.36% at the moment leaves the stock 1.81% off its SMA200. IMAX registered 35.80% gain for a year compared to 6-month gain of 12.03%. The firm has a 50-day simple moving average (SMA 50) of $24.9886 and a 200-day simple moving average (SMA200) of $22.8755.
The stock witnessed a -14.25% loss in the last 1 month and extending the period to 3 months gives it a -1.98%, and is 6.98% 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 5.87% over the week and 5.56% over the month.
Imax Corp (IMAX) has around 700 employees, a market worth around $1.25B and $359.75M in sales. Current P/E ratio is 50.27 and Fwd P/E is 17.59. Profit margin for the company is 6.98%. Distance from 52-week low is 55.89% and -16.13% from its 52-week high. The company has generated returns on investments over the last 12 months (4.65%).
with sales reaching $92.7M over the same period.The EPS is expected to grow by 19.13% this year, but quarterly earnings will post 14.85% year-over-year. Quarterly sales are estimated to grow 4.21% in year-over-year returns.
263.0 institutions hold shares in Imax Corp (IMAX), with institutional investors hold 112.81% of the company’s shares. The shares outstanding are 53.74M, and float is at 42.19M with Short Float at 11.35%. Institutions hold 90.74% 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).
