IMAX Corporation (NYSE:IMAX) went up by 8.40% from its latest closing price compared to the recent 1-year high of $25.05. The company’s stock price has collected 9.26% of gains in the last five trading sessions. Press Release reported on 09/09/21 that IMAX Corporation to Present at the Bank of America Securities 2021 Media, Communications and Entertainment Conference
Is It Worth Investing in IMAX Corporation (NYSE :IMAX) Right Now?
Plus, the 36-month beta value for IMAX is at 1.76. Opinions of the stock are interesting as 7 analysts out of 10 who provided ratings for IMAX Corporation declared the stock was a “buy,” while 1 rated the stock as “overweight,” 1 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $22.86, which is $6.88 above the current price. IMAX currently public float of 49.41M and currently shorts hold a 7.16% ratio of that float. Today, the average trading volume of IMAX was 669.09K shares.
IMAX’s Market Performance
IMAX stocks went up by 9.26% for the week, with a monthly jump of 13.74% and a quarterly performance of -25.48%, while its annual performance rate touched 23.63%. The volatility ratio for the week stands at 4.49% while the volatility levels for the past 30 days are set at 4.01% for IMAX Corporation. The simple moving average for the period of the last 20 days is 9.97% for IMAX stocks with a simple moving average of -12.47% for the last 200 days.
Analysts’ Opinion of IMAX
Many brokerage firms have already submitted their reports for IMAX stocks, with JP Morgan repeating the rating for IMAX by listing it as a “Neutral.” The predicted price for IMAX in the upcoming period, according to JP Morgan is $20 based on the research report published on July 28th of the current year 2021.
Goldman, on the other hand, stated in their research note that they expect to see IMAX reach a price target of $18.60, previously predicting the price at $19.60. The rating they have provided for IMAX stocks is “Sell” according to the report published on June 02nd, 2021.
The Benchmark Company gave a rating of “Buy” to IMAX, setting the target price at $25 in the report published on May 24th of the current year.
IMAX Trading at 1.60% from the 50-Day Moving Average
After a stumble in the market that brought IMAX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.57% of loss for the given period.
Volatility was left at 4.01%, however, over the last 30 days, the volatility rate increased by 4.49%, as shares surge +13.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.67% lower at present.
During the last 5 trading sessions, IMAX rose by +9.26%, which changed the moving average for the period of 200-days by +6.33% in comparison to the 20-day moving average, which settled at $15.23. In addition, IMAX Corporation saw -7.66% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at IMAX starting from Colligan Megan, who sale 10,916 shares at the price of $23.29 back on Jun 08. After this action, Colligan Megan now owns 28,180 shares of IMAX Corporation, valued at $254,234 using the latest closing price.
Weissman Kenneth Ian, the Sr VP & Corporate Secretary of IMAX Corporation, sale 2,500 shares at $22.00 during a trade that took place back on May 26, which means that Weissman Kenneth Ian is holding 10,233 shares at $55,000 based on the most recent closing price.
Stock Fundamentals for IMAX
Current profitability levels for the company are sitting at:
- -83.93 for the present operating margin
- +13.10 for the gross margin
The net margin for IMAX Corporation stands at -104.94. The total capital return value is set at -15.68, while invested capital returns managed to touch -22.87. Equity return is now at value -24.90, with -9.70 for asset returns.
Based on IMAX Corporation (IMAX), the company’s capital structure generated 83.61 points at debt to equity in total, while total debt to capital is 45.54. Total debt to assets is 32.30, with long-term debt to equity ratio resting at 79.30. Finally, the long-term debt to capital ratio is 43.19.
When we switch over and look at the enterprise to sales, we see a ratio of 8.41, with the company’s debt to enterprise value settled at 0.28. The receivables turnover for the company is 1.25 and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.20.