Imax Corp (NYSE: IMAX) has a higher price-to-earnings ratio of 37.38x compared to its average ratio. IMAX has 36-month beta value of 1.20. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for IMAX is 42.57M, and currently, short sellers hold a 6.89% ratio of that float. The average trading volume of IMAX on April 19, 2024 was 820.24K shares.
IMAX) stock’s latest price update
The stock of Imax Corp (NYSE: IMAX) has increased by 0.23 when compared to last closing price of 17.07.Despite this, the company has seen a gain of 2.33% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-18 that Imax (IMAX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
IMAX’s Market Performance
Imax Corp (IMAX) has seen a 2.33% rise in stock performance for the week, with a 6.94% gain in the past month and a 20.75% surge in the past quarter. The volatility ratio for the week is 3.55%, and the volatility levels for the past 30 days are at 2.74% for IMAX.. The simple moving average for the past 20 days is 5.38% for IMAX’s stock, with a 1.28% simple moving average for the past 200 days.
Analysts’ Opinion of IMAX
Many brokerage firms have already submitted their reports for IMAX stocks, with Barrington Research repeating the rating for IMAX by listing it as a “Outperform.” The predicted price for IMAX in the upcoming period, according to Barrington Research is $24 based on the research report published on April 21, 2023 of the previous year 2023.
B. Riley Securities, on the other hand, stated in their research note that they expect to see IMAX reach a price target of $23, previously predicting the price at $20. The rating they have provided for IMAX stocks is “Buy” according to the report published on December 05th, 2022.
B. Riley Securities gave a rating of “Buy” to IMAX, setting the target price at $20 in the report published on October 12th of the previous year.
IMAX Trading at 7.49% 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 -21.59% of loss for the given period.
Volatility was left at 2.74%, however, over the last 30 days, the volatility rate increased by 3.55%, as shares surge +8.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.37% upper at present.
During the last 5 trading sessions, IMAX rose by +2.33%, which changed the moving average for the period of 200-days by -1.72% in comparison to the 20-day moving average, which settled at $16.30. In addition, Imax Corp saw 13.91% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IMAX starting from LISTER ROBERT D, who sale 25,000 shares at the price of $16.87 back on Mar 14 ’24. After this action, LISTER ROBERT D now owns 138,889 shares of Imax Corp, valued at $421,825 using the latest closing price.
PABLO CALAMERA, the CTO & EVP of Imax Corp, sale 3,516 shares at $18.98 during a trade that took place back on Jul 28 ’23, which means that PABLO CALAMERA is holding 30,813 shares at $66,734 based on the most recent closing price.
Stock Fundamentals for IMAX
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.57 for the gross margin
The net margin for Imax Corp stands at 0.07. The total capital return value is set at 0.09. Equity return is now at value 9.44, with 3.10 for asset returns.
Based on Imax Corp (IMAX), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 0.93. The interest coverage ratio of the stock is 7.71.
Currently, EBITDA for the company is 115.9 million with net debt to EBITDA at 1.91. When we switch over and look at the enterprise to sales, we see a ratio of 2.92. The receivables turnover for the company is 2.23for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
To put it simply, Imax Corp (IMAX) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
