Imax Corp (NYSE: IMAX)’s stock price has dropped by -6.26 in relation to previous closing price of 17.08. Nevertheless, the company has seen a loss of -8.20% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-26 that IMAX’s first-quarter 2024 results reflect the negative impacts of sluggish total revenues and box office performance, compounded by declining Greater China sales.
Is It Worth Investing in Imax Corp (NYSE: IMAX) Right Now?
The price-to-earnings ratio for Imax Corp (NYSE: IMAX) is 33.75x, which is above its average ratio. Moreover, the 36-month beta value for IMAX is 1.22. Analysts have varying opinions 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 42.30M and currently, short sellers hold a 6.71% of that float. On May 01, 2024, IMAX’s average trading volume was 911.56K shares.
IMAX’s Market Performance
The stock of Imax Corp (IMAX) has seen a -8.20% decrease in the past week, with a 1.07% rise in the past month, and a 14.77% gain in the past quarter. The volatility ratio for the week is 5.03%, and the volatility levels for the past 30 days are at 3.24% for IMAX. The simple moving average for the last 20 days is -4.50% for IMAX’s stock, with a simple moving average of -5.28% for the last 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 -2.54% 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 -25.36% of loss for the given period.
Volatility was left at 3.24%, however, over the last 30 days, the volatility rate increased by 5.03%, as shares surge +0.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.31% upper at present.
During the last 5 trading sessions, IMAX fell by -8.20%, which changed the moving average for the period of 200-days by -4.99% in comparison to the 20-day moving average, which settled at $16.77. In addition, Imax Corp saw 6.59% 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 PABLO CALAMERA, who sale 6,130 shares at the price of $17.05 back on Apr 26 ’24. After this action, PABLO CALAMERA now owns 42,269 shares of Imax Corp, valued at $104,528 using the latest closing price.
LISTER ROBERT D, the Chief Legal & Sr Exec VP of Imax Corp, sale 25,000 shares at $16.87 during a trade that took place back on Mar 14 ’24, which means that LISTER ROBERT D is holding 138,889 shares at $421,825 based on the most recent closing price.
Stock Fundamentals for IMAX
Current profitability levels for the company are sitting at:
- 0.15 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 10.01, with 3.18 for asset returns.
Based on Imax Corp (IMAX), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 1.16. The interest coverage ratio of the stock is 7.66.
Currently, EBITDA for the company is 115.9 million with net debt to EBITDA at 2.29. 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 2.13for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.27.
Conclusion
To wrap up, the performance of Imax Corp (IMAX) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
