Imax Corp (NYSE: IMAX) has a price-to-earnings ratio of 55.52x that is above its average ratio. Additionally, the 36-month beta value for IMAX is 1.25. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 4 rating it as “overweight,” 2 rating it as “hold,” and 1 rating it as “sell.”
The public float for IMAX is 42.20M and currently, short sellers hold a 12.01% ratio of that float. The average trading volume of IMAX on October 31, 2024 was 634.66K shares.
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IMAX) stock’s latest price update
The stock of Imax Corp (NYSE: IMAX) has increased by 3.24 when compared to last closing price of 21.00.Despite this, the company has seen a gain of 7.17% in its stock price over the last five trading days. zacks.com reported 2024-10-30 that Although the revenue and EPS for Imax (IMAX) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
IMAX’s Market Performance
Imax Corp (IMAX) has experienced a 7.17% rise in stock performance for the past week, with a 7.75% rise in the past month, and a 2.36% rise in the past quarter. The volatility ratio for the week is 2.73%, and the volatility levels for the past 30 days are at 3.21% for IMAX. The simple moving average for the past 20 days is 5.83% for IMAX’s stock, with a 22.79% simple moving average for the past 200 days.
Analysts’ Opinion of IMAX
Many brokerage firms have already submitted their reports for IMAX stocks, with Seaport Research Partners repeating the rating for IMAX by listing it as a “Buy.” The predicted price for IMAX in the upcoming period, according to Seaport Research Partners is $23 based on the research report published on July 24, 2024 of the current year 2024.
Barrington Research, on the other hand, stated in their research note that they expect to see IMAX reach a price target of $24, previously predicting the price at $22. The rating they have provided for IMAX stocks is “Outperform” according to the report published on April 21st, 2023.
B. Riley Securities gave a rating of “Buy” to IMAX, setting the target price at $23 in the report published on December 05th of the previous year.
IMAX Trading at 5.13% 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 -2.03% of loss for the given period.
Volatility was left at 3.21%, however, over the last 30 days, the volatility rate increased by 2.73%, as shares surge +5.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.27% upper at present.
During the last 5 trading sessions, IMAX rose by +7.17%, which changed the moving average for the period of 200-days by +53.32% in comparison to the 20-day moving average, which settled at $20.49. In addition, Imax Corp saw 44.34% 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:
- 0.11 for the present operating margin
- 0.53 for the gross margin
The net margin for Imax Corp stands at 0.07. The total capital return value is set at 0.07. Equity return is now at value 7.95, with 2.60 for asset returns.
Based on Imax Corp (IMAX), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.79. The interest coverage ratio of the stock is -8.37.
Currently, EBITDA for the company is 115.9 million with net debt to EBITDA at 1.5. When we switch over and look at the enterprise to sales, we see a ratio of 3.67. The receivables turnover for the company is 3.03for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.27.
Conclusion
In conclusion, Imax Corp (IMAX) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
