Imax Corp (NYSE: IMAX) has a higher price-to-earnings ratio of 57.29x compared to its average ratio, The 36-month beta value for IMAX is at 1.22. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 4 rating it as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for IMAX is 42.20M, and currently, shorts hold a 12.01% of that float. The average trading volume for IMAX on November 08, 2024 was 635.83K shares.
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IMAX) stock’s latest price update
The stock of Imax Corp (NYSE: IMAX) has decreased by -0.04 when compared to last closing price of 24.73.Despite this, the company has seen a gain of 1.73% in its stock price over the last five trading days. benzinga.com reported 2024-11-07 that JPMorgan has unveiled his latest picks for short positions, flagging three stocks — IMAX Corp IMAX, ZIM Integrated Shipping Services Ltd ZIM, and H.B. Fuller Company FUL— as potential downside plays.
IMAX’s Market Performance
IMAX’s stock has risen by 1.73% in the past week, with a monthly rise of 27.75% and a quarterly rise of 23.85%. The volatility ratio for the week is 2.96% while the volatility levels for the last 30 days are 3.53% for Imax Corp The simple moving average for the last 20 days is 12.87% for IMAX’s stock, with a simple moving average of 37.63% for the last 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 17.73% 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 -2.22% of loss for the given period.
Volatility was left at 3.53%, however, over the last 30 days, the volatility rate increased by 2.96%, as shares surge +22.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.36% upper at present.
During the last 5 trading sessions, IMAX rose by +1.73%, which changed the moving average for the period of 200-days by +75.44% in comparison to the 20-day moving average, which settled at $21.90. In addition, Imax Corp saw 64.58% 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 ELIZABETH DOROTHA GITAJN, who proposed sale 779 shares at the price of $23.96 back on Nov 01 ’24. After this action, ELIZABETH DOROTHA GITAJN now owns shares of Imax Corp, valued at $18,667 using the latest closing price.
PABLO CALAMERA, the CTO & EVP of Imax Corp, sale 6,130 shares at $17.05 during a trade that took place back on Apr 26 ’24, which means that PABLO CALAMERA is holding 42,269 shares at $104,528 based on the most recent closing price.
Stock Fundamentals for IMAX
Current profitability levels for the company are sitting at:
- 0.12 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 8.08, with 2.74 for asset returns.
Based on Imax Corp (IMAX), the company’s capital structure generated 0.49 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 0.95. The interest coverage ratio of the stock is 5.09.
Currently, EBITDA for the company is 115.9 million with net debt to EBITDA at 1.64. When we switch over and look at the enterprise to sales, we see a ratio of 4.27. The receivables turnover for the company is 1.11for 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 1.34.
Conclusion
In conclusion, Imax Corp (IMAX) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
