At the time of writing, Imax Corp [IMAX] stock is trading at $26.73, up 1.56%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The IMAX shares have gain 6.11% over the last week, with a monthly amount glided 10.00%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Imax Corp [NYSE: IMAX] stock has seen the most recent analyst activity on July 24, 2024, when Seaport Research Partners initiated its Buy rating and assigned the stock a price target of $23. Previously, Barrington Research reaffirmed its Outperform rating on April 21, 2023, and elevated its price target to $24. On December 05, 2022, B. Riley Securities reiterated its Buy rating and revised its price target to $23 on the stock. B. Riley Securities reiterated its Buy rating and decreased its price target to $20 on October 12, 2022. Rosenblatt initiated its recommendation with a Buy and recommended $25 as its price target on May 24, 2022. Wells Fargo started tracking with a Overweight rating for this stock on October 22, 2021, and assigned it a price target of $27. In a note dated July 28, 2021, JP Morgan reiterated an Neutral rating on this stock and revised its target price from $24 to $20.
For the past year, the stock price of Imax Corp fluctuated between $13.20 and $26.54. Currently, Wall Street analysts expect the stock to reach $24.78 within the next 12 months. Imax Corp [NYSE: IMAX] shares were valued at $26.73 at the most recent close of the market. An investor can expect a potential drop of -7.3% based on the average IMAX price forecast.
Analyzing the IMAX fundamentals
According to Imax Corp [NYSE:IMAX], the company’s sales were 345.55M for trailing twelve months, which represents an -11.98% plunge. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.95.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.11 points at the first support level, and at 25.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.09, and for the 2nd resistance point, it is at 27.46.
Ratios To Look Out For
It is important to note that Imax Corp [NYSE:IMAX] has a current ratio of 1.34. Further, the Quick Ratio stands at 1.17, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 4.12, the price to book ratio is 4.87 and price to earnings (TTM) ratio is 61.95.
Transactions by insiders
Recent insider trading involved ELIZABETH DOROTHA GITAJN, Former Officer, that happened on Nov 01 ’24 when 779.0 shares were purchased. CTO & EVP, PABLO CALAMERA completed a deal on Apr 26 ’24 to sell 6130.0 shares. Meanwhile, Chief Legal & Sr Exec VP LISTER ROBERT D sold 25000.0 shares on Mar 14 ’24.
