Imax Corp [IMAX] stock prices are up 1.15% to $23.76 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The IMAX shares have gain 4.30% over the last week, with a monthly amount drifted -4.39%, and not seem to be holding up well over a long-time horizon.
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.
The stock price of Imax Corp [IMAX] has been fluctuating between $13.20 and $26.84 over the past year. Currently, Wall Street analysts expect the stock to reach $25.6 within the next 12 months. Imax Corp [NYSE: IMAX] shares were valued at $23.76 at the most recent close of the market. An investor can expect a potential return of 7.74% based on the average IMAX price forecast.
Analyzing the IMAX fundamentals
The Imax Corp [NYSE:IMAX] reported sales of 345.55M for trailing twelve months, representing a drop of -11.98%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.95.
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 23.24 points at the first support level, and at 22.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.24, and for the 2nd resistance point, it is at 24.72.
Ratios To Look Out For
It’s worth pointing out that Imax Corp [NYSE:IMAX]’s Current Ratio is 1.34. In addition, the Quick Ratio stands at 1.17 and the Cash Ratio stands at 0.34. Considering the valuation of this stock, the price to sales ratio is 3.62, the price to book ratio is 4.32 and price to earnings (TTM) ratio is 55.06.
Transactions by insiders
Recent insider trading involved Fernandes Natasha, Chief Financial Officer & EVP, that happened on Dec 09 ’24 when 2957.0 shares were sold. Deputy GC, Corp. Sec. & CCO, Weissman Kenneth Ian completed a deal on Dec 09 ’24 to sell 6309.0 shares. Meanwhile, President, IMAX Theatres WELTON MARK sold 39432.0 shares on Dec 09 ’24.
