Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Imax Corp (NYSE: IMAX) closed the day trading at $17.11 up 0.23% from the previous closing price of $17.07. In other words, the price has increased by $0.23 from its previous closing price. On the day, 0.73 million shares were traded. IMAX stock price reached its highest trading level at $17.43 during the session, while it also had its lowest trading level at $16.97.
Ratios:
For a better understanding of IMAX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.54. For the most recent quarter (mrq), Quick Ratio is recorded 1.18 and its Current Ratio is at 1.33. In the meantime, Its Debt-to-Equity ratio is 0.97 whereas as Long-Term Debt/Eq ratio is at 0.88.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barrington Research on April 21, 2023, Reiterated its Outperform rating but revised its target price to $24 from $22 previously.
On December 05, 2022, B. Riley Securities reiterated its Buy rating and also lowered its target price recommendation from $20 to $23.
B. Riley Securities reiterated its Buy rating for the stock on October 12, 2022, while the target price for the stock was revised from $25 to $20.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 14 ’24 when LISTER ROBERT D sold 25,000 shares for $16.87 per share. The transaction valued at 421,825 led to the insider holds 138,889 shares of the business.
PABLO CALAMERA sold 3,516 shares of IMAX for $66,734 on Jul 28 ’23. The CTO & EVP now owns 30,813 shares after completing the transaction at $18.98 per share. On May 01 ’23, another insider, GELFOND RICHARD L, who serves as the Chief Executive Officer of the company, sold 100,000 shares for $20.95 each. As a result, the insider received 2,094,720 and left with 388,678 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IMAX now has a Market Capitalization of 905996800 and an Enterprise Value of 1167520384. As of this moment, Imax’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.38, and their Forward P/E ratio for the next fiscal year is 14.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.42 while its Price-to-Book (P/B) ratio in mrq is 3.34. Its current Enterprise Value per Revenue stands at 3.115 whereas that against EBITDA is 12.844.
Stock Price History:
Over the past 52 weeks, IMAX has reached a high of $21.82, while it has fallen to a 52-week low of $13.20. The 50-Day Moving Average of the stock is 7.49%, while the 200-Day Moving Average is calculated to be 1.28%.
Shares Statistics:
Over the past 3-months, IMAX traded about 820.24K shares per day on average, while over the past 10 days, IMAX traded about 893590 shares per day. A total of 53.26M shares are outstanding, with a floating share count of 42.57M. Insiders hold about 19.61% of the company’s shares, while institutions hold 76.96% stake in the company. Shares short for IMAX as of 1711584000 were 2932408 with a Short Ratio of 3.58, compared to 1709164800 on 2860697. Therefore, it implies a Short% of Shares Outstanding of 2932408 and a Short% of Float of 6.8500000000000005.
Earnings Estimates
At present, YMAX analysts are actively evaluating the performance of Imax Corp (IMAX) in the stock market.The consensus estimate for the next quarter is $17.11, with high estimates of $7.14 and low estimates of $1.27.
Analysts are recommending an EPS of between $Real Estate and $Healthcare for the fiscal current year, implying an average EPS of $Communication Services.
