Market Watch: Imax Corp (IMAX)’s Noteworthy Gain, Closing at 23.44

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As of close of business last night, Imax Corp’s stock clocked out at $23.44, up 3.85% from its previous closing price of $22.57. In other words, the price has increased by $3.85 from its previous closing price. On the day, 2.16 million shares were traded. IMAX stock price reached its highest trading level at $24.46 during the session, while it also had its lowest trading level at $22.16.

Ratios:

To gain a deeper understanding of IMAX’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.33. For the most recent quarter (mrq), Quick Ratio is recorded 1.25 and its Current Ratio is at 1.42. In the meantime, Its Debt-to-Equity ratio is 0.93 whereas as Long-Term Debt/Eq ratio is at 0.80.

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, Seaport Research Partners on July 24, 2024, initiated with a Buy rating and assigned the stock a target price of $23.

On April 21, 2023, Barrington Research reiterated its Outperform rating and also lowered its target price recommendation from $22 to $24.

B. Riley Securities reiterated its Buy rating for the stock on December 05, 2022, while the target price for the stock was revised from $20 to $23.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 24 ’25 when Demirian Eric A sold 23,000 shares for $26.81 per share. The transaction valued at 616,630 led to the insider holds 35,007 shares of the business.

Fernandes Natasha sold 2,957 shares of IMAX for $75,448 on Dec 09 ’24. The Chief Financial Officer & EVP now owns 14,883 shares after completing the transaction at $25.52 per share. On Dec 09 ’24, another insider, Weissman Kenneth Ian, who serves as the Deputy GC, Corp. Sec. & CCO of the company, sold 6,309 shares for $25.51 each. As a result, the insider received 160,927 and left with 25,139 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 1242884992 and an Enterprise Value of 1545820928. As of this moment, Imax’s Price-to-Earnings (P/E) ratio for their current fiscal year is 48.60, and their Forward P/E ratio for the next fiscal year is 17.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.53 while its Price-to-Book (P/B) ratio in mrq is 4.14. Its current Enterprise Value per Revenue stands at 4.389 whereas that against EBITDA is 17.324.

Stock Price History:

The Beta on a monthly basis for IMAX is 0.84, which has changed by 0.40191388 over the last 52 weeks, in comparison to a change of 0.049593568 over the same period for the S&P500. Over the past 52 weeks, IMAX has reached a high of $27.77, while it has fallen to a 52-week low of $14.94. The 50-Day Moving Average of the stock is -7.78%, while the 200-Day Moving Average is calculated to be 3.70%.

Shares Statistics:

It appears that IMAX traded 818.53K shares on average per day over the past three months and 1277740 shares per day over the past ten days. A total of 52.95M shares are outstanding, with a floating share count of 42.19M. Insiders hold about 20.43% of the company’s shares, while institutions hold 92.28% stake in the company. Shares short for IMAX as of 1741910400 were 4614128 with a Short Ratio of 5.64, compared to 1739491200 on 5210050. Therefore, it implies a Short% of Shares Outstanding of 4614128 and a Short% of Float of 10.7700005.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0

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