While Imax Corp has overperformed by 0.23%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, IMAX fell by -16.50%, with highs and lows ranging from $21.82 to $13.20, whereas the simple moving average jumped by 1.28% in the last 200 days.
On April 21, 2023, Barrington Research Reiterated Imax Corp (NYSE: IMAX) to Outperform. A report published by B. Riley Securities on December 05, 2022, Reiterated its previous ‘Buy’ rating for IMAX. B. Riley Securities also reiterated IMAX shares as ‘Buy’, quoting a target price of $20 on the company’s shares in a report dated October 12, 2022. Rosenblatt Initiated an Buy rating on May 24, 2022, and assigned a price target of $25. Wells Fargo initiated its ‘Overweight’ rating for IMAX, as published in its report on October 22, 2021. JP Morgan’s report from July 28, 2021 suggests a price prediction of $20 for IMAX shares, giving the stock a ‘Neutral’ rating. Goldman also rated the stock as ‘Sell’.
Analysis of Imax Corp (IMAX)
Further, the quarter-over-quarter decrease in sales is -12.27%, showing a negative trend in the upcoming months.
Imax Corp’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 9.44% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.18, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and IMAX is registering an average volume of 820.24K. On a monthly basis, the volatility of the stock is set at 2.74%, whereas on a weekly basis, it is put at 3.55%, with a gain of 2.33% over the past seven days. Furthermore, long-term investors anticipate a median target price of $21.65, showing growth from the present price of $17.11, which can serve as yet another indication of whether IMAX is worth investing in or should be passed over.
How Do You Analyze Imax Corp Shares?
A giant in the Entertainment market, Imax Corp (IMAX) is based in the Canada. When comparing Imax Corp shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 37.38, there is a growth in quarterly earnings of -1.49%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 19.61%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 76.96% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
IMAX shares are owned by institutional investors to the tune of 76.96% at present.
