While Imax Corp has underperformed by -3.36%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, IMAX rose by 35.80%, with highs and lows ranging from $27.77 to $14.94, whereas the simple moving average jumped by 1.81% in the last 200 days.
On July 24, 2024, Seaport Research Partners started tracking Imax Corp (NYSE: IMAX) recommending Buy. A report published by Barrington Research on April 21, 2023, Reiterated its previous ‘Outperform’ rating for IMAX. B. Riley Securities also reiterated IMAX shares as ‘Buy’, quoting a target price of $23 on the company’s shares in a report dated December 05, 2022. B. Riley Securities Reiterated the rating as Buy on October 12, 2022, but set its price target from $25 to $20. Rosenblatt initiated its ‘Buy’ rating for IMAX, as published in its report on May 24, 2022. Wells Fargo’s report from October 22, 2021 suggests a price prediction of $27 for IMAX shares, giving the stock a ‘Overweight’ rating. JP Morgan also rated the stock as ‘Neutral’.
Analysis of Imax Corp (IMAX)
Further, the quarter-over-quarter increase in sales is 9.53%, showing a positive trend in the upcoming months.
Imax Corp’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 9.00% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.24, 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.
The average volume for any stock is also a very valuable indicator of volatility, and IMAX has an average volume of 972.79K. On a monthly basis, the volatility of the stock is set at 5.56%, whereas on a weekly basis, it is put at 5.87%, with a gain of 6.98% over the past seven days. Furthermore, long-term investors anticipate a median target price of $30.00, showing growth from the present price of $23.29, 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?
Entertainment giant Imax Corp (IMAX) is based in the Canada and is one of the largest companies in the market. 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 50.27, there is a growth in quarterly earnings of -31.00%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 20.43%. 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 92.28% 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 92.28% at present.
