While Imax Corp has underperformed by -2.16%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, IMAX rose by 17.19%, with highs and lows ranging from $22.13 to $13.20, whereas the simple moving average jumped by 19.98% 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’.
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Analysis of Imax Corp (IMAX)
Further, the quarter-over-quarter decrease in sales is -9.20%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Imax Corp’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 7.95% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.10, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and IMAX is recording an average volume of 750.80K. On a monthly basis, the volatility of the stock is set at 3.50%, whereas on a weekly basis, it is put at 3.85%, with a gain of 7.11% over the past seven days. Furthermore, long-term investors anticipate a median target price of $25.27, showing growth from the present price of $20.79, 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?
Imax Corp (IMAX) is based in the Canada and is one of the most prominent companies operating in the Entertainment 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 53.24, there is a growth in quarterly earnings of -55.56%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 19.89%. 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 81.62% 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 81.62% at present.
