Keep An Eye On IMAX Corporation’s Insider Activity (IMAX)

The stock of IMAX Corporation (NYSE:IMAX) increased by increased by $1.3 on Friday to finish at $21.85, up 6.33 percent. The last five days have seen an average of 776,620 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $3.83. The average number of shares traded over the last 20 days was 794,675, while the average volume over the last 50 days totaled 772,406.

IMAX stock appreciated 22.14% since last month. On 09/23/21, the company’s shares reached a one-month low of $16.73. The stock touched a high of $25.05 on 03/05/21, after rallying from a low of $10.76 in 52 weeks. The price of IMAX stock has risen by 21.25% or $3.83 this year, reaching a new high 14 times. Still, the stock price is down -12.77% from the 52-week high.

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Insider Transactions

There have been 139 days since IMAX Corporation (IMAX) last reported insider trading activity on Jun 08. On Jun 08, President, IMAX Entertainment Colligan Megan sold 10,916 shares at $23.29 each. This transaction resulted in the insider making $254,234. On May 26, Weissman Kenneth Ian sold 2,500 shares at a price of US$22.00. After the transaction, the insider now owns 10,233 shares. President, IMAX Theatres WELTON MARK had earlier sold 5,000 shares on Mar 11 for $22.69 a share. The transaction was completed for $113,465.

Valuation Metrics

The PE ratio of IMAX Corporation has varied between 575.20 and 9.421 in the last five years. Beta for the stock is 1.63. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.67, the price-to-book (PB) ratio of 3.70.

The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.66, and the total debt to equity ratio is 0.66. As far as profitability goes, gross margin for the trailing twelve months is 36.60% percent. IMAX Corporation’s EBITDA margin for the year ended June 29 was -45.46%, whereas its operating margin stood at -30.40% for the same period. Based on annual data, it had gross profit of $21.54 million and revenue of $137.0 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. IMAX’s return on assets (ROA) during the last 12 months has been -9.70%. There was a -21.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -24.90%. ROE has averaged 4.77 in the past year for the broader industry.

Earnings Surprise

According to IMAX Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $50.96 million, while revenues rose by 82.61% to $38.75 million. It was predicted that IMAX Corporation’s quarterly earnings would be -$0.12, but it ended up being -$0.27, beating the consensus by 55.60%. EBITDA was $10.74 million for the quarter. At the end of IMAX Corporation’s most recent quarter ended June 29, its liabilities totaled 447.13 million, while its total debt was $289.31 million. Equity owned by shareholders amounts to $59.4 million.

Technical Picture

Here’s a quick look at IMAX Corporation’s (IMAX) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 73.92%, suggesting the stock is Overbought, with a 39.16% historical volatility rate.

The stochastic %K and %D were 68.83% and 60.83% respectively, while the average true range (ATR) was 0.74. Based on the 14-day stochastic reading of 99.45%, the RSI (14) reading is 72.51%. On the 9-day MACD Oscillator, the stock is at 0.43, and the 14-day reading is at 0.28.

Analyst Ratings

In its analyst report released on October 22, 2021, Wells Fargo began covering IMAX Corporation (NYSE: IMAX). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned IMAX Corporation (IMAX) an Overweight rating. IMAX is a stock that is recommended for selling by 1 brokerage firm, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 8 others recommend it as a buy.

What is IMAX’s price target for the next 12 months?

The current consensus forecast for the stock is between $15.00 and $30.00, with a median target price of $25.00. In analyzing these forecasts, the average price target given by analysts for IMAX Corporation (IMAX) is $23.80.


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