With 0.55 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.65 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $26.4239 whereas the lowest price it dropped to was $25.815. The 52-week range on IMAX shows that it touched its highest point at $26.84 and its lowest point at $13.20 during that stretch. It currently has a 1-year price target of $27.18. Beta for the stock currently stands at 1.24.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IMAX was down-trending over the past week, with a drop of -1.37%, but this was up by 4.95% over a month. Three-month performance surged to 24.09% while six-month performance rose 69.02%. The stock gained 62.13% in the past year, while it has gained 72.17% so far this year. A look at the trailing 12-month EPS for IMAX yields 0.43 with Next year EPS estimates of 1.28. For the next quarter, that number is 0.42. This implies an EPS growth rate of 17.42% for this year and 16.12% for next year. EPS is expected to grow by 20.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.87%.
Float and Shares Shorts:
At present, 52.68 million IMAX shares are outstanding with a float of 42.22 million shares on hand for trading. On 2024-11-29, short shares totaled 4.49 million, which was 852.9999999999999 higher than short shares on 1730332800. In addition to Mr. Richard Lewis Gelfond J.D. as the firm’s CEO & Director, Ms. Natasha Fernandes serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.87731004 of IMAX’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, IMAX reported revenue of $91452000.0 and operating income of $18165000.0. The EBITDA in the recently reported quarter was $33690000.0 and diluted EPS was $0.26.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IMAX since 7 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With IMAX analysts setting a high price target of 33.0 and a low target of 16.0, the average target price over the next 12 months is 27.0. Based on these targets, IMAX could surge 27.61% to reach the target high and fall by -38.13% to reach the target low. Reaching the average price target will result in a growth of 4.41% from current levels.
Analysts have provided yearly estimates in a range of $1.17463 being high and $1.04299 being low. For IMAX, this leads to a yearly average estimate of $1.10375. Based on analyst estimates, the high estimate for the next quarter is $0.29 and the low estimate is $0.14. The average estimate for the next quarter is thus $0.2.
