On Tuesday, Imax Corp (NYSE: IMAX) opened higher 2.47% from the last session ,before settling in for the closing price of $16.21. Price fluctuations for IMAX have ranged from $13.20 to $21.82 over the past 52 weeks.
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Communication Services Sector giant saw their annual sales surged by 13.80% over the last five years. Company’s average yearly earnings per share was noted -1.06% at the time writing. With a float of $42.57 million, this company’s outstanding shares have now reached $53.26 million.
The firm has a total of 697 workers. Let’s measure their productivity.
Imax Corp (IMAX) Insider Activity
A key investor’s attitude towards the stock of the Entertainment industry is another important factor to consider. The insider ownership of Imax Corp is 19.61%, while institutional ownership is 76.95%. The most recent insider transaction that took place on Mar 14 ’24, was worth 421,825. In this transaction Chief Legal & Sr Exec VP of this company sold 25,000 shares at a rate of $16.87, taking the stock ownership to the 138,889 shares. Before that another transaction happened on Jul 28 ’23, when Company’s CTO & EVP sold 3,516 for $18.98, making the entire transaction worth $66,734. This insider now owns 30,813 shares in total.
Imax Corp (IMAX) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $0.17 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.05) by $0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.06% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to 4.87% growth over the previous five years of trading.
Imax Corp (NYSE: IMAX) Trading Performance Indicators
Check out the current performance indicators for Imax Corp (IMAX). In the past quarter, the stock posted a quick ratio of 1.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.35. Likewise, its price to free cash flow for the trailing twelve months is 17.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.46, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 1.21 in one year’s time.
Technical Analysis of Imax Corp (IMAX)
Analysing the last 5-days average volume posted by the [Imax Corp, IMAX], we can find that recorded value of 0.72 million was lower than the volume posted last year of 0.81 million. As of the previous 9 days, the stock’s Stochastic %D was 69.52%. Additionally, its Average True Range was 0.45.
During the past 100 days, Imax Corp’s (IMAX) raw stochastic average was set at 76.89%, which indicates a significant decrease from 81.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.18% in the past 14 days, which was lower than the 31.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.58, while its 200-day Moving Average is $16.91. Now, the first resistance to watch is $16.90. This is followed by the second major resistance level at $17.20. The third major resistance level sits at $17.55. If the price goes on to break the first support level at $16.26, it is likely to go to the next support level at $15.91. Should the price break the second support level, the third support level stands at $15.61.
Imax Corp (NYSE: IMAX) Key Stats
There are currently 52,951K shares outstanding in the company with a market cap of 879.50 million. Presently, the company’s annual sales total 374,840 K according to its annual income of 25,340 K. Last quarter, the company’s sales amounted to 86,020 K and its income totaled 2,540 K.
