Barrington Research raised the price target for the Imax Corp (NYSE:IMAX) stock to “an Outperform”. The rating was released on April 21, 2023, according to finviz. We previously noted in another research note published on December 05, 2022 by B. Riley Securities that reiterated the stock to a Buy with a price target of $23 for IMAX stock. The research report from B. Riley Securities has reiterated the stock to Buy, with a price target set at $20. The stock was initiated by Rosenblatt, who disclosed in a research note on May 24, 2022, to Buy and set the price objective to $25. In their research brief published October 22, 2021, Wells Fargo analysts initiated the Imax Corp stock to Overweight with a price target of $27.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 1.97% within the last five trades and 8.66% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -3.94% in the last 6 months and 20.55% was added to its value over the previous 3 months. IMAX stock is trading at a margin of 5.48%, 7.72% and 1.04% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, IMAX deals in the Communication Services domain. The stock is trading -21.77 percent below its 52-week high and 29.32 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -10.33. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Imax Corp’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 14.85 percent and the profit margin is 6.76 percent, and the company has reported a gross margin of 55.83 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $903.86 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Imax Corp (NYSE:IMAX) is 37.30. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 14.10. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.41 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.33, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 19.61 percent of Imax Corp shares are owned by insiders, and 76.96 percent are held by financial institutions. LISTER ROBERT D, the Chief Legal & Sr Exec VP at Imax Corp (IMAX) has sold 25,000 shares of firm on Mar 14 ’24 at a price of $16.87 against the total amount of $0.42 million. In another inside trade, PABLO CALAMERA, CTO & EVP of Imax Corp (NYSE:IMAX) sold 3,516 shares of the firm on Jul 28 ’23 for a total worth of $66734.0 at a price of $18.98. An inside trade which took place on May 01 ’23, Chief Executive Officer of Imax Corp GELFOND RICHARD L sold 100,000 shares of firm against total price of $2.09 million at the cost of $20.95 per share.
