IMAX Co. (NYSE:IMAX - Get Free Report)'s stock price traded up 2.1% during mid-day trading on Monday . The company traded as high as $24.88 and last traded at $24.84. 85,546 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 719,441 shares. The stock had previously closed at $24.32.
Analyst Ratings Changes
Several equities research analysts have issued reports on IMAX shares. Macquarie raised their price target on shares of IMAX from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Wells Fargo & Company raised their target price on shares of IMAX from $26.00 to $32.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. cut their price target on IMAX from $27.00 to $26.00 and set a "neutral" rating for the company in a report on Friday. Wedbush restated an "outperform" rating and set a $32.00 price objective on shares of IMAX in a report on Thursday, February 20th. Finally, Benchmark reiterated a "buy" rating and issued a $30.00 target price on shares of IMAX in a research note on Thursday. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, IMAX currently has an average rating of "Moderate Buy" and a consensus target price of $30.56.
Check Out Our Latest Analysis on IMAX
IMAX Stock Performance
The company has a market capitalization of $1.14 billion, a PE ratio of 43.85, a P/E/G ratio of 1.49 and a beta of 0.91. The business has a fifty day moving average price of $25.36 and a 200 day moving average price of $24.15.
IMAX (NYSE:IMAX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.14). IMAX had a net margin of 7.40% and a return on equity of 8.60%. The business had revenue of $92.67 million for the quarter, compared to analyst estimates of $104.08 million. Research analysts forecast that IMAX Co. will post 0.91 earnings per share for the current fiscal year.
Institutional Trading of IMAX
A number of institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its position in shares of IMAX by 7.7% in the first quarter. Rhumbline Advisers now owns 60,447 shares of the company's stock worth $1,593,000 after buying an additional 4,325 shares during the period. GAMMA Investing LLC lifted its position in IMAX by 2,361.4% during the 1st quarter. GAMMA Investing LLC now owns 40,342 shares of the company's stock worth $10,630,000 after acquiring an additional 38,703 shares in the last quarter. Polar Asset Management Partners Inc. boosted its holdings in IMAX by 191.6% in the 4th quarter. Polar Asset Management Partners Inc. now owns 204,536 shares of the company's stock worth $5,236,000 after acquiring an additional 134,389 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in IMAX by 87.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,978 shares of the company's stock valued at $3,788,000 after acquiring an additional 68,957 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of IMAX during the fourth quarter valued at approximately $999,000. 93.51% of the stock is owned by hedge funds and other institutional investors.
IMAX Company Profile
(
Get Free Report)
IMAX Corporation, together with its subsidiaries, operates as a technology platform for entertainment and events worldwide. The company operates in two segments, Content Solutions and Technology Products and Services. The company offers IMAX DMR, a proprietary technology that digitally remasters films and other content into IMAX formats for distribution to the IMAX network; IMAX Enhanced that provides end-to-end technology across streaming content and entertainment devices at home; and SSIMWAVE, an AI-driven video quality solutions for media and entertainment companies.
Recommended Stories
Before you consider IMAX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IMAX wasn't on the list.
While IMAX currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
