IMAX (IMAX) Stock Price, News & Analysis

Company Overview

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. It also offers preventative and emergency maintenance services and quality monitoring to the IMAX network; film post-production services; and IMAX film and digital cameras to content creators. In addition, the company engages in the distribution of large-format documentary films to institutional theaters, as well as live performances and interactive events with artists and creators; after-market sales of IMAX System parts and 3D glasses; sale or lease of IMAX theater systems; provision of management services to three other theaters, as well as production advice and technical assistance to documentary and Hollywood filmmakers; and rental of company's proprietary 2D and 3D large-format film cameras. The company markets its theater systems through a direct sales force and marketing staff to science and natural history museums, zoos, aquaria, and other educational and cultural centers, as well as theme parks, private home theaters, tourist destination sites, fairs, and expositions. It offers its services under the IMAX, IMAX 3D, Experience It In IMAX, The IMAX Experience, DMR, Filmed For IMAXTM, IMAX Live, IMAX Enhanced, and SSIMWAVE. The company operates a network of IMAX systems comprising commercial multiplexes, commercial destinations, and institutional locations in 90 countries and territories. IMAX Corporation was founded in 1967 and is headquartered in Mississauga, Canada.

Key Stats

• Today's Range: $24.75 to $25.51
• 50-Day Range: $19.11 to $25.19
• 52-Week Range: $13.20 to $25.51
• Volume: 621,620 shs
• Average Volume: 760,870 shs
• Market Capitalization: $1.33 billion
• P/E Ratio: 57.25
• Dividend Yield: N/A
• Price Target: $24.22
• Consensus Rating: Moderate Buy

IMAX Stock Analysis - MarketRank™

IMAX scored higher than 68% of companies evaluated by MarketBeat, and ranked 135th out of 290 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

IMAX has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 7 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

IMAX has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 17.11%

Earnings Growth

Earnings for IMAX are expected to grow by 17.11% in the coming year, from $0.76 to $0.89 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of IMAX is 57.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.92.

Price to Earnings Ratio vs. Sector

The P/E ratio of IMAX is 57.25, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 19.70.

Price to Earnings Growth Ratio

IMAX has a PEG Ratio of 1.63. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

IMAX has a P/B Ratio of 3.61. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

11.30% of the float of IMAX has been sold short.

Short Interest Ratio / Days to Cover

IMAX has a short interest ratio ("days to cover") of 7.4.

Change versus previous month

Short interest in IMAX has recently decreased by 5.92%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

IMAX does not currently pay a dividend.

Dividend Growth

IMAX does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

11.30% of the float of IMAX has been sold short.

Short Interest Ratio / Days to Cover

IMAX has a short interest ratio ("days to cover") of 7.4.

Change versus previous month

Short interest in IMAX has recently decreased by 5.92%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.66

News Sentiment

IMAX has a news sentiment score of 0.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 20 news articles for IMAX this week, compared to 10 articles on an average week.

Search Interest

7 people have searched for IMAX on MarketBeat in the last 30 days.

MarketBeat Follows

Only 2 people have added IMAX to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, IMAX insiders have not sold or bought any company stock.

Percentage Held by Insiders

24.08% of the stock of IMAX is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

93.51% of the stock of IMAX is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IMAX Stock Analysis - Frequently Asked Questions

How have IMAX shares performed this year?

IMAX's stock was trading at $15.02 at the start of the year. Since then, IMAX shares have increased by 67.7% and is now trading at $25.19.
View the best growth stocks for 2024 here.

How were IMAX's earnings last quarter?

IMAX Co. (NYSE:IMAX) issued its quarterly earnings results on Wednesday, October, 30th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.23 by $0.12. The firm's revenue was down 11.9% compared to the same quarter last year.

Who are IMAX's major shareholders?

IMAX's top institutional investors include FMR LLC (7.50%), Royce & Associates LP (3.46%), Victory Capital Management Inc. (2.70%) and Primecap Management Co. CA (1.76%). Insiders that own company stock include Richard L Gelfond, Robert D Lister, Mark Welton, Calamera Pablo, Denny Tu and Jacqueline Bassani.
View institutional ownership trends.

How do I buy shares of IMAX?

Shares of IMAX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of IMAX own?

Based on aggregate information from My MarketBeat watchlists, some other companies that IMAX investors own include Meta Platforms (META), NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Netflix (NFLX), JPMorgan Chase & Co. (JPM) and Alphabet (GOOG).

Company Calendar

• Last Earnings: 10/30/2024
• Today: 11/22/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/25/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Photographic equipment & supplies
• Sub-Industry: Consumer Goods
• Current Symbol: NYSE:IMAX
• CUSIP: N/A
• CIK: 921582
• Web: www.imax.com
• Phone: (905) 403-6500
• Fax: 905-403-6408
• Employees: 669
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $24.22
• High Stock Price Target: $30.00
• Low Stock Price Target: $13.00
• Potential Upside/Downside: -3.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.44
• Trailing P/E Ratio: 57.25
• Forward P/E Ratio: 33.14
• P/E Growth: 1.63
• Net Income: $25.33 million
• Net Margins: 6.74%
• Pretax Margin: 8.92%
• Return on Equity: 7.53%
• Return on Assets: 3.15%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.02
• Quick Ratio: 0.94

Sales & Book Value

• Annual Sales: $345.55 million
• Price / Sales: 3.84
• Cash Flow: $1.78 per share
• Price / Cash Flow: 14.16
• Book Value: $6.97 per share
• Price / Book: 3.61

Miscellaneous

• Outstanding Shares: 52,683,000
• Free Float: 39,997,000
• Market Cap: $1.33 billion
• Optionable: Optionable
• Beta: 1.22