Investing In IMAX Corporation (NYSE: IMAX): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for IMAX Corporation (IMAX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.67, or -4.47%, to $14.32. Volume reached 10,842 shares, with price reaching a high of $14.23 and a low of $14.18. Earlier, Yahoo Finance discussed this stock as it revealed IMAX NAMES MICHELE GOLDEN AS GLOBAL CHIEF PEOPLE OFFICER.

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Stocks Info

The company is listed on the NYSE and operates within the Entertainment industry segment. At the end of the last regular session, the stock closed at $14.23 and fluctuated between $14.96 as its day high and $14.17 as its day low. The current market capitalization of IMAX Corporation is $810.54M. A total of 1.34 million shares were traded on the day, compared to an average of 474.98K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, IMAX has seen 5 BUY and 6 SELL insider trades, representing the acquisition of 211,467 and the disposition of 281,467 shares. Over the last 12 months, there were 176 BUYs and 153 SELLs from insiders. Insiders purchased 4,786,260 shares during that period but sold 4,296,888.

In the most recent transaction, Bassani Jacqueline sold 6,000 shares of IMAX for 18.13 per share on Mar 16. After the transaction, the EVP & Chief People Officer now owns 20,610 company shares. In a previous transaction on Dec 02, WELTON MARK sold 10,791 shares at 16.59 per share. IMAX shares that President, IMAX Theatres owns now total 31,459.

Among the insiders who sold shares, WELTON MARK disposed of 10,016 shares on Dec 01 at a per-share price of $16.17. This resulted in the President, IMAX Theatres holding 31,459 shares of IMAX after the transaction. In another insider transaction, LISTER ROBERT D sold 25,000 shares at $20.39 per share on Nov 09. Company shares held by the Chief Legal & Sr Exec VP now total 62,924.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for IMAX in the last 3 months, the mean price target is $22.10 with high estimates of $26.00 and low estimates of $13.00. In terms of 52-week highs and lows, IMAX has a high of $22.10 and a low of $14.00.

As of this writing, IMAX has an earnings estimate of $-0.04 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.02 per share and a lower estimate of $-0.09. The company reported an EPS of $-0.05 in the last quarter, which was -350% lower than expectations of $0.02.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 11 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IMAX is Hold with a score of 4.71. A total of 8 analysts rated the stock as Buy while 1 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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