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Tuesday, June 6, 2023

Analysts Point To IMAX Corporation (NYSE: IMAX) Growth In The Future

After Hours

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. After-hours trades for IMAX Corporation (IMAX) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $18.32. The IMAX Corporation has recorded 10,524 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Gabelli Funds to Host 15th Annual Media & Entertainment Symposium Thursday, June 8, 2023.

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Stocks Info

As a NYSE listed company, IMAX falls under the Communication Services sector while operating within the Entertainment industry segment. At the end of the last regular session, the stock closed at $18.32 and fluctuated between $18.60 as its day high and $18.20 as its day low. The current market capitalization of IMAX Corporation is $1.01B. A total of 0.57 million shares were traded on the day, compared to an average of 552.00K shares.

In the most recent transaction, GELFOND RICHARD L sold 100,000 shares of IMAX for 20.95 per share on May 01. After the transaction, the Chief Executive Officer now owns 388,678 company shares. In a previous transaction on May 01, Weissman Kenneth Ian sold 10,000 shares at 21.12 per share. IMAX shares that Deputy GC & Corp. Secretary owns now total 17,558.

Among the insiders who sold shares, Tu Denny disposed of 10,000 shares on May 01 at a per-share price of $20.81. This resulted in the Chief Marketing Officer holding 16,304 shares of IMAX after the transaction. In another insider transaction, WELTON MARK sold 20,000 shares at $18.35 per share on Mar 07. Company shares held by the President, IMAX Theatres now total 82,271.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for IMAX in the last 3 months, the mean price target is $23.90 with high estimates of $27.00 and low estimates of $15.00. In terms of 52-week highs and lows, IMAX has a high of $21.82 and a low of $12.13.

As of this writing, IMAX has an earnings estimate of $0.21 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.25 per share and a lower estimate of $0.19. The company reported an EPS of $0.19 in the last quarter, which was -5.00% lower than expectations of $0.2.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. IMAX’s latest balance sheet shows that the firm has $189.71M in Cash & Short Term Investments as of fiscal 2021. There were $226.11M in debt and $211.59M in liabilities at the time. Its Book Value Per Share was $4.88, while its Total Shareholder’s Equity was $430.37M.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 4.33.

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