NYSE:IMAX

IMAX - IMAX Stock Forecast, Price & News

$18.89

+0.64 (+3.51%)

(As of 03/28/2023 12:00 AM ET)

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Today's Range: $18.08
▼
$18.93
50-Day Range: $15.72
▼
$19.04
52-Week Range: $12.13
▼
$20.50

Volume: 601,923 shs
Average Volume: 569,368 shs
Market Capitalization: $1.02 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $20.63

Institutional Ownership

IMAX MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 9.2% Upside
$20.63 Price Target
Short Interest: Healthy
7.55% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.45
Based on 4 Articles This Week
Insider Trading: Selling Shares
$508,009 Sold Last Quarter
Proj. Earnings Growth: 36.36%
From $0.33 to $0.45 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Consumer Discretionary Sector

81st out of 264 stocks

Photographic Equipment & Supplies Industry

1st out of 4 stocks

2.3

Analyst's Opinion

Consensus Rating
IMAX has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 7 buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $20.63, IMAX has a forecasted upside of 9.2% from its current price of $18.89.
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.

3.0

Short Interest

Percentage of Shares Shorted
7.55% 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 5.6.
Change versus previous month
Short interest in IMAX has recently decreased by 11.76%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
IMAX does not currently pay a dividend.
Dividend Growth
IMAX does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for IMAX.

1.9

News and Social Media Coverage

News Sentiment
IMAX has a news sentiment score of 0.45. 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 4 news articles for IMAX this week, compared to 4 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 1 reddit mention for IMAX this week, compared to 0 mentions on an average week.
Search Interest
6 people have searched for IMAX on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added IMAX to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, IMAX insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $508,009.00 in company stock.
Percentage Held by Insiders
22.22% 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
75.36% of the stock of IMAX is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for IMAX are expected to grow by 36.36% in the coming year, from $0.33 to $0.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of IMAX is -48.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of IMAX is -48.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
IMAX has a PEG Ratio of 2.78. 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 3.21. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About IMAX (NYSE:IMAX) Stock

IMAX Corp. is an entertainment technology company, which engages in the business of motion picture technologies and presentations. It operates through following business segments: IMAX Technology Network, IMAX Technology Sales and Maintenance, and Film Distribution and Post-Production. The IMAX Technology Network segment includes the IMAX DMR segment and contingent rent from the JRSA segment. The IMAX Technology Sales and Maintenance segment refers to the IMAX Systems, IMAX Maintenance, and other theater business segments, as well as fixed revenues from the JRSA segment. The Film Distribution and Post-Production segment relates to the distribution of large-format documentary films. The company was founded by Graeme Ferguson, Roman Kroitor, Robert P. Kerr and William Shaw in 1967 and is headquartered in Mississauga, Canada.

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IMAX Stock News Headlines

March 15, 2023 | marketbeat.com

Meme-Stock AMC's Plan To Convert More Shares Headed For Court (IMAX)

AMC shareholders are hoping a new infusion of cash can stave off bankruptcy, but the plan to convert preferred shares to common shares faces a legal challenge.

March 27, 2023 | finance.yahoo.com

IMAX China Roars to RMB 28.3 Million Opening for Makoto Shinkai's Suzume

March 28, 2023 | Behind the Markets (Ad)

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March 24, 2023 | finance.yahoo.com

Why Is Imax (IMAX) Down 1.8% Since Last Earnings Report?

March 24, 2023 | msn.com

IMAX to bring adoptable dogs to theater lobby

March 14, 2023 | finance.yahoo.com

EntTelligence Announces New Partnership with IMAX® for Advanced Moviegoer Insights and Measurement Analysis

March 12, 2023 | finance.yahoo.com

IMAX CEO on new board members: We made 'a concerted effort' to find diverse candidates

March 12, 2023 | msn.com

Every Movie Christopher Nolan Has Broken An IMAX Camera

March 28, 2023 | The Oxford Club (Ad)

My No. 1 dividend stock for a LIFETIME of income.

Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.

March 9, 2023 | finance.yahoo.com

IMAX CEO on variable seat pricing at theaters: 'I don't generally like it'

March 8, 2023 | finance.yahoo.com

Women in power: the push for corporate board diversity

March 7, 2023 | finance.yahoo.com

IMAX ‘actually went out and made concerted effort’ to add diversity to board of directors: CEO

March 7, 2023 | finance.yahoo.com

IMAX CEO: Diversity on board was an issue 'but we fixed it'

March 6, 2023 | finance.yahoo.com

IMAX NAMES GAIL BERMAN AND JEN WONG TO BOARD OF DIRECTORS

March 2, 2023 | finance.yahoo.com

IMAX AND CINEPLEXX SIGN AGREEMENT FOR THREE NEW IMAX LOCATIONS, INCLUDING IN AUSTRIA AND KOSOVO

February 23, 2023 | finance.yahoo.com

IMAX's Q4 Earnings Decline Y/Y, Box Office Slump Hits Revenues

February 23, 2023 | finance.yahoo.com

IMAX (IMAX) Q4 2022 Earnings Call Transcript

February 22, 2023 | finance.yahoo.com

IMAX CORPORATION REPORTS Q4 AND FULL-YEAR 2022 RESULTS

February 19, 2023 | finance.yahoo.com

IMAX (NYSE:IMAX) Has Some Difficulty Using Its Capital Effectively

February 16, 2023 | forbes.com

BFI IMAX Showing 7 Christopher Nolan Films In IMAX 70mm

February 16, 2023 | msn.com

Imax, Cinema 21 Ink 10-Theater Deal in Indonesia

February 16, 2023 | finance.yahoo.com

IMAX Delivers Record-Breaking $61.3 Million Chinese New Year, Headlined by Biggest Local Language Film Ever with "The Wandering Earth 2"

February 15, 2023 | finance.yahoo.com

Imax (IMAX) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

February 13, 2023 | marketwatch.com

Movie Theaters Market Size 2023 Will Touch A New Level In The Upcoming Year 2029

February 7, 2023 | finance.yahoo.com

IMAX Corporation To Announce Fourth-Quarter and Full-Year 2022 Financial Results And Host Conference Call

February 7, 2023 | finance.yahoo.com

IMAX China To Announce Full-Year 2022 Financial Results and Host Conference Call

February 7, 2023 | finance.yahoo.com

SSIMWAVE to Compare Video Quality of Broadcast and OTT Streams for Sunday's Big Game

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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IMAX Company Calendar

Last Earnings: 2/22/2023
Today: 3/28/2023
Next Earnings (Estimated): 4/27/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Photographic equipment & supplies
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NYSE:IMAX
CUSIP: N/A
CIK: 921582
Web: www.imax.com
Phone: (905) 403-6500
Fax: 905-403-6408
Employees: 665
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $20.63
High Stock Price Forecast: $25.00
Low Stock Price Forecast: $14.00
Forecasted Upside/Downside: +9.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.39)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 57.21
P/E Growth: 2.78
Net Income: $-22,800,000.00
Net Margins: -7.58%
Pretax Margin: -3.25%
Return on Equity: -5.96%
Return on Assets: -2.61%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.96
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: $300.80 million
Price / Sales: 3.39
Cash Flow: $0.70 per share
Price / Cash Flow: 26.83
Book Value: $5.88 per share
Price / Book: 3.21

Miscellaneous

Outstanding Shares: 53,970,000
Free Float: 41,978,000
Market Cap: $1.02 billion
Optionable: Optionable
Beta: 1.38

Key Executives

Richard Lewis Gelfond
Chief Executive Officer & Director

Bruce Markoe
Senior Vice President-Post Production & Operations

Natasha Fernandes
Chief Financial & Accounting Officer, Executive VP

Pablo Calamera
Chief Technology Officer & Executive VP

Robert D. Lister
Chief Legal Officer & Senior Executive VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

IMAX Stock - Frequently Asked Questions

Should I buy or sell IMAX stock right now?: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for IMAX in the last twelve months. There are currently 1 sell rating, 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IMAX shares.
View IMAX analyst ratings or view top-rated stocks.
What is IMAX's stock price forecast for 2023?: 9 brokerages have issued 12 month target prices for IMAX's stock. Their IMAX share price forecasts range from $14.00 to $25.00. On average, they predict the company's share price to reach $20.63 in the next twelve months. This suggests a possible upside of 9.2% from the stock's current price.
View analysts price targets for IMAX or view top-rated stocks among Wall Street analysts.
How have IMAX shares performed in 2023?: IMAX's stock was trading at $14.66 at the beginning of the year. Since then, IMAX stock has increased by 28.8% and is now trading at $18.88.
View the best growth stocks for 2023 here.
Are investors shorting IMAX?: IMAX saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 3,300,000 shares, a decrease of 11.8% from the February 28th total of 3,740,000 shares. Based on an average trading volume of 587,900 shares, the days-to-cover ratio is presently 5.6 days. Currently, 7.6% of the company's stock are sold short.
View IMAX's Short Interest.
When is IMAX's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our IMAX earnings forecast.
How were IMAX's earnings last quarter?: IMAX Co. (NYSE:IMAX) announced its earnings results on Wednesday, February, 22nd. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by $0.01. The firm earned $98.05 million during the quarter, compared to the consensus estimate of $95.97 million. IMAX had a negative trailing twelve-month return on equity of 5.96% and a negative net margin of 7.58%.
What ETFs hold IMAX's stock?: ETFs with the largest weight of IMAX (NYSE:IMAX) stock in their portfolio include SPDR FactSet Innovative Technology ETF (XITK), Vanguard Communication Services ETF (VOX) and Fidelity MSCI Communication Services Index ETF (FCOM).SPDR S&P International Small Cap ETF (GWX).
What is Richard L. Gelfond's approval rating as IMAX's CEO?: 36 employees have rated IMAX Chief Executive Officer Richard L. Gelfond on Glassdoor.com. Richard L. Gelfond has an approval rating of 63% among the company's employees. This puts Richard L. Gelfond in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of IMAX own?: Based on aggregate information from My MarketBeat watchlists, some companies that other IMAX investors own include Stillwater Mining (SWC), Integrated Device Technology (IDTI), Turquoise Hill Resources (TRQ), Skyworks Solutions (SWKS), Progenics Pharmaceuticals (PGNX), InvenSense (INVN), Walt Disney (DIS), Intel (INTC), Tesla (TSLA) and Gilead Sciences (GILD).
What is IMAX's stock symbol?: IMAX trades on the New York Stock Exchange (NYSE) under the ticker symbol "IMAX."
Who are IMAX's major shareholders?: IMAX's stock is owned by many different retail and institutional investors. Top institutional investors include Macquarie Group Ltd. (4.59%), Millennium Management LLC (3.92%), Alliancebernstein L.P. (3.61%), Dimensional Fund Advisors LP (2.82%), Franklin Resources Inc. (2.53%) and Renaissance Technologies LLC (2.37%). Insiders that own company stock include Calamera Pablo, Denny Tu, Jacqueline Bassani, Kenneth Ian Weissman, Mark Welton and Megan Colligan.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is IMAX's stock price today?: One share of IMAX stock can currently be purchased for approximately $18.88.
How much money does IMAX make?: IMAX (NYSE:IMAX) has a market capitalization of $1.02 billion and generates $300.80 million in revenue each year. The company earns $-22,800,000.00 in net income (profit) each year or ($0.39) on an earnings per share basis.
How many employees does IMAX have?: The company employs 665 workers across the globe.
How can I contact IMAX?: IMAX's mailing address is 2525 Speakman Drive, Mississauga A6, L5K 1B1. The official website for the company is www.imax.com. The company can be reached via phone at (905) 403-6500, via email at investorrelations@imax.com, or via fax at 905-403-6408.

This page (NYSE:IMAX) was last updated on 3/28/2023 by MarketBeat.com Staff

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IMAX - IMAX Stock Forecast, Price & News

IMAX MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Social Mentions This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About IMAX (NYSE:IMAX) Stock

IMAX Stock News Headlines

IMAX Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

IMAX Stock - Frequently Asked Questions

Overall MarketRank^™