IMAX - IMAX Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IMAX in the last year. There are currently 1 sell rating, 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IMAX shares.
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9 brokers have issued 12 month price targets for IMAX's shares. Their IMAX share price forecasts range from $14.00 to $25.00. On average, they anticipate the company's share price to reach $20.63 in the next twelve months. This suggests a possible upside of 7.5% from the stock's current price.
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IMAX's stock was trading at $14.66 at the beginning of the year. Since then, IMAX shares have increased by 30.8% and is now trading at $19.18.
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IMAX saw a decrease in short interest in 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 daily trading volume, of 587,900 shares, the days-to-cover ratio is presently 5.6 days. Approximately 7.6% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our IMAX earnings forecast.

IMAX Co. (NYSE:IMAX) released its earnings results on Wednesday, February, 22nd. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.01. The business had revenue of $98.05 million for the quarter, compared to analysts' expectations of $95.97 million. IMAX had a negative net margin of 7.58% and a negative trailing twelve-month return on equity of 5.96%.

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).

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.

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).

IMAX trades on the New York Stock Exchange (NYSE) under the ticker symbol "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.
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One share of IMAX stock can currently be purchased for approximately $19.18.

IMAX (NYSE:IMAX) has a market capitalization of $1.04 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.

The company employs 665 workers across the globe.

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.