IMAX Corporation (NYSE:IMAX) shares traded lower over the last trading session, losing -2.35% on 02/19/21. The shares fell to a low of $19.47 before closing at $19.51. Intraday shares traded counted 0.37 million, which was 57.79% higher than its 30-day average trading volume of 864.71K. IMAX’s previous close was $19.98 while the outstanding shares total 58.86M. The firm has a beta of 1.82. The stock’s Relative Strength Index (RSI) is 57.79, with weekly volatility at 3.33% and ATR at 0.83. The IMAX stock’s 52-week price range has touched low of $6.01 and a $20.52 high.
Investors have identified the Entertainment company IMAX Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.18 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
IMAX Corporation (IMAX) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For IMAX, the company has in raw cash 305.2 million on their books with 297.99 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 602.31 million total, with 513.74 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record -0.23 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on IMAX sounds very interesting.
Is the stock of IMAX attractive?
In related news, Chief Legal & Sr Exec VP, LISTER ROBERT D bought 5,000 shares of the company’s stock in a transaction that recorded on Mar 17. The purchase was performed at an average price of 8.08, for a total value of 40,425. As the purchase deal closes, the President, IMAX Theatres, WELTON MARK now bought 5,000 shares of the company’s stock, valued at 37,085. Also, Chief Executive Officer, GELFOND RICHARD L bought 25,000 shares of the company’s stock in a deal that was recorded on Mar 17. The shares were cost at an average price of 7.85 per share, with a total market value of 196,285. Following this completion of disposal, the CFO & EVP, Finance, McClymont Patrick now holds 14,206 shares of the company’s stock, valued at 201,465. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.90%.
7 out of 12 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on IMAX Corporation. 1 analysts has assigned a Sell rating on the IMAX stock. The 12-month mean consensus price target for the company’s shares has been set at $21.29.