Imax Corp (NYSE: IMAX) stock fell -2.81% on Monday to $16.59 against a previous-day closing price of $17.07. With 0.86 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.54 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $17.15 whereas the lowest price it dropped to was $16.57. The 52-week range on IMAX shows that it touched its highest point at $21.82 and its lowest point at $13.50 during that stretch. It currently has a 1-year price target of $24.41. Beta for the stock currently stands at 1.22.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IMAX was down-trending over the past week, with a drop of -2.07%, but this was down by -7.83% over a month. Three-month performance dropped to -12.82% while six-month performance fell -12.32%. The stock gained 12.32% in the past year, while it has gained 13.17% so far this year. A look at the trailing 12-month EPS for IMAX yields 0.46 with Next year EPS estimates of 1.01. For the next quarter, that number is 0.20. This implies an EPS growth rate of 1529.44% for this year and 3.46% for next year.
Float and Shares Shorts:
At present, 54.15 million IMAX shares are outstanding with a float of 44.53 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.05 million, which was 5.59% higher than short shares on Sep 28, 2023. In addition to Mr. Richard Lewis Gelfond as the firm’s CEO & Director, Ms. Natasha Fernandes serves as its Executive VP & CFO.
Through their ownership of 77.86% of IMAX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 43.05% of IMAX, in contrast to 35.83% held by mutual funds. Shares owned by individuals account for 35.54%. As the largest shareholder in IMAX with 8.76% of the stake, Macquarie Investment Management B holds 4,785,423 shares worth 4,785,423. A second-largest stockholder of IMAX, Nantahala Capital Management LLC, holds 2,606,884 shares, controlling over 4.77% of the firm’s shares. FIAM LLC is the third largest shareholder in IMAX, holding 2,539,537 shares or 4.65% stake. With a 4.17% stake in IMAX, the Delaware Small Cap Core Fund is the largest stakeholder. A total of 2,276,695 shares are owned by the mutual fund manager. The Invesco Funds – Global Consumer T, which owns about 3.73% of IMAX stock, is the second-largest Mutual Fund holder. It holds 2,036,700 shares valued at 37.09 million. Delaware Ivy Small Cap Growth Fun holds 1.95% of the stake in IMAX, owning 1,065,490 shares worth 19.4 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IMAX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With IMAX analysts setting a high price target of $30.00 and a low target of $15.00, the average target price over the next 12 months is $24.41. Based on these targets, IMAX could surge 80.83% to reach the target high and fall by -9.58% to reach the target low. Reaching the average price target will result in a growth of 47.14% from current levels.