With 0.64 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.66 million shares. The 52-week range on IMAX shows that it touched its highest point at $27.77 and its lowest point at $14.94 during that stretch. It currently has a 1-year price target of $29.70. Beta for the stock currently stands at 0.95.
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 -3.08%, but this was up by 0.86% over a month. Three-month performance dropped to -8.08% while six-month performance rose 16.12%. The stock gained 47.39% in the past year, while it has lost -4.02% so far this year. A look at the trailing 12-month EPS for IMAX yields 0.48 with Next year EPS estimates of 1.42. For the next quarter, that number is 0.17. This implies an EPS growth rate of 31.33% for this year and 13.53% for next year. EPS is expected to grow by 18.75% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -8.74%.
Float and Shares Shorts:
At present, 52.95 million IMAX shares are outstanding with a float of 42.49 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IMAX since 7 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.11085 being high and $0.77363 being low. For IMAX, this leads to a yearly average estimate of $0.98191. Based on analyst estimates, the high estimate for the next quarter is $0.29 and the low estimate is $0.04. The average estimate for the next quarter is thus $0.2.
