The stock has been assigned a buy rating by five separate research analysts, while the shares have been assigned a hold rating by one. According to Bloomberg, the seven analysts who are currently monitoring IMAX Co. (NYSE: IMAX) have given the stock a consensus recommendation of “Moderate Buy,” and the average price target for the next 12 months has been established by brokers that have released research on the company in the preceding year is $24.40. Recently, several brokerages have offered their comments and criticisms regarding IMAX. On Monday, May 23, Rosenblatt Securities issued a research note announcing they will now be covering IMAX. They suggested a “buy” investment in the firm, and they established a price target of $25.00 for it. B. Riley decreased their target price for IMAX from $30.00 to $25.00 and assigned the company a “buy” rating in a research note published on June 21. In a report published on Monday, July 18, Benchmark Research dropped their price objective on IMAX from $28.00 to $25.00 and gave the company a “buy” rating.
Additionally, Benchmark Research gave the company a “buy” rating in the same research. Lastly, in a research note published on August 1 by TheStreet, IMAX was raised from a rating of “d+” to a rating of “c-,” reflecting an improvement in the company’s financial standing. Several institutional investors have been purchasing and selling company shares in the most recent period. These transactions took place in the most recent period. FMR LLC increased its investment in IMAX by 179.8 percent during the second fiscal year’s second quarter of the current fiscal year. As a direct consequence of FMR LLC’s acquisition of an additional 1,758,075 shares of the company’s stock during the most recent quarter, the company now directly owns a total of 2,736,071 shares of the company’s stock, which has a value worth $46,212,000. During the first three months of this year, Eagle Asset Management Inc. made a new investment in IMAX shares by purchasing a new interest in the company. This real estate was worth around $5,313,000 when taken as a whole. During the first three months of 2018, Goldman Sachs Group Inc. increased the proportion of IMAX shares in its portfolio by 30.4%. After making further purchases of 223,813 shares over the previous three months, Goldman Sachs Group Inc. now has a total ownership stake in the company equal to 959,816 shares.
The market price for these shares at the moment is $18,169,000. In the second quarter, Millennium Management, LLC successfully grew the value of its investment in IMAX shares by 16.0%. After making an additional purchase of 212,370 shares during the most recent quarter of the company’s fiscal year, Millennium Management LLC now owns a total of 1,540,110 shares of the company’s stock, which has a value of $26,012,000. And finally, over the year’s final three months, Renaissance Technologies LLC added 10.1% more IMAX stock to its holdings, bringing the total percentage of the company’s stock ownership to a new high. Renaissance Technologies LLC now owns a total of 1,837,400 shares of the corporation’s stock, which has a worth of $32,779,000 after purchasing an additional 168,400 shares of the company’s stock during the most recent quarter. These shares were purchased during the most recent quarter. Shares of the company are held by hedge funds and other institutional investors for 77.32% of the total. The starting price of a share of IMAX stock was $16.06 per share when trading began on Monday. The lowest price for IMAX tickets over the past year was $14.00, while the highest price over the past year was $22.10. The company’s price-to-earnings ratio is -64.24, and its beta value is 1.32.
The value of the company’s stock is 1.32. The company is currently valued at $900.89 million on the market. Both the 50-day and the 200-day moving averages for the price of the company’s stock are now sitting at $16.36 and $16.77, respectively, at the time of this writing. On Thursday, July 28, IMAX, traded on the NYSE under the name IMAX, released its most recent earnings report. IMAX shares are traded under the ticker IMAX. It turned out that the company’s actual earnings per share (EPS) for the quarter came in at $0.05, which was $0.07 less than the consensus projection of $0.02 per share. The revenue for the company came in at $73.97 million for the quarter, which is lower than the $74.95 million projected by experts to be earned by the company. IMAX’s return on equity (only 3.13%) and its net margin (only 4.93%) are deemed exceptionally low because they are close to zero. The financial experts’ projections indicate that IMAX will conclude the current fiscal year with average earnings per share of -0.09 dollars. The IMAX Corporation and all of the firms to which it is related are recognized as being among the most prominent providers of entertainment technologies on a worldwide scale.
It provides cinematic solutions by applying specialized hardware and software, architectural designs, intellectual property, and intellectual property rights. These are all utilized to deliver cinematic services. The company provides digital projection systems, IMAX theater systems, and IMAX Digital Re-Mastering (DMR). This proprietary method digitally improves the image resolution, visual clarity, and sound quality of motion picture films in preparation for a presentation on IMAX screens. Customers who are exhibitors can get these goods and services through purchasing, leasing, and entering into arrangements to share in shared revenue.