Stock To Watch: Imax Corporation (NYSE:IMAX)


The leading market experts have placed a mean price target of $40.91 on Imax Corporation (NYSE:IMAX) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.37 a share for the upcoming quarter and $0.96 for the current fiscal.

Technical View

The technical analysis of Imax Corporation Common Stock plainly substantiates that the 50-day moving average of Imax Corporation Common Stock is $30.58, and stock is trading $0.87 points away or +2.83% from its 50-day moving average of $30.58. Further it is trading $0.53 or +1.72% away its 200-day moving average of $30.92. Imax Corporation (NYSE:IMAX) 52-week high is $40.36 and the 52-week low is $25.52.

This explains if the stock moves $-8.91, it will post a 52-week high. In event of +23.24% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Imax Corporation Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Imax Corporation (NYSE:IMAX) ratio came in at 45.38.

The stock last ended the trading session at $31.45 and registered a market cap of $2.11B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Imax Corporation (NYSE:IMAX) PEG ratio is at 1.87.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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