Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $40.91 on Imax Corporation (NYSE:IMAX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.96 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Imax Corporation (NYSE:IMAX) stands at 44.31.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Imax Corporation Common Stock, the PEG ratio for coming 3-5 years is 1.78.
The technical analysis highlights that Imax Corporation Common Stock current is trading $-0.48 points away or -1.54% from its 50-day moving average of $31.19. Further it is trading $-0.31 or -1.01% away its 200-day moving average of $31.02.
The 52-week high of Imax Corporation (NYSE:IMAX) was $40.36 while lowest point recorded in 52-week was $25.52. It implies if stock price makes a movement of over $-9.65, it will record a new 52-week high. In the case of +20.34% drop, it will touch a new 52-week low.
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