Last Updated: 14 Sep 2024
Executive Summary
Imax Corp (IMAX) is a worldwide entertainment technology company that designs, manufactures, and operates immersive film experiences. The company's latest stock price is $20.84. Analysts have a consensus rating of "Buy" on IMAX, with a target price of $25.4. The company has strong fundamentals, with positive revenue and earnings growth. However, the stock is trading at a premium valuation.
Company Overview
Imax Corp is headquartered in Mississauga, Canada. The company was founded in 1967 and has since become a global leader in the immersive film industry. IMAX operates over 1,500 theaters in over 80 countries. The company's theaters are equipped with proprietary technology that provides a unique and immersive experience for moviegoers.
Fundamental Analysis
IMAX has strong fundamentals. The company's revenue has grown by an average of 10% over the past five years. In 2023, the company reported revenue of $357.9 million, up from $325.4 million in 2022. IMAX's earnings per share (EPS) has also grown in recent years. In 2023, the company reported EPS of $0.39, up from $0.35 in 2022.
IMAX's financial position is also strong. The company has a healthy balance sheet with no debt. The company also has a strong cash flow from operations.
Technical Analysis
IMAX's stock price has been trading in a range between $13.20 and $22.13 over the past year. The stock is currently trading near the middle of this range. The stock's 50-day moving average is $19.75, and its 200-day moving average is $16.84.
The stock's technical indicators are mixed. The relative strength index (RSI) is above 50, indicating that the stock is overbought. However, the moving average convergence divergence (MACD) is below zero, indicating that the stock is in a downtrend.
Short Term Outlook
The short-term outlook for IMAX is mixed. The stock is trading near the middle of its 52-week range. The stock's technical indicators are also mixed. As a result, it is difficult to predict which direction the stock will move in the short term.
Long Term Outlook
The long-term outlook for IMAX is positive. The company has a strong brand, a loyal customer base, and a growing global footprint. The company is also well-positioned to benefit from the continued growth of the immersive film industry.
Analyst Recommendations
Analysts have a consensus rating of "Buy" on IMAX. The average analyst target price is $25.4. Two analysts have a "Strong Buy" rating on the stock, seven have a "Buy" rating, one has a "Hold" rating, and one has a "Sell" rating.
