Imax Corp (NYSE:IMAX) shares, rose in value on Wednesday, May 07, with the stock price up by 2.48% to the previous day’s close as strong demand from buyers drove the stock to $25.65.
Actively observing the price movement in the last trading, the stock closed the session at $25.03. The PE ratio was 55.36 over 12-month period. Referring to stock’s 52-week performance, its high was $27.77, and the low was $14.94. On the whole, IMAX has fluctuated by 4.82% over the past month.
With the market capitalization of Imax Corp currently standing at about $1.38 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IMAX’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.67, with the price of IMAX currently trading nearly 9.55% and 4.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.49, while the 7-day volatility ratio is showing 4.81% which for the 30-day chart, stands at 5.63%. Furthermore, Imax Corp (IMAX)’s beta value is 0.78, and its average true range (ATR) is 1.20.
A comparison of Imax Corp (IMAX) with its peers suggests the former has fared considerably weaker in the market. IMAX showed an intraday change of 2.48% in last session, and over the past year, it grew by 53.50%%.
Data on historical trading for Imax Corp (NYSE:IMAX) indicates that the trading volumes over the past 3 months, they’ve averaged 1.03 million. According to company’s latest data on outstanding shares, there are 53.74 million shares outstanding.
Nearly 20.09% of Imax Corp’s shares belong to company insiders and institutional investors own 87.04% of the company’s shares. The stock has risen by 0.20% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IMAX stock heading into the next quarter.
