Imax Corporation (IMAX) has been under a strong bear grip, hence the stock is down -0.82% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.05% in the past 1 week. The stock has risen by 0.59% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.83% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.88% and the 50-Day Moving Average is 5.29%.The 200 Day SMA reached 7.78% IMAX Corporation has dropped 2.18% during the last 3-month period . Year-to-Date the stock performance stands at -17.87%.
Imax Corporation (IMAX) : Currently there are 9 street experts covering Imax Corporation (IMAX) stock. The most bullish and bearish price target for the stock is $45 and $38 respectively for the short term. The average price target of all the analysts comes to $40.89. The estimated standard deviation from the target is $1.98.
For the current week, the company shares have a recommendation consensus of Buy. Imax Corporation (NYSE:IMAX): stock was range-bound between the intraday low of $28.82 and the intraday high of $29.84 after having opened at $29.63 on Fridays session. The stock finally closed in the red at $29.63, a loss of -1.52%. The stock remained in the red for the whole trading day. The total traded volume was 1,031,783 shares. The stock failed to cross $29.84 in Fridays trading. The stocks closing price on Thursday was $29.19.
IMAX Corporation is an entertainment technology company. The Company, along with its wholly owned subsidiaries, is specialized motion picture technologies and presentations. The Company operates through seven segments: the IMAX systems, the theater system maintenance, the joint revenue sharing arrangements, film production and IMAX DMR, film distribution, film post-production and other. The Companys businesses include the design and manufacture of theater systems (IMAX theater systems) and the sale, lease or contribution of those systems to customers, and the digital re-mastering of films into the IMAX format and the exhibition of those films in the IMAX theater network. Its trademarks include IMAX, IMAX Dome, IMAX 3D, IMAX 3D Dome, Experience It In IMAX, The IMAX Experience and An IMAX Experience, among others. The Company owns approximately 934 theater systems (828 commercial and 106 institutional) operating in 62 countries.