Alert: Negative Investment/Fundamental Signals (12/11/23)-Imax Corp (NYSE: IMAX)


Imax Corp (NYSE: IMAX) has recently experienced significant negative changes in investment behavior: negative upside/downside volume developed.

Notable negative changes in fundamentals have recently occurred for Imax Corp (NYSE: IMAX): the stock’s power rating fell below 50, the consensus estimate for December, 2023 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

IMAX is expected to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Imax has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Imax has a neutral Power Rating of 43 but a poor Appreciation Score of 18, resulting in the Negative Value Trend Rating.

Recent Price Action

Imax Corp (NYSE: IMAX) stock closed at $16.39 on 12/11/23 after a modest gain of 0.5%. However, normal trading volume at 83% of normal accompanied the advance. The stock has risen 0.6% during the last week and has performed in line with the market over the last nine months.

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