Bearish Double Bottom Pattern Is Formed By IMAX Corporation (IMAX) at $22.70

June 26, 2018 - By Ronnie Lemelle

IMAX Corporation (NYSE:IMAX) Corporate Logo

With $21.34 Target IMAX Corporation (IMAX) shows a double bottom. That’s 6.00 % below today’s $22.70 stock price. The stock has $1.46B MC. On Jun, 26 it was announced by Finviz.com. The valuation of IMAX can change by $87.48M if our $21.34 Target is touched.

Ticker’s shares touched $22.7 during the last trading session after 0.44% change.IMAX Corporation has volume of 571,611 shares. Since June 26, 2017 IMAX has declined 16.67% and is downtrending. The stock underperformed the S&P500 by 29.24%.

On July, 25 WallStreet anticipated IMAX Corporation (NYSE:IMAX)’s earnings release, Zacks reports. The EPS diference is $0.10 or 125.00 % up from last years number. Previous year: $0.08; Analysts forcast: $0.18. If the current EPS of $0.18 is accurate, IMAX’s profit could be $11.56M. Last quarter $0.14 EPS was reported. Analysts predicts 28.57 % EPS growth this quarter.

IMAX Corporation (NYSE:IMAX) Ratings Coverage

In total 10 analysts cover IMAX Corp (NYSE:IMAX). “Buy” rating has 7, “Sell” are 0, while 3 are “Hold”. 70% are bullish. With $37.8 highest and $21.0 lowest PT IMAX Corp has $29.03 average PT or 27.89% above the current ($22.7) price. 20 are the (NYSE:IMAX)’s analyst reports since January 8, 2018 according to StockzIntelligence Inc. On Monday, January 8 the rating was maintained by Wedbush with “Buy”. In Wednesday, January 10 report PiperJaffray downgraded the stock to “Neutral” rating. On Tuesday, January 9 the stock of IMAX Corporation (NYSE:IMAX) earned “Buy” rating by Roth Capital. On Wednesday, February 28 the rating was downgraded by Roth Capital to “Neutral”. The stock rating was maintained by Canaccord Genuity with “Buy” on Thursday, February 1. On Friday, April 27 the company was upgraded by Benchmark. The stock rating was initiated by J.P. Morgan with “Buy” on Tuesday, February 20. On Tuesday, February 20 the company was maintained by Wedbush. On Friday, April 27 Wedbush maintained IMAX Corporation (NYSE:IMAX) rating. Wedbush has “Buy” rating and $3200 target. On Wednesday, April 25 the firm has “Buy” rating by Canaccord Genuity given.

More recent IMAX Corporation (NYSE:IMAX) news were released by Globenewswire.com, Prnewswire.com and Investorplace.com. The first one has “Detailed Research: Economic Perspectives on Quorum Health, IMAX, Turquoise Hill Resources, Crawford, Stepan, and …” as a title and was released on June 13, 2018. The next is “Moviegoers Receive Unprecedented Access To IMAX® As Part Of New AMC Stubs A-List Program” on June 20, 2018. And last was released on June 23, 2018, called “Don’t Jump on AMC Stock Before It Finishes Leveling Out”.

IMAX Corporation (NYSE:IMAX) Analyst Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.