How to Buy Imax Stock
Imax Corp
Imax is a entertainment company located in Ontario, Canada, which is part of the Communication Services sector, and is traded under the ticker IMAX on the NYSE exchange.
Imax stock last closed at $16.70, down 2.05% from the previous day, and has decreased 15.87% in one year. It has underperformed other stocks in the Entertainment industry by 0.32 percentage points. Imax stock is currently +26.52% from its 52-week low of $13.20, and -19.32% from its 52-week high of $20.70.
There are currently 52.62M shares of IMAX outstanding. The market cap of IMAX is $878.79M. In the past 24 hours, 536,200 IMAX shares were traded.
How to Buy Imax Stock
Not sure how to invest in Imax stock? Here's how.
- Figure out where to buy Imax stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you determine where to buy Imax stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Pick your payment method and add your information.
- Evaluate Imax stock: The Imax ticker symbol is IMAX. Is Imax stock a good investment? Should you buy shares of IMAX? How do IMAX's underlying business fundamentals look? Do top analysts think Imax is a good buy? Why has IMAX's stock price moved recently? (Hint: Our stock research website can help you decide if IMAX is a good stock to buy).
- Execute your IMAX trade: Decide if you will purchase IMAX shares at the current market price or use a limit order to purchase IMAX shares at a given price.
- Keep tabs on your investment in IMAX: Create a watchlist to watch your position in Imax shares.
Step 1: Figure out where to buy Imax stock
You will need a brokerage account to access the NYSE market and buy IMAX stock.
Our preferred brokerage: eToro
In our opinion, eToro is the best brokerage. eToro gives you:
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Get $10 towards your share purchase by creating an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal details so you are able to buy IMAX today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open your new brokerage account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have opened your account on investing apps, your next step is to transfer the money for your investment:
Check out this video walkthrough if you need help depositing funds into your investment account.
Step 4: Evaluate Imax stock
Once you have decided on the best place to buy Imax stock, it's absolutely critical to analyze their stock before you buy, so you truly understand the risk as well as the opportunity.
Imax stock data
IMAX Zen Score
WallStreetZen was designed to help part-time investors do better fundamental analysis quickly.
You can view all of the due diligence checks on IMAX's stock page.
How is IMAX stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge IMAX's intrinsic value.
Using relative valuations methods:
- IMAX may be undervalued based on its P/E ratio of 34.79x, relative to Entertainment industry P/E ratio of 49.69x
- IMAX could be overvalued based on its P/B ratio of 3.4x, relative to Entertainment industry P/B ratio of 2.7x
- IMAX could be undervalued based on its PEG ratio of 0.97x
You can do more valuation research on IMAX's stock here.
IMAX Financial Summary
Pros:
- IMAX profit margin has gone up from -2.1% to 7.1% in the past year.
Cons:
- Total IMAX debt is higher than 5 years ago, relative to shareholder equity.
- IMAX has a relatively high debt to equity ratio of 1.9.
Do analysts think it's a good time to buy Imax stock
Out of 7 Equities analysts who give forecasts on IMAX, the consensus analyst rating on IMAX is a Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent IMAX Analyst Recommendations
Mike Burton, a top 28% analyst from Goldman Sachs maintains IMAX with a strong sell rating and lowers their IMAX price target from $15.00 to $13.00, on Jan 11, 2024.
Eric Wold, a top 5% analyst from B. Riley Securities maintains IMAX with a strong buy rating and lowers their IMAX price target from $27.00 to $21.00, on Jan 2, 2024.
You can dive deeper into what analysts are projecting on the Imax stock forecast page.
IMAX Technicals
IMAX Growth Numbers
Last year, IMAX earnings were $26.16M. During the past five year, IMAX's earnings have grown by 5.92% per year. This was slower than the Entertainment industry average of 7.82%.
Last year, IMAX revenue was $367.02M. In the past 5 year, IMAX's revenue has grown by -0.14% per year. This was slower than the Entertainment industry average of 14.99%.
Dive into IMAX's earnings and revenue performance here.
What are IMAX executives and large shareholders up to?
In the last 12 months, insiders at IMAX have sold more shares than they have bought.
Calamera Pablo, CTO EVP of IMAX, was the latest IMAX insider to sell. They sold $104,528.76 worth of IMAX shares on Apr 26, 2024.
Research more about who owns IMAX shares here.
Can I get consistent income from IMAX stock?
No, Imax doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your IMAX trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount, place a limit order.
Press the Open Trade button and eToro will execute the order.
If you need additional help buying stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your investment in IMAX
Now that you own some IMAX shares, you'll want to keep up with your company.
Make a watchlist to track the most important metrics related to your IMAX stock.
IMAX Feed
How to Buy Stock in Imax
To reiterate, here are the 6 steps for buying Imax stock:
- Figure out where to buy Imax stock
- Open your brokerage account
- Deposit funds into your investment account
- Evaluate Imax stock
- Execute your IMAX trade
- Keep tabs on your investment in IMAX
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest news on your investment in Imax, create a watchlist on WallStreetZen today.
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