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 $16.31, up 3.89% from the previous day, and has decreased 4.34% in one year. It has underperformed other stocks in the Entertainment industry by 0.11 percentage points. Imax stock is currently +20.81% from its 52-week low of $13.50, and -25.25% from its 52-week high of $21.82.
There are currently 54.61M shares of IMAX outstanding. The market value of IMAX is $890.64M. In the past 24 hours, 968,817 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 tested dozens of online stock brokerages and apps to help you decide where to buy Imax stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Choose your method of payment and add your details.
- 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 tools can help you figure out 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 buy IMAX shares at a given price.
- Keep tabs on your investment in IMAX: Create a watchlist to important updates regarding your investment in Imax shares.
Step 1: Figure out where to buy Imax stock
You need a brokerage account to access the NYSE market and buy IMAX shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal info so you can buy IMAX today.
How to Set Up 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.
- Enter your personal data to start your new trading account.
- Send your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have created your account on investing apps, your next step is to transfer the money for your investment:
Watch the video below to see the process of transferring money into your brokerage account.
Step 4: Evaluate Imax stock
After you have decided on the best place to buy Imax stock, it's crucial to analyze their stock prior to investing, so you can comprehend the risk as well as the upside.
Imax Metrics
IMAX Zen Score
WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on IMAX's stock page.
Is IMAX stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge IMAX's fair value.
Using relative valuations methods:
- IMAX could be undervalued based on its P/E ratio of 35.46x, relative to Entertainment industry P/E ratio of 42.42x
- IMAX could be overvalued based on its P/B ratio of 3.1x, relative to Entertainment industry P/B ratio of 2.38x
- IMAX may be overvalued based on its PEG ratio of 1.63x
You can do more valuation analysis on IMAX's stock here.
Is IMAX a healthy company?
Pros:
- IMAX earnings of $48.89M is not enough to cover its interest payments.
- IMAX profit margin has gone up from -4.9% to 6.6% in the past year.
- IMAX's operating cash flow of $71.45M allows it to safely service it's debt of $252.35M.
Cons:
- IMAX has a relatively high debt to equity ratio of 1.72.
- Total IMAX debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Imax stock, according to analysts?
Out of 5 sell side analysts who give recommendations on IMAX, the consensus analyst rating on Imax is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Imax stock forecast page.
IMAX Momentum
IMAX Growth Metrics
Last year, IMAX earnings were $25.41M. In the last 5 year, IMAX's earnings have grown by 2.33% per year. This was slower than the Entertainment industry average of 4.66%.
Last year, IMAX revenue was $386.87M. In the past 5 year, IMAX's revenue has gone up by -0.21% per year. This was slower than the Entertainment industry average of 12.89%.
Dive into IMAX's earnings and revenue performance here.
What are IMAX insiders up to?
Over the past 12 months, executives and large shareholders 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 $66,733.68 worth of IMAX shares on Jul 28, 2023.
Get more info about who owns IMAX shares here.
Can I rely on IMAX as an income stream?
No, Imax doesn't provide an income stream by paying out dividends.
IMAX Social Trading Data
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your IMAX trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific price limit, place a limit order.
Click the Open button and your broker will place your order.
If you require more help investing in stocks on eToro, click the helpful 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 stock purchase.
Add IMAX to a watchlist to track the latest developments regarding your IMAX stock.
IMAX Feed
How to Buy Stock in Imax
To reiterate, here are the 6 steps you need to take to buy Imax stock right now:
- 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 are looking for a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Imax, get started below.
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