New insider activity at IMAX ( (IMAX) ) has taken place on February 26, 2025.
Director Eric Demirian has recently sold 23,000 shares of IMAX stock, amounting to a total transaction value of $616,630.
Recent Updates on IMAX stock
IMAX Corporation has seen positive developments recently, with multiple analysts raising their price targets following the company’s Q4 earnings report. JPMorgan increased its target due to updated estimates post-earnings, while Barrington and Roth MKM also raised their targets, citing strong profit growth prospects and a promising outlook for 2025. The company’s record-breaking performance during the Chinese New Year, strategic global expansion, and strong financial results, including a 48% increase in adjusted EBITDA, have contributed to these optimistic forecasts. Despite challenges such as a soft Chinese box office in 2024 and the impact of Hollywood strikes, IMAX’s strategic partnerships and content expansion, particularly with Netflix, have positioned it well for future growth. The management’s guidance for over $1.2 billion in global box office revenue in 2025 further supports the positive sentiment among analysts.
More about IMAX
YTD Price Performance: 4.62%
Average Trading Volume: 662,920
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.39B
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