Home  »  Equity Investing   »  IMAX Corporation (IMAX): The Street’s Finall...

IMAX Corporation (IMAX): The Street’s Finally Waking Up

IMAX Corporation (NASDAQ: IMAX), the world’s leading advanced cinema equipment manufacturer, experienced a surge in investor confidence during the Chinese New Year season. Since January 1, the share price of the company rose 12.38%. The stock experienced an increase of 13.32% in the past week and 10.41% in the past 30 days. However, in the past six months, the share price increased by 56.98% and 41.11% in the previous three months.

China Can't Stop US$0.25 Stock from Mining Ultra-Rare Metal

Here's one little-known company — trading undiscovered below 25-cents per share — that's advancing one of the largest and highest quality REE deposits in all of North America... and the Chinese can't do a damn thing about it! It's early stage... and that's excellent news for individual investors like you who have the foresight to act decisively on an emerging megatrend that's already being measured in the Tens of $Billions.

Simply click here and the name & trading symbol are yours.

Sponsored

A couple of positive Wall Street comments followed an IMAX Corporation (IMAX) report of good results during the Chinese New Year celebrations. Over the weekend of Chinese New Year, the company raised an unprecedented $ 25 million. This is 45% higher than the previous record. During the 2020 Chinese New Year, cinemas were closed due to the COVID-19 pandemic. Despite the coronavirus restrictions, this year, a good result was achieved. Hence, cinemas cannot have occupancy rates exceeding 75% of their assigned seats.

Benchmark affirmed its Buy recommendation for IMAX and increased its price target to $22. Macquarie Analysts also reiterated the previous ‘Out of Market’ rating showing a target price of $24.

According to analysts for Wall Street, IMAX Corporation (IMAX) is a reliable company when the theaters are open. IMAX has the most significant potential for rapid recovery while the film industry as a whole is struggling. IMAX technologies are responsible for this, among other things. When visitors attend IMAX cinemas, they experience more positive emotions, making them happy to return. It may indicate a strong deferred demand for film premieres based on its record results in the Chinese market. A healthy balance sheet also exists for IMAX, in which long-term debt is approximately equal to the cash balance.

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts

385

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.

Receive Best Stock To Trade Before The Opening Bell

 

 

100% Free. Stop Anytime. No Spam