Could IMAX Corporation (USA) Decline After Today’s Tip From Option Traders?

 Could IMAX Corporation (USA) Decline After Today's Tip From Option Traders?

In today’s session IMAX Corporation (USA) (IMAX) registered an unusually high (200) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious IMAX increase. With 200 contracts traded and 154 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: IMAX161118C00030000 closed last at: $0.8 or 27.3% down. About 243,654 shares traded hands. IMAX Corporation (USA) (NYSE:IMAX) has declined 3.30% since March 2, 2016 and is downtrending. It has underperformed by 11.56% the S&P500.

Analysts await IMAX Corporation (USA) (NYSE:IMAX) to report earnings on October, 26. They expect $0.10 earnings per share, down 16.67% or $0.02 from last year’s $0.12 per share. IMAX’s profit will be $6.97M for 73.50 P/E if the $0.10 EPS becomes a reality. After $0.09 actual earnings per share reported by IMAX Corporation (USA) for the previous quarter, Wall Street now forecasts 11.11% EPS growth.

IMAX Corporation (USA) (NYSE:IMAX) Ratings Coverage

Out of 10 analysts covering IMAX (NYSE:IMAX), 9 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 90% are positive. $52 is the highest target while $37 is the lowest. The $41.96 average target is 42.72% above today’s ($29.4) stock price. IMAX has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Tuesday, October 20 the stock rating was maintained by B. Riley & Co with “Buy”. The stock of IMAX Corporation (USA) (NYSE:IMAX) has “Buy” rating given on Thursday, October 29 by Stifel Nicolaus. On Monday, February 22 the stock rating was upgraded by Wedbush to “Outperform”. Roth Capital initiated IMAX Corporation (USA) (NYSE:IMAX) on Wednesday, July 20 with “Buy” rating. The firm has “Neutral” rating given on Friday, November 20 by Goldman Sachs. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, September 9 report. The stock has “Buy” rating given by Dougherty & Company on Friday, October 16. Macquarie Research maintained the shares of IMAX in a report on Wednesday, September 14 with “Outperform” rating. The firm has “Buy” rating given on Monday, March 7 by Benchmark. M Partners maintained the stock with “Buy” rating in Wednesday, September 9 report.

According to Zacks Investment Research, “Imax Corporation is an entertainment technology company, with particular emphasis on film and digital imaging technologies including giant-screen images, 3D presentations, post-production and digital projection. They design and manufacture projection and sound systems for giant-screen theaters and are a producer and distributor of films for giant-screen theaters. They also design and manufacture high performance digital image delivery systems in the form of digital projectors capable of projecting quality images on large screens from any video, computer or HDTV source.”

IMAX Corporation is an entertainment technology company. The company has a market cap of $2.05 billion. The Firm operates through seven divisions: the IMAX systems, the theater system maintenance, the joint revenue sharing arrangements, film production and IMAX DMR, film distribution, film post-production and other. It has a 42.96 P/E ratio. The IMAX systems segment designs, makes, sells or leases IMAX theater projection system equipment.

IMAX Company Profile

IMAX Corporation, incorporated on January 1, 2002, is an entertainment technology company. The Firm offers specialized motion picture technologies and presentations. The Firm operates through seven divisions: the IMAX systems, the theater system maintenance, the joint revenue sharing arrangements, film production and IMAX DMR, film distribution, film post-production and other. IMAX offers end-to-end cinematic solutions combining software, theater architecture and equipment to create the immersive motion picture experience. The Company’s theater network is a theatrical distribution platform for event films across the world. The Company’s principal businesses include the design and manufacture of theater systems (IMAX theater systems) and the sale, lease or contribution of those systems to customers, and the Digital Re-Mastering of films into the IMAX format and the exhibition of those films in the IMAX theater network. The Company’s clients who purchase, lease or otherwise acquire the IMAX theater systems are theater exhibitors that operate commercial theaters (particularly multiplexes), museums, science centers or destination entertainment sites. IMAX theater systems include IMAX DMR (Digital Re-Mastering) movie conversion technology, projectors with specialized equipment and automated theater control systems, sound system components and specialized theater acoustics.

More news for IMAX Corporation (USA) (NYSE:IMAX) were recently published by: Livetradingnews.com, which released: “IMAX Corporation (USA)(NYSE:IMAX) Downward Trend” on August 30, 2016. Investorplace.com‘s article titled: “IMAX Corporation (USA): Long-Term, IMAX Stock Is Looking Better Than Ever” and published on May 09, 2016 is yet another important article.

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