IMAX Corporation (USA) Can Burn Your Long Portfolio. Option Traders Are Bearish

 IMAX Corporation (USA) Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session IMAX Corporation (USA) (IMAX) recorded an unusually high (691) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious IMAX decrease. With 691 contracts traded and 864 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: IMAX161216P00033000 closed last at: $0.6 or 7.7% down. About 58,383 shares traded hands. IMAX Corporation (USA) (NYSE:IMAX) has risen 4.92% since April 22, 2016 and is uptrending. It has underperformed by 0.49% the S&P500.

Analysts await IMAX Corporation (USA) (NYSE:IMAX) to report earnings on February, 22. They expect $0.24 EPS, down 25.00% or $0.08 from last year’s $0.32 per share. IMAX’s profit will be $16.00 million for 35.63 P/E if the $0.24 EPS becomes a reality. After $0.01 actual EPS reported by IMAX Corporation (USA) for the previous quarter, Wall Street now forecasts 2,300.00% EPS growth.

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

Out of 11 analysts covering IMAX (NYSE:IMAX), 10 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 91% are positive. IMAX has been the topic of 19 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Wednesday, September 14 the stock rating was maintained by Macquarie Research with “Outperform”. Credit Suisse reinitiated it with “Outperform” rating and $42 target price in Friday, November 11 report. The firm has “Buy” rating given on Thursday, October 29 by Stifel Nicolaus. On Friday, November 20 the stock rating was maintained by Goldman Sachs with “Neutral”. The stock has “Outperform” rating given by Wedbush on Monday, February 22. On Tuesday, October 20 the stock rating was maintained by B. Riley & Co with “Buy”. As per Monday, March 7, the company rating was maintained by Benchmark. The stock of IMAX Corporation (USA) (NYSE:IMAX) earned “Buy” rating by Roth Capital on Wednesday, July 20. Dougherty & Company maintained it with “Buy” rating and $50.0 target price in Friday, October 16 report. The stock has “Buy” rating given by M Partners on Wednesday, September 9.

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 $2.28 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 56.64 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 recent IMAX Corporation (USA) (NYSE:IMAX) news were published by: Livetradingnews.com which released: “IMAX Corporation (USA)(NYSE:IMAX) Downward Trend” on August 30, 2016. Also Investorplace.com published the news titled: “IMAX Corporation (USA): Long-Term, IMAX Stock Is Looking Better Than Ever” on May 09, 2016. Finance.Yahoo.com‘s news article titled: “IMAX : Summary for Imax Corporation Common Stock – Yahoo Finance” with publication date: April 11, 2014 was also an interesting one.

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