On 2/28/24, Imax Corp (NYSE: IMAX) stock enjoyed a major increase of 11.1%, closing at $17.54. Moreover, trading volume in this advance was exceptionally high at 329% of normal. Relative to the market the stock has been weak over the last nine months but has risen 13.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, IMAX is expected to be an important Value Builder.
Imax has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Imax has a poor Appreciation Score of 21 and a very low Power Rating of 9, and the Lowest Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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