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IMAXImax CorporationBuy Wait5.8·$50.38-3.00%
Buy WaitModerate Confidence
Investment thesis

Exceptional free cash flow conversion and strong analyst sentiment stand out in an otherwise challenged picture: two consecutive and sizable earnings misses, revenue contracting at roughly 6%, an 18% short float, and the stock trading just 30 basis points below its near-term resistance target leave almost no reward for the risk of a new position at the current price.

Thesis pillars

  • Exceptional Free Cashflow ConversionStable
  • Consecutive Large Earnings MissesDeteriorating
  • Revenue Contracting Six PercentStable
  • +1 more pillar — see the Why tab for full reasoning

Full reasoning →

Open full analysis

Imax Corporation (IMAX) Stock Analysis

Buy WaitVALUE-TRAP 1/5GrowthQualityShortModerate Confidence

Communication Services · Entertainment

Wait for pullback to $49.34. Weak momentum; also recent C-suite change — blocks BUY_NOW at $50.38. Engine's entry $49.34 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Analyst target reached - limited upside remaining; Negative momentum.

IMAX Corporation (the "Company" or "IMAX") is a Canadian corporation that was formed in March 1994 as a result of an amalgamation between WGIM Acquisition Corp. and the former IMAX Corporation ("Predecessor IMAX"). Predecessor IMAX was incorporated in 1967.

$50.38-8.9% A.UpsideScore 5.8/10#9 of 34 Entertainment
QualityF-score9 / 9FCF yield3.83%
Entry $49.34(support + ATR (held))Stop $45.21Target $54.46(resistance)A.R:R -1.1:1
Analyst target$52.73+4.7%11 analysts
$54.46our TP
$50.38price
$52.73mean
$42
$61

Wait for pullback to $49.34. Weak momentum; also recent C-suite change — blocks BUY_NOW at $50.38. Engine's entry $49.34 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Analyst target reached - limited upside remaining; Negative momentum. Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. | News modifier +2 (HOLD_IF_HOLDING → STRONG_BUY_WAIT) Score 5.8/10, moderate confidence.

Passes 5/8 gates (clean insider activity, news boost analyst 0.50, earnings proximity 61d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-08-29

Recent Developments — Imax Corporation

Material events (past 30 days)

  • 8K Aug 21, 2026 MEDIUM Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 19, 2026, IMAX Corporation (the "Company") and Robert D.

Generated 2026-08-29T03:02:09Z.

TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Thu, Oct 29, 202661d to earnings· next earnings call

Thesis

Rewards
Strong earnings beat streak (4/4)
Positive news sentiment (+1.00)
High-quality business
Risks
Analyst target reached - limited upside remaining
Negative momentum

Key Metrics

P/E (TTM)72.1
P/E (Fwd)25.1
Mkt Cap$2.8B
EV/EBITDA22.2
Profit Mgn9.8%
ROE11.0%
Rev Growth12.2%
Beta0.39
DividendNone
Rating analysts18

Quality Signals

Piotroski F9/9MoatNarrow

Options Flow

P/C2.20bearish
IV62%elevated

Material Events(8-K, last 90d)

  • 2026-08-21Item 5.02MEDIUM
    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 19, 2026, IMAX Corporation (the "Company") and Robert D.
    SEC filing →

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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Methodology · Editorial policy & full disclaimer

Rating Breakdown

1 floor-breaker

Momentum below the gate floor. Component breakdown shows what dragged the score down.static

Macd
0.0
Obv
1.0
Volume
2.6
Rsi
5.5
Ma Position
6.0
Volume distribution (falling OBV)Above 200-day MA
GatesMomentum 3.0<4.5A.R:R -1.1=NEGATIVEExecutive change: officer departure/appointmentInsider activity: OKNEWS BOOST ANALYST 0.50EARNINGS PROXIMITY 61d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Aggressive
RSI
47 · Neutral
20D MA 50D MA 200D MAGOLDEN CROSSSupport $48.35Resistance $55.57

Price Targets

$45
$49
$54
A.Upside-8.9%
A.R:R-1.1:1

Position Sizing

ConvictionMedium conviction
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Target reached (-8.9% upside)
! News modifier +2: HOLD_IF_HOLDING → STRONG_BUY_WAIT
! momentum at 3.0 (below the engine's 4.5 threshold)

Earnings

B
B
B
B
4/4 beats
Next Earnings2026-10-29 (61d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is IMAX stock a buy right now?

Wait for pullback to $49.34. Weak momentum; also recent C-suite change — blocks BUY_NOW at $50.38. Engine's entry $49.34 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Analyst target reached - limited upside remaining; Negative momentum. Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. | News modifier +2 (HOLD_IF_HOLDING → STRONG_BUY_WAIT) Target $54.46 (+8.1%), stop $45.21 (−11.4%), A.R:R -1.1:1. Score 5.8/10, moderate confidence.

What is the IMAX stock price target?

Take-profit target: $54.46 (-8.9% upside). Target $54.46 (+8.1%), stop $45.21 (−11.4%), A.R:R -1.1:1. Stop-loss: $45.21.

What are the risks of investing in IMAX?

Analyst target reached - limited upside remaining; Negative momentum.

Is IMAX overvalued or undervalued?

Imax Corporation trades at a P/E of 72.1 (forward 25.1). TrendMatrix value score: 4.5/10. Verdict: Buy (Wait for Entry).

What do analysts say about IMAX?

18 analysts cover IMAX with a consensus score of 4.1/5. Average price target: $53.

What does Imax Corporation do?IMAX Corporation (the "Company" or "IMAX") is a Canadian corporation that was formed in March 1994 as a result of an...

IMAX Corporation (the "Company" or "IMAX") is a Canadian corporation that was formed in March 1994 as a result of an amalgamation between WGIM Acquisition Corp. and the former IMAX Corporation ("Predecessor IMAX"). Predecessor IMAX was incorporated in 1967.

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