IMAX
IMAX (IMAX) Analysis Company Overview: IMAX is well-positioned to benefit from the ongoing recovery in the entertainment industry. As a leader in premium large-format cinema experiences, IMAX leverages its asset-light business model to generate strong returns through system installations and global expansion. The company’s focus on providing immersive, high-quality viewing experiences has proven successful, with blockbusters like Top Gun: Maverick drawing moviegoers back to theaters in droves.
Key Catalysts:
System Installations and Backlog Growth: IMAX has seen a significant rise in system installations, contributing to an expanding backlog. This growth reflects the increasing demand for premium viewing experiences, as theaters capitalize on the higher ticket prices that IMAX screens can command.
Asset-Light Business Model: IMAX’s asset-light approach reduces capital expenditure while maximizing returns, making it a more scalable and efficient business. This model allows the company to focus on expanding its footprint and enhancing its technology, driving long-term growth.
Shift Towards Blockbusters: As the movie industry increasingly focuses on big-budget films, IMAX is set to benefit from its niche in premium cinema experiences. The success of films like Top Gun: Maverick underscores the demand for immersive theater experiences, positioning IMAX as a key player in this evolving market.
Investment Outlook: Bullish Outlook: We are bullish on NYSE:IMAX if it holds above the $19.00-$20.00 range. Upside Potential: The upside target for IMAX is set at $30.00-$31.00, driven by the growth in system installations, a strong backlog, and the resurgence of blockbuster films.
🎥 IMAX—immersive experiences leading the future of cinema! #IMAX #CinemaRevival 🚀🎬
IMAXMission:
At the heart of the IMAX vision lie three qualities: a commitment to our customers and shareholders; a commitment to excellence; and a commitment to delivering the best entertainment experiences through new technologies.
Recent News:
1.IMAX delivered a roaring international debut for "Godzilla vs. Kong," earning $12.4 million for the weekend across 891 screens in 40 markets worldwide. In a positive sign as the summer blockbuster season approaches, Warner Bros. and Legendary Pictures' epic kaiju clash scored the biggest opening weekend in IMAX for a Hollywood film since December 2019.
2. NEW YORK and SHANGHAI, Feb. 14, 2021 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) soared to its best-ever opening weekend for the Chinese New Year holiday, grossing $25 million through February 14 as the country kicks off its pinnacle box office period. Despite a continued capacity limitation of at least 75% across China, IMAX grew opening weekend box office a whopping 45% over its record-breaking 2019, when Chinese cinemas were last open for the holiday.
3. NEW YORK and SHANGHAI, March 9, 2021 /PRNewswire/ -- On the heels of a record breaking Chinese New Year, IMAX (NYSE: IMAX), IMAX China (HKSE: 1970) and Broadway announced an agreement of four new IMAX theaters across several iconic locations in downtown Shanghai, including One East, located in the heart of Huangpu Riverside, the first flagship property managed and operated by Brookfield Properties in Shanghai.
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IMAX Value to Rise?I'm feeling quite hopeful about the movie industry. Having stock in AMC made me think about finding a more relatable company that does more than simply house in seats for the newest movie. This led me to doing some research on IMAX. I bought in at $14.77 after reading their recent quarter reports. Some of the things I like about the potential upswing or hike in value in years to come:
1. Expansion - They are stretched between 82 countries with China being its strongest market.
2. 73% of it' network is based in International Markets. Tells me that there is some sustainability with COVID going on since different countries are handling it different.
3. Release of IMAX Enhanced which helps the streaming momentum that has taken place.
4. 10 IMAX systems signed in 3rd Q 2020 despite theatre closings.
5. 23 new installation in Q3 2020.
6. The fact that they have more than just one product line. They aren't only about housing seats. They work with the industry itself and has the innovative technology that filmakers need in this industry.
I took a chance on this....bought 1 share but I can see price hitting $20-$26 dollars which would mean that it will have tested the resistance zone #1. Reaching resistance zone #2 would be a miracle.
IMAX - DAILY CHARTHi, today we are going to talk about IMAX and its current landscape.
The IMAX company has expanded in an expressive way early this year by adding 40 locations aiming to be present in 900 theaters in China the second biggest market in the world. IMAX also it's set to receive another boost from China as, the country that controls about 90% of the market, and 70% of the global production of rare-earths, said this month that it's raising its annual mining quota to 132,000 tons, representing a 10% rise in comparison with last year. This decision's poised to have a significant impact on the markets due to the relevance of rare-earth is one of the most relevant elements to the modern industry, essential to the production of a wide variety of products. To have an idea, let's have a quick look at their uses on the industry:
Neodymium - Used to make powerful magnets that can bee use on the many products from computer hard drives to motors for electric cars
Lanthanum - Used to make audiovisual components like camera lenses and other elements that work with light on the industry like cinema projection and illumination.
Gadolinium - Used on the fabrication of Television screens in the medical industry by been utilized in MRI and X-ray scanning systems.
Cerium - Used in the manufacture for cigarette lighters, as the Lanthanum it's used on the cinema industry, this element its also used by the crude refinery in its refining process.
Praseodymium - Essential to producing aircraft engines and along with magnesium, can create high-strength metals named Mischmetal.
Yttrium - Used in white LED lights, lasers that can cut through metals, also it's used in making of microwave filters for radars, and it's used to a catalyst in ethene polymerization.
Terbium - Used in mercury lamps and to improve the safety of medical x-rays and used in laser devices.
Europium - Used in printing euro banknotes, low-energy light bulbs to give natural light, also it's excellent at absorbing a neutron, valuable to control rods for nuclear reactors.
With this scenario in mind, we can weight that companies and other types of assets, that have a high level of dependence on this material could have relief on their profit margins during this year that China keeps this level of production. This relief might mitigate eventual headwinds that these assets may face and boost possible bullish sentiments.
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IMAX - Upward channel Possible earnings play, $31 March PutsIMAX seems running within an upward channel, also forming a possible bear flag formation. On the other side we have the earnings coming in 2 days. So we would like to take advantage with option, and we would consider $31 March-17 Puts, last traded for $1.25
* Trade Criteria *
Date First Found- February 19, 2017
Pattern/Why- Upward channel, Possible bear flag, Possible Earnings play
Entry Target Criteria- Current price
Exit Target Criteria- $29
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
IMAX- Short at is breaks down forming Inverted Flag IMAX- Short
Trade Logic: Inverted flag & pole
Technically very weak as crossed down recent support & money-flow is shooting down
Entry Price: 29.43
Target Price: 27.13
You can check our detailed analysis on IMAX in the trading room link here-
Trade Suggestion Date: 21/6/2016
Trading Room - Executive summery link: www.youtube.com
Time Span: 11:00”
Trade Open: Waiting for reversal to open price