Why do you think.imax is a strong buy

IMAX Corporation (NYSE:IMAX) appears to be a strong buy for several reasons:

1. Analyst Consensus and Price Target: The company has a consensus rating of "Strong Buy" with an average price target of $25.4, indicating positive sentiment among analysts.
2. Revenue Growth and Profit Margin: Despite a recent decline in revenue growth rate of -9.2%, IMAX has maintained a net profit margin of 6.24%, which is a positive sign for profitability.
3. Dividend Yield: The company does not currently pay dividends, but its dividend yield (TTM) is not available, which may be a factor for income-focused investors.
4. Technical Indicators: The stock's RSI is at 16.24, which could suggest it's in an oversold territory and may be due for a bounce. The stock is also trading below its 5-day, 10-day, and 50-day moving averages but above its 200-day moving average, which may indicate a potential bottom line.

5. Fundamental Ratios: IMAX's P/E ratio is 38.51, which is relatively high, but its P/S ratio is 3, and its Price to Book Ratio is 3.9, all of which are below the industry averages. This may suggest that the stock is undervalued compared to its peers.

6. Market Performance and Upcoming Films: IMAX has seen a significant increase in stock price over the past three months, and its upcoming films could further drive box office revenue and stock performance.
7. Strategic Developments: IMAX has recorded robust second-quarter revenues and struck a significant deal with Wanda Film in China, indicating strategic growth and content collaboration.

While there are positive indicators, investors should consider the risks associated with the stock market and the potential impact of macroeconomic factors on the company's performance. It's also important to review the most recent company earnings reports, analyst ratings, and market conditions before making any investment decisions.