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The Integrated Media Technology Limited (NASDAQ: IMTE) Metrics You Need To Know Right Now

Integrated Media Technology Limited (NASDAQ:IMTE) shares, rose in value on Wednesday, 06/22/22, with the stock price down by -5.31% to the previous day’s close as strong demand from buyers drove the stock to $3.03.

Actively observing the price movement in the last trading, the stock closed the session at $3.20, falling within a range of $2.95 and $3.49. The value of beta (5-year monthly) was 3.24. Referring to stock’s 52-week performance, its high was $38.48, and the low was $2.16. On the whole, IMTE has fluctuated by -45.31% over the past month.

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Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that IMTE’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of IMTE currently trading nearly -51.11% and -44.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.68, while the 7-day volatility ratio is showing 15.96% which for the 30-day chart, stands at 34.43%. Furthermore, Integrated Media Technology Limited (IMTE)’s beta value is 3.67, and its average true range (ATR) is 1.27.

A comparison of Integrated Media Technology Limited (IMTE) with its peers suggests the former has fared considerably weaker in the market. IMTE showed an intraday change of -5.31% in last session, and over the past year, it shrunk by -28.03%%. In comparison, Marin Software Incorporated (MRIN) has moved higher at 1.16% on the day and was up 4.17% over the past 12 months. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.13%. Meanwhile, the Dow Jones Industrial Slipped by -0.15%.

Data on historical trading for Integrated Media Technology Limited (NASDAQ:IMTE) indicates that the trading volumes over the past 10 days have averaged 5.57 million and over the past 3 months, they’ve averaged 1.98 million. According to company’s latest data on outstanding shares, there are 9.02 million shares outstanding.

Nearly 15.78% of Integrated Media Technology Limited’s shares belong to company insiders and institutional investors own 0.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 95750.0 shares as on May 30, 2022, resulting in a short ratio of 0.16. According to the data, the short interest in Integrated Media Technology Limited (IMTE) stood at 0.65% of shares outstanding as of May 30, 2022; the number of short shares registered in Apr 28, 2022 reached 0.1 million. The stock has fallen by -32.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IMTE stock heading into the next quarter.

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