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Integrated Media Technology Limited Forecast: Reassessing The Past

Integrated Media Technology Limited (NASDAQ:IMTE) concluded the trading at $0.64 on Thursday, September 22 with a fall of -11.27% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $0.73 and 5Y monthly beta was reading 3.53 with its price kept floating in the range of $0.5563 and $0.73 on the day. Considering stock’s 52-week price range provides that IMTE hit a high price of $38.48 and saw its price falling to a low level of $0.71 during that period. Over a period of past 1-month, stock came subtracting -53.00% in its value.

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In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review IMTE stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.

Digging deeper we become aware of the PEG ratio of the IMTE stock which is currently positioned at 0. It further provides that stock’s current price level is -52.54% away from its 20-day simple moving average and is -59.22% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 32.17 while volatility remained at 58.88% over the past week which changes to 18.96% when measuring it over the past month. Beta is valued at 3.00, while measure of average true range or ATR is currently at 0.24.

In comparing Integrated Media Technology Limited (IMTE)’s stock with other industry players reveals that stock’s current price change of -11.27% and that of -86.83% over the past 12 months is in competing position with that of Marin Software Incorporated (MRIN) which saw its stock price fall by -6.25% in the last trading and went through a decrease of -83.71% in past 12-month trading. Integrated Media Technology Limited has a P/E ratio of 0. On the other hand, the S&P 500 Index was down -0.84% in the last trading session while the Dow Jones Industrial closed the session lower at -0.35%.

Having a second look at Integrated Media Technology Limited (NASDAQ:IMTE) provides that stock’s average daily trading volume for 3 months was 2.00 million, while it jumped to 4.1 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 9.02 million.

The percentage of outstanding shares held by the insiders is 15.78% while it is 0.70% for the institutional holders. The figures also indicate that as of Jul 14, 2022, number of stock’s short shares was 0.24 million which implies a short ratio of 0.08. This shows down a 1.64% of Short Interest in company’s outstanding shares on the day. In July the standing of shares short improved as it was 0.31 million in the previous month. Subtraction of -85.60% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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