Integrated Media Technology Limited [IMTE] is -46.09% lower this YTD. Is it still time to buy?



Integrated Media Technology Limited [NASDAQ: IMTE] traded at a low on 07/07/22, posting a -53.92 loss after which it closed the day’ session at $2.41. The company report on June 9, 2022 that INTEGRATED MEDIA TECHNOLOGY LIMITED ANNOUNCES MEMORANDUM OF UNDERSTANDING TO DEVELOP SOURCING CHANNEL OF HALAL PRODUCTS IN THAILAND.

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Integrated Media Technology Limited (NASDAQ: IMTE) (“IMTE” or the “Company”), announces today that the Company’s subsidiary World Integrated Supply Ecosystem Sdn. Bhd. (“WISE”) has entered into a memorandum of understanding with Central Islamic Council of Thailand (CICOT), the Halal Standards Institute of Thailand and the Halal Science Center Chulalongkorn University Thailand (together as “Thailand Partners”), to establish a strategic partnership to collaborate in Halal affairs including establishing standards, inspection, certification, Halal forensic science laboratory and research exchanges.

The Thailand Partners are to actively provide and assist WISE to procure Halal products in Thailand. The Thailand Partners are well placed in the Thailand markets to identify Thai companies for collaboration in purchasing process, quality control, risk assessment, and operation management. In addition, the parties will actively develop innovative online cooperation to promote Halal products through online platform events and trade promotions, as well as on organizing joint academic events such as online training courses, conferences and seminars.  The parties shall also share resources including the use the name and logo of the Thailand Partners on marketing materials and websites as a “strategic partner”.

The results of the trading session contributed to over 19359016 shares changing hands. Over the past one week, the price volatility of Integrated Media Technology Limited stands at 44.36% while the volatility over the past one month is 36.18%.

The market cap for IMTE stock reached $34.90 million, with 9.02 million shares outstanding and 5.65 million shares in the current float. Compared to the average trading volume of 2.29M shares, IMTE reached a trading volume of 19359016 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Integrated Media Technology Limited [IMTE]?

The Average True Range (ATR) for Integrated Media Technology Limited is set at 1.30, with the Price to Sales ratio for IMTE stock in the period of the last 12 months amounting to 348.97. The Price to Book ratio for the last quarter was 2.68, with the Price to Cash per share for the same quarter was set at 0.01.

How has IMTE stock performed recently?

Integrated Media Technology Limited [IMTE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -33.06. With this latest performance, IMTE shares dropped by -80.37% in over the last four-week period, additionally sinking by -45.96% over the last 6 months – not to mention a drop of -34.86% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IMTE stock in for the last two-week period is set at 39.58, with the RSI for the last a single of trading hit 37.50, and the three-weeks RSI is set at 41.07 for Integrated Media Technology Limited [IMTE]. The present Moving Average for the last 50 days of trading for this stock 5.04, while it was recorded at 3.99 for the last single week of trading, and 6.60 for the last 200 days.

Integrated Media Technology Limited [IMTE]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Integrated Media Technology Limited [IMTE] shares currently have an operating margin of -3110.53 and a Gross Margin at -1121.79. Integrated Media Technology Limited’s Net Margin is presently recorded at -2988.67.

Return on Equity for this stock declined to -88.45, with Return on Assets sitting at -30.68.

Integrated Media Technology Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.30.

Insider trade positions for Integrated Media Technology Limited [IMTE]

There are presently around $0 million, or 0.20% of IMTE stock, in the hands of institutional investors. The top three institutional holders of IMTE stocks are: VIRTU FINANCIAL LLC with ownership of 11,586, which is approximately New of the company’s market cap and around 15.78% of the total institutional ownership; CITADEL ADVISORS LLC, holding 6,958 shares of the stock with an approximate value of $17000.0 in IMTE stocks shares; and MORGAN STANLEY, currently with $3000.0 in IMTE stock with ownership of nearly New of the company’s market capitalization.

4 institutional holders increased their position in Integrated Media Technology Limited [NASDAQ:IMTE] by around 20,673 shares. Additionally, 2 investors decreased positions by around 42,570 shares, while 0 investors held positions by with 42,570 shares. The mentioned changes placed institutional holdings at 20,673 shares, according to the latest SEC report filing. IMTE stock had 4 new institutional investments in for a total of 20,673 shares, while 2 institutional investors sold positions of 42,570 shares during the same period.