Integrated Media Technology Limited [IMTE] Revenue clocked in at $0.10 million, down -60.85% YTD: What’s Next?

Integrated Media Technology Limited [NASDAQ: IMTE] surged by $0.29 during the normal trading session on Friday and reaching a high of $2.08 during the day while it closed the day at $1.75. 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”.

Integrated Media Technology Limited stock has also gained 34.10% of its value over the past 7 days. However, IMTE stock has declined by -33.21% in the 3 months of the year. Over the past six months meanwhile, it has lost -81.96% and lost -60.85% year-on date.

The market cap for IMTE stock reached $21.51 million, with 9.02 million shares outstanding and 5.65 million shares in the current float. Compared to the average trading volume of 1.53M shares, IMTE reached a trading volume of 19102238 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Integrated Media Technology Limited [IMTE]:

The Average True Range (ATR) for Integrated Media Technology Limited is set at 0.14, with the Price to Sales ratio for IMTE stock in the period of the last 12 months amounting to 215.07. The Price to Book ratio for the last quarter was 1.99, with the Price to Cash per share for the same quarter was set at 0.02.

IMTE stock trade performance evaluation

Integrated Media Technology Limited [IMTE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 34.10. With this latest performance, IMTE shares gained by 14.38% in over the last four-week period, additionally sinking by -81.96% over the last 6 months – not to mention a drop of -63.92% 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 58.54, with the RSI for the last a single of trading hit 71.10, and the three-weeks RSI is set at 49.86 for Integrated Media Technology Limited [IMTE]. The present Moving Average for the last 50 days of trading for this stock 1.6396, while it was recorded at 1.4440 for the last single week of trading, and 5.7611 for the last 200 days.

Integrated Media Technology Limited [IMTE]: An insightful look at the core 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.

Integrated Media Technology Limited [IMTE]: Insider Ownership positions

There are presently around $0 million, or 0.70% of IMTE stock, in the hands of institutional investors. The top three institutional holders of IMTE stocks are: MORGAN STANLEY with ownership of 60,800, which is approximately 4444.096% of the company’s market cap and around 15.78% of the total institutional ownership; JANE STREET GROUP, LLC, holding 22,225 shares of the stock with an approximate value of $39000.0 in IMTE stocks shares; and POWELL INVESTMENT ADVISORS, LLC, currently with $18000.0 in IMTE stock with ownership of nearly New of the company’s market capitalization.

6 institutional holders increased their position in Integrated Media Technology Limited [NASDAQ:IMTE] by around 101,221 shares. Additionally, 2 investors decreased positions by around 18,544 shares, while 0 investors held positions by with 16,415 shares. The mentioned changes placed institutional holdings at 103,350 shares, according to the latest SEC report filing. IMTE stock had 4 new institutional investments in for a total of 39,492 shares, while 2 institutional investors sold positions of 18,544 shares during the same period.


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