Let’s start up with the current stock price of Integrated Media Technology Limited (IMTE), which is $3.20 to be very precise. The Stock rose vividly during the last session to $3.44 after opening rate of $2.81 while the lowest price it went was recorded $2.81 before closing at $2.72.Recently in News on June 9, 2022, INTEGRATED MEDIA TECHNOLOGY LIMITED ANNOUNCES MEMORANDUM OF UNDERSTANDING TO DEVELOP SOURCING CHANNEL OF HALAL PRODUCTS IN THAILAND. 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. You can read further details here
Integrated Media Technology Limited had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $38.48 on 04/01/22, with the lowest value was $2.16 for the same time period, recorded on 06/15/22.
Integrated Media Technology Limited (IMTE) full year performance was -22.89%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Integrated Media Technology Limited shares are logging -91.68% during the 52-week period from high price, and 48.15% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.16 and $38.48.
The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 2416300 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Integrated Media Technology Limited (IMTE) recorded performance in the market was -28.41%, having the revenues showcasing -71.56% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 45.54M, as it employees total of 13 workers.
Analysts verdict on Integrated Media Technology Limited (IMTE)
During the last month, 0 analysts gave the Integrated Media Technology Limited a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 8.00, with a change in the price was noted -4.60. In a similar fashion, Integrated Media Technology Limited posted a movement of -58.97% for the period of last 100 days, recording 1,432,148 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for IMTE is recording 0.52 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.12.
Integrated Media Technology Limited (IMTE): Technical Analysis
Raw Stochastic average of Integrated Media Technology Limited in the period of last 50 days is set at 8.86%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 9.50%. In the last 20 days, the company’s Stochastic %K was 6.58% and its Stochastic %D was recorded 5.09%.
Let’s take a glance in the erstwhile performances of Integrated Media Technology Limited, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -28.41%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -28.73%, alongside a downfall of -22.89% for the period of the last 12 months. The shares increased approximately by 32.23% in the 7-day charts and went up by -43.26% in the period of the last 30 days. Common stock shares were lifted by -71.56% during last recorded quarter.