Volatility Is Your Friend: Integrated Media Technology Limited (IMTE) Is Hot Again

Integrated Media Technology Limited (NASDAQ:IMTE) does about 34.01K shares in volume on a normal day but saw 106419659 shares change hands in the recent trading day. The company now has a market cap of 7.20M USD. Its current market price is $2.10, marking an increase of 288.96% compared to the previous close of $0.54. The 52 week high reached by this stock is $3.84 whilst the lowest price level in 52 weeks is $0.51.

Integrated Media Technology Limited (IMTE) has a 20-day trading average at $1.1200 and the current price is -45.31% off the 52-week high compared with 311.68% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.2300 and its 200-day simple moving average is $1.4200. If we look at the stock’s price movements over the week, volatility stands at 44.81%, which decreases to 15.22% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 71.45 to suggest the stock is overbought.

The current price level is 87.14%, 71.01%, and 48.06% away from its SMA20, SMA50, and SMA200 respectively, with the IMTE price moving below the 50-day SMA on current market day. Integrated Media Technology Limited (IMTE) stock is up 101.94% over the week and 66.20% over the past month. Its price is 68.00% year-to-date and -18.92% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 3.43M with insiders holding 14.72% of the shares and institutional holders owning 0.00% of the company’s common stock. The company has a return on investment of -67.05% and return on equity of -85.42%. The beta has a value of 1.54. Price to book ratio is 0.45 and price to sales ratio is 65.42.