Integrated Media Technology Limited (NASDAQ: IMTE) Recovers 264.63% From 52-Week Low, Is IMTE Still A High-Risk, High-Reward Play?

Integrated Media Technology Limited (NASDAQ:IMTE) currently has a daily average trading volume of 2.16M but it saw 1176973 shares traded in last market. With a market cap of 6.38M USD, the company’s current market price of $1.86 came falling about -3.63 while comparing to the previous closing price of $1.93. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.84 and as low as $0.51. In the recent trading on the day, stock has struck highest price mark of $1.85 while lowest mark touched by it was $2.5399.

Taking a look at 20-day trading activity of Integrated Media Technology Limited (IMTE) gives us an average price of $1.2277, while its current price level is -51.56% below from 52-week high level whereas it is 264.63% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.2633 while that of 200 days or SMA-200 reads an average of $1.4166. A closer look into the stock’s movement over the week reveals that its volatility is standing at 73.35% during that period while stretching the period over a month that decreases to 22.14%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 63.71 which implies that the stock is in neutral territory.

Over the week, IMTE’s stock price is moving 97.87% up while it is 60.34% when we observe its performance for the past one month. Year-to-date it is 48.80% up and over the past year, the stock is showing a downside performance of -25.60%.

The company is expected to be releasing its next quarterly report in April, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Integrated Media Technology Limited’s total number of outstanding shares is 3.43M with 14.72% of that held by the insiders while 0.00% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -67.05% and return on equity (ROE) at -85.42%. Stock’s beta reads 1.06. Stock has a price to book (P/B) ratio of 0.40 while price to sale or P/S ratio amounts to 58.00. Its return on asset (ROA) is -55.62% on average.