Taking on analysts’ expectations and winning: Integrated Media Technology Limited (IMTE)

Integrated Media Technology Limited (NASDAQ: IMTE) stock fell -2.63% on Friday to $1.48 against a previous-day closing price of $1.52. With 1.25 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.37 million shares. During the session, the Electronic Gaming & Multimedia company that operates in wider Communication Services sector, reached to the highest price of $1.6400 whereas the lowest price it dropped to was $1.4700. The 52-week range on IMTE shows that it touched its highest point at $38.48 and its lowest point at $1.31 during that stretch. Beta for the stock currently stands at 3.09.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IMTE was down-trending over the past week, with a drop of -14.94%, but this was down by -58.89% over a month. Three-month performance dropped to -66.59% while six-month performance fell -79.84%. The stock lost -62.91% in the past year, while it has lost -66.89% so far this year.

Float and Shares Shorts:

At present, 9.02 million IMTE shares are outstanding with a float of 5.65 million shares on hand for trading. On Apr 28, 2022, short shares totaled 0.1 million, which was 0.69% higher than short shares on Mar 30, 2022. In addition to Mr. Con Unerkov as the firm’s Consultant, Mr. Te Hwai Ho serves as its Company Sec.

Institutional Ownership:

Through their ownership of 0.33% of IMTE’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 21.58% of IMTE, in contrast to 0.11% held by mutual funds. Shares owned by individuals account for 0.03%. As the largest shareholder in IMTE with 0.08% of the stake, Virtu Financial BD LLC holds 11,586 shares worth 11,586. A second-largest stockholder of IMTE, Citadel Advisors LLC, holds 6,958 shares, controlling over 0.05% of the firm’s shares. Morgan Stanley & Co. LLC is the third largest shareholder in IMTE, holding 1,338 shares or 0.01% stake. With a 0.03% stake in IMTE, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 3,824 shares are owned by the mutual fund manager.



Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IMTE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With IMTE analysts setting a high price target of – and a low target of –, the average target price over the next 12 months is –.




Summary of Insider Activity:

Insiders traded IMTE stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 0 while 3,825,622 shares were sold.

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