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.
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.
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.